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.

Wildcat Capital Management LLC, which manages the wealth of buyout firm TPG Inc's co-founder David Bonderman, has asked Consolidated Communications Holdings Inc to reject an offer to take the company private for $2.9 billion including debt.

Exclusive: Bonderman's Wildcat seeks to thwart $2.9 bln Consolidated Communications deal

Start Time: 08:30 January 1, 0000 9:03 AM ET Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q1 2023 Earnings Conference Call May 02, 2023, 08:30 AM ET Company Participants Bob Udell - President and CEO Fred Graffam - EVP and CFO Philip Kranz - Senior Director, IR Conference Call Participants Gregory Williams - TD Cowen Michael Rollins - Citigroup Operator Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today.

Consolidated Communications Holdings, Inc. (CNSL) Q1 2023 Earnings Call Transcript

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 first quarter of 2023. “We added a record 12,337 consumer fiber broadband subscribers in the first quarter and achieved 60% growth year over year,” said Bob Udell, chief executive officer. “Our plan to drive improved penetration through a refined go-to market strategy is off to a great start with particul.

Consolidated Communications Reports Record Consumer Fiber Broadband Net Adds and Announces First Quarter 2023 Financial Results

MATTOON, Ill.--(BUSINESS WIRE)-- #NationalVolunteerWeek--Consolidated Communications (Nasdaq: CNSL) is celebrating and thanking its employees for volunteering in the communities where they live and work, during National Volunteer Week (April 16-22). “Whether on the job or in their local communities, our employees truly make a difference and are committed to helping others,” said Jennifer Spaude, senior vice president of corporate communications for Consolidated.

Consolidated Communications Celebrates Employees for Commitment to Volunteer Service

A bid for Consolidated Communications (US:CNSL) by activist investors Searchlight Capital Partners and British Columbia Investment Management to acquire all outstanding shares of the company for $4.00 each could be read in several ways.

Activist Searchlight Capital Leads Opportunistic $4 Bid for Consolidated Communications

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (Nasdaq: CNSL) (“Consolidated” or the “Company”) today announced that its board of directors (the “Board”) received a non-binding proposal letter, dated April 12, 2023, from Searchlight Capital Partners, L.P. (together with its affiliated investment funds, “Searchlight”) and British Columbia Investment Management Corporation (“BCI” and together with Searchlight, the “Searchlight Group”), to acquire all of the outstanding common shares of Consolidated not already owned by the Searchlight Group for cash consideration of $4.00 per share.

Consolidated Communications Announces Receipt of “Take Private” Proposal from Searchlight Capital and British Columbia Investment Management

This is an interesting non-binding merger arb situation. Telecommunications provider Consolidated Communications has received an acquisition bid from a buyer consortium led by its largest shareholder Searchlight Capital Partners (owns 34%).

Consolidated Communications: Potential Higher Bid

The company should reject the $4 buy-out offer as the company has plenty of potential for the upcoming years. The company pivoted from a low margin copper-based communications business into a strong fiber business.

Consolidated Communications: The Buyout Offer Is Too Low

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL), a leading fiber provider, today released its 2022 Environmental, Social and Governance (ESG) Report. The report which covers the calendar year 2022, describes Consolidated's progress and focus on people, social impact, sustainable business operations, and responsible business practices.

Consolidated Communications Releases 2022 Environmental, Social and Governance Report

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (Nasdaq: CNSL) will release its first quarter 2023 financial results on Tuesday, May 2 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.

Consolidated Communications to Release First Quarter 2023 Earnings on May 2

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) today announced that Bob Udell, president and chief executive officer, will participate in a fireside chat at New Street Research's Second Annual Fiber to the Future Conference on Tuesday, Mar. 28, 2023 at 1:45 p.m. ET and hold small group meetings with investors. A live webcast link for the fireside chat will be available on Consolidated's Investor Relations website https://ir.consolidated.com.

Consolidated Communications to Participate at New Street Research's Second Annual Fiber to the Future Conference

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MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) will participate in the 2023 J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, Mar. 7, 2023. Bob Udell, chief executive officer, will present at 11:30 a.m. ET and the Company will conduct meetings with investors at the conference. The presentation can be accessed on the Company's investor relations website at https://ir.consolidated.com.

Consolidated Communications to Participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Philip Kranz - Senior Director, Investor Relations Robert Udell - President, CEO & Director Fred Graffam - EVP & CFO Conference Call Participants Gregory Williams - Cowen and Company Michael Rollins - Citigroup Robert Williams - Octagon Credit Investors Operator Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today.

Consolidated Communications Holdings, Inc. (CNSL) Q4 2022 Earnings Call Transcript

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 fourth quarter and full year 2022.

Consolidated Communications Reports Positive Broadband Net Adds for 2022 and Announces Fourth Quarter and Full Year 2022 Results

PORTLAND, Maine--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading Fiber-to-the-Home (FttH) provider, will bring its multi-gig internet service, Fidium to more than 15,800 homes and businesses in rural Maine, funded in part with two grants totaling nearly $17 million from Maine Connectivity Authority (MCA).

Consolidated Communications Wins Nearly $17 Million to Expand Fiber Internet in Maine

MANCHESTER, N.H.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL), a leading fiber provider, announced today it was awarded $40 million in funding from American Rescue Plan Act (ARPA) to build fiber to nearly 25,000 unserved homes throughout New Hampshire. Consolidated will invest its own capital to bring fiber to more than 32,000 additional homes. In total, the entire project will provide reliable fiber internet services to more than 57,000 homes across six different counties.

Consolidated Communications Awarded $40 Million in Grants to Aid in Building Fiber to 57,000 Homes in New Hampshire

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading broadband and business communications provider, today announced $22,500 in grant funding to innovative programs at five schools through the Consolidated Connects Educational Grant Program.

Consolidated Communications Awards $22,500 in Grants for K-12 Schools

MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading broadband and business communications provider, today announced it has been named a U.S. Best-in-Class Employer by Gallagher for the second year in a row. “We are honored to receive this recognition from Gallagher as a top employer for the second year in a row,” said Vivian Schott, vice president of Human Resources for Consolidated.

Consolidated Communications Recognized as U.S. Best-in-Class Employer by Gallagher for Second Consecutive Year

MATTOON, Ill.--( BUSINESS WIRE )--Fidium's multi-gig fiber internet with WiFi 6 is now available to small businesses in all Fidium communities, including: California, Illinois, Maine, Minnesota, New Hampshire, Pennsylvania, Texas and Vermont. The simple, affordable service gives entrepreneurs control over their internet network and WiFi empowering their business.

Fidium Fiber's Gig-Speed Internet and WiFi Solution is Now Available to Small Businesses

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL), a leading Fiber-to-the-Premise (FttP) broadband provider, named Gaurav Juneja President of its consumer business unit. As president, Juneja will lead Fidium's consumer go-to-market strategy including: sales, marketing, end-user experience and support. Juneja will play a vital role in driving the Company's continued fiber expansion including where Fidium services will have the greatest impact for the Company as well as consumers.

Consolidated Communications Hires Gaurav Juneja as President of Consumer Business

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL) will release its fourth quarter 2022 financial results on Tuesday, Feb. 28 before the market opens. The Company will host a live conference call and webcast on the same day at 7:30 a.m. CT.

Consolidated Communications to Release Fourth Quarter 2022 Earnings on Feb. 28

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, is sharing resources and tips for small businesses to enhance data privacy, as small businesses are proven to be especially vulnerable to costly data breaches.

Cyberattacks Cost Small Businesses, While Prevention Attracts Customers

MATTOON, Ill.--( BUSINESS WIRE )--Consolidated Communications (NASDAQ: CNSL), a leading Fiber-to-the-Premise (FttP) broadband provider, today announced Dan Stoll as president of the Company's commercial and carrier business. Stoll will oversee Consolidated's commercial and carrier go-to-market strategy including: sales, delivery, customer support, and related development and expansion of the Company's fiber network. Michael Smith, who previously served as president of the commercial and carrier business, is retiring from the Company after 30 successful years of service.

Consolidated Communications Advances B2B Strategy with Appointment of Dan Stoll as President of Commercial and Carrier Business

MATTOON, Ill.--( BUSINESS WIRE )--Expansion of Fidium Fiber's multi-gig speeds and delightful service experience will continue across northern New England in 2023. Residents in the communities of Lewiston, Scarborough, Ellsworth, and Blue Hill, Maine, and St. Albans, Vt. can pre-order Fidium Fiber, Consolidated Communications' residential fiber internet service.

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