MasTec (MTZ), a Coral Gables-based utility and communications infrastructure contractor, said Wednesday it will pay less cash for wind energy company Wanzek Construction and that other terms of the deal have been revised.

On Oct. 6, MasTec announced it would pay $200 million and assume $15 million in debt for Fargo, N.D.-based Wanzek.

Under the revised terms, MasTec will pay $50 million in cash, 7.5 million shares of MasTec common stock, a $55 million convertible note, assume $15 million of debt and pay a two-year earnout equal to 50 percent of Wanzek's earnings before interest, taxes, depreciation and amortization in excess of $40 million per year.

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