Consolidated Communications Holdings

Consolidated Communications Holdings, Inc. engages in the provision of business and broadband communications services. It provides integrated communication services in consumer, commercial, and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas, and Wisconsin. The firm offers communication solutions including high-speed Internet, data, digital television, phone, managed and cloud services, and wireless backhaul over a fiber optic network. The company was founded by Iverson A. Lumpkin on August 10, 1894 and is headquartered in Mattoon, IL.

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Consolidated Communications excels in fiber expansion, faces EBITDA challenges

Consolidated Communications is making significant strides in its transformation to a leading fiber broadband provider, with a strong focus on expanding fiber coverage and growing the customer base. While facing challenges such as EBITDA reduction and revenue uncertainty, the company is optimistic about growth opportunities through strategic priorities and government funding support.

Consolidated Communications reports strong Q1 performance driven by fiber growth

Consolidated Communications Holdings demonstrated strong performance in Q1 with notable achievements in consumer broadband and revenue growth.
While facing challenges in revenue diversification and commercial segment performance, the company's focus on fiber technology and sustainability presents opportunities for future growth.
With a strategic emphasis on fiber build and digital transformation, CNSL is well-positioned to capitalize on market trends and drive long-term success.
Management's commitment to transparency and growth, coupled with positive customer metrics, underpin CNSL's optimistic outlook for the future.

Consolidated Communications reports strong Q2 performance and growth opportunities

Consolidated Communications delivered a robust performance in Q2 driven by consumer fiber and broadband growth.
While facing challenges in commercial revenue decline, the company is proactively managing costs and focusing on expansion.
Opportunities lie in EBITDA growth targets, fiber network expansion, government partnerships, and consumer revenue enhancement.
Maintaining financial stability and strategic growth initiatives position the company well for future success.

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Consolidated Communications Holdings, Inc. engages in the provision of business and broadband communications services. It provides integrated communication services in consumer, commercial, and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas, and Wisconsin. The firm offers communication solutions including high-speed Internet, data, digital television, phone, managed and cloud services, and wireless backhaul over a fiber optic network. The company was founded by Iverson A. Lumpkin in 1894 and is headquartered in Mattoon, IL.

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Fidium's Multi-Gig-Speed Internet Now Available in Conway, N.H. Area

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL) today announced, as required by Nasdaq Listing Rule 5635(c)(4), the grant of an inducement award to its recently appointed executive vice president, chief financial officer and treasurer, Fred Graffam, on Dec. 1, 2022.

Consolidated Communications Announces Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications Enterprise Services, Inc. (“Company”) is pleased to announce it has completed the sale of its Kansas City assets, effective Nov. 30, 2022, to Everfast Fiber Networks LLC for approximately $82 million in gross cash proceeds, subject to the finalization of certain working capital and other post-closing purchase price adjustments. The divestiture is an outcome from the Company's strategic asset review and focus on its fiber expansion plans in its core regions.

Consolidated Communications Closes on Sale of its Kansas City Assets

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL), a leading Fiber-to-the-Premise (FttP) broadband provider, today announced the appointment of Fred Graffam as executive vice president and chief financial officer effective Dec. 1, 2022. After a distinguished career within the telecommunications industry, Steve Childers will transition from chief financial officer to an advisory role until Dec. 31, 2022 to ensure a smooth transition.

Consolidated Communications Announces CFO Transition

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company”) announced the next step in positioning the Company to continue to execute on its Fiber-to-the-Premise (“FttP”) expansion plan to upgrade 1.6 million locations by the end of 2025. Consolidated has extended the maturity of its $250 million revolving credit facility (the “Revolver”) by two years from 2025 to 2027, subject to springing maturity, and enhanced its financial flexibility under the Revolver.

Consolidated Communications Announces Extension of Revolving Credit Facility

BANGOR, Maine--(BUSINESS WIRE)--Fidium Fiber is celebrating one year of bringing a better internet experience to customers across Northern New England with a fun-filled celebratory tour throughout the region.

Celebrating One Year of Better Internet: The Fidium Truck is Coming Your Way

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q3 2022 Results Conference Call November 1, 2022 8:30 AM ET Company Participants Jennifer Spaude - Senior Vice President, Investor Relations and Corporate Communications Bob Udell - President and CEO Steve Childers - Chief Financial Officer Conference Call Participants Greg Williams - Cowen Michael Rollins - Citi Jason Kim - Goldman Sachs Stephen Sikora - Aetna Ana Goshko - Bank of America Operator Good morning. My name is Dennis, and I will be your conference operator today.

Consolidated Communications Holdings, Inc. (CNSL) Q3 2022 Earnings Call Transcript

Consolidated Communications Reports Record Fiber Adds and Third Quarter 2022 Results

Passwords and People are the Biggest Risks to Businesses' Cyber Security, says Consolidated Communications' Head of Network Security

Southern Vermont Communications Union District Wins $9 Million Grant to Expand Fiber in Southwest Vermont

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MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) will release its third quarter 2022 financial results on Tuesday, Nov. 1 before the market opens. The Company will host a live conference call and webcast on the same day at 7:30 a.m. CT. A link to the live webcast along with the Company's earnings release, investor presentation, and related materials will be available on Consolidated's Investor Relations website at https://ir.consolidated.com. Analysts and investors int

Consolidated Communications to Release Third Quarter 2022 Earnings on Nov. 1

AUGUSTA, Maine--(BUSINESS WIRE)--Fidium's multi-gigabit, all fiber service is now available to 41,000 additional homes in eastern Maine, increasing fiber connectivity in the state by 50 percent. According to a University of Missouri study, higher rates of access to and adoption of wired broadband, like fiber, leads to higher employment in rural communities. Additional studies have shown that high-speed internet is connected to higher median household incomes and increased entrepreneurial activi

Fidium Advances Fiber in Maine by 50 Percent

MANCHESTER, N.H.--(BUSINESS WIRE)-- #finallyfidium--More than 30,000 homes in Manchester, N.H. can now get best-in-class, multi-gig-speed internet from Fidium Fiber, the new customer-centered broadband service that recently helped the city rank in the top five college towns with fastest fixed broadband speeds. Soon, residents in Exeter, Conway and North Conway will be able to order Fidium, as construction has begun on an all-fiber network. Before the year's end, more than 12,000 homes in these towns will be abl

Manchester, N.H. Ranks in Top Five College Towns with Fastest Broadband Speeds, Thanks to Fidium

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) announced today that its subsidiary, Clio Subsidiary, LLC, has completed the sale of its limited partnership interests in five wireless partnerships to Cellco Partnership d/b/a Verizon Wireless, the general partner of the partnerships. A portion of the interest in one of the partnerships was sold to a limited partner of such partnership, pursuant to its right of first refusal. The $490 million in aggregate

Consolidated Communications Completes Sale of Wireless Investments

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading broadband and business communications provider, today announced that the Consolidated Connects educational grant program will accept funding applications from Sept. 1 through Oct. 14. The program provides grants to schools and educational programs serving K-12 students in the company's service area. Since launching in 2021, Consolidated Connects has provided $60,000 to 20 schools for a variety of programs, incl

Consolidated Connects Now Accepting Educational Grant Applications

Consolidated Communications' current performance remains weak. CNSL sold its partnership assets for $490 million to maximize its fiber investment in an effort to produce long-term growth.

Consolidated Communications Goes All In On Fiber

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Jennifer Spaude - Senior Vice President, Investor Relations and Corporate Communications Bob Udell - President and CEO Steve Childers - Chief Financial Officer Conference Call Participants Greg Williams - Cowen Ana Goshko - Bank of America Joe Choi - FPA Operator Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today.

Consolidated Communications Holdings, Inc.'s (CNSL) CEO Bob Udell on Q2 2022 Results - Earnings Call Transcript

BENNINGTON, Vt.--(BUSINESS WIRE)--Fidium Fiber's multi-gigabit, all fiber service is now available to order for 12,000 homes in Bennington County, including 400 homes that previously did not have access to high-speed internet. The new fiber network, announced in May, is the result of a partnership between Southern Vermont Communication Union District (CUD) and Consolidated Communications. Southern Vermont CUD represents 14 rural towns in Bennington County. The CUD advocates for bringing high-sp

Fidium Fiber Delivers 2-Gig Service for Southern Vermont CUD

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today reported results for the second quarter 2022. “In the second quarter, we added a record 9,600 net fiber subscribers, a three-fold increase from a year ago, and achieved total consumer net positive broadband connections for the first time in over seven years,” said Bob Udell, president and chief executive officer at Consolidated C

Consolidated Communications Reports Transformational Second Quarter 2022 Results

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) announced today that Clio Subsidiary, LLC, a subsidiary of the Company, has entered into an agreement to sell its limited partnership interests in five wireless partnerships managed by Cellco Partnership, d/b/a Verizon Wireless, to Cellco for an aggregate purchase price of $490 million. The net proceeds of the sales will be invested in the business and used to support the Company's Fiber to the Premises (F

Consolidated Communications Announces Sale of Wireless Investments to Verizon

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) today announced that Bob Udell, president and chief executive officer, will present at Cowen's 8th Annual Communications Infrastructure Summit on Thursday, Aug. 11, 2022 at 10:50 a.m. ET. The Company will also host one-to-one meetings with investors. A live webcast of the virtual event will be available on Consolidated's Investor Relations website at https://ir.consolidated.com. About Consolidated Communic

Consolidated to Present at Cowen Communications Infrastructure Summit

BANGOR, Maine--(BUSINESS WIRE)--Residents in Bangor, Maine can now order best-in-class, multi-gig-speed internet from Fidium Fiber, Consolidated Communications' customer-centered residential internet service. Construction on the Bangor fiber network is nearly complete, and more than 24,000 Bangor homes have access to highly reliable, symmetrical (that means same upload and download speeds) fiber internet, with WiFi 6, which creates a mesh network that optimizes your home network daily, deliveri

Get Ready for 2 Gig-speeds from Fidium Fiber in Bangor, Maine

CONCORD, N.H.--(BUSINESS WIRE)--More than 27,000 homes in Concord, N.H. can now order best-in-class, multi-gig-speed internet from Fidium Fiber, Consolidated Communications' customer-centered residential internet service. Construction on the Concord fiber network is nearly complete and highly reliable, symmetrical (same upload and download speeds) fiber internet is changing the way residents work, play and learn at home. All Fidium plans come with WiFi 6, which creates a mesh network that optim

Concord, New Hampshire, Get Ready for 2 Gig-speeds from Fidium Fiber

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) will release its second quarter 2022 financial results on Thursday, Aug. 4 before the market opens. The Company will host a live conference call and webcast on the same day at 7:30 a.m. CT. A link to the live webcast along with the Company's earnings release, investor presentation, and related materials will be available on Consolidated's Investor Relations website at https://ir.consolidated.com. Analysts and investors i

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