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Consolidated Communications (NASDAQ: CNSL) has announced $42,000 in grants to K-12 schools aimed at enhancing technology-focused educational initiatives through its Consolidated Connects Educational Grant Program. This funding is part of a larger commitment, following a total of $60,000 awarded in the previous year. The grants support various innovative programs, including STEAM labs and robotics classes, across multiple states, showcasing the company's dedication to fostering student learning and critical thinking skills.
Consolidated Communications (NASDAQ: CNSL) has enhanced its Managed IT Services suite, improving efficiency and scalability for businesses. Recent updates include added functionalities and white glove support for services such as Microsoft 365, Managed Mobile, and Disaster Recovery. These upgrades aim to provide 24/7 expert customer service and meet compliance standards. With disaster recovery gaining importance due to extreme weather, these enhancements are positioned to help businesses reduce downtime and IT costs.
Consolidated Communications partners with Seacoast United Soccer Club to enhance communication capabilities across its facilities in New Hampshire, Maine, and Massachusetts. This three-year agreement aims to connect five locations with high-speed fiber internet and offer a range of voice and data solutions, including the ProConnect unified communications service. Consolidated plans to upgrade over 70% of its service area to multi-gig speeds by 2025, further improving service for local families.
Consolidated Communications has completed the second stage of a $425 million investment from Searchlight Capital Partners, securing
Consolidated Communications (NASDAQ: CNSL) announced that CEO Bob Udell and CFO Steve Childers will present at the 5th Annual Wells Fargo TMT Conference on November 30, 2021, at 10:40 a.m. ET. A live webcast of their presentation will be available on Consolidated's Investor Relations website. Consolidated Communications is a leading provider of reliable communication solutions, offering high-speed internet, data, and phone services, supported by a robust network of over 50,000 fiber route miles.
Consolidated Communications (NASDAQ: CNSL) has launched Fidium Fiber, a new Gigabit internet service priced at
Consolidated Communications (NASDAQ: CNSL) will participate in the New Street Research & BCG 5G Conference on Monday, Nov. 15. Chief Technology Officer Tom White is scheduled to present on a panel at 2:40 p.m. ET and will hold virtual meetings with investors during the event. Consolidated is recognized for providing reliable communication solutions, with nearly 50,000 fiber route miles in its network, making it a top 10 U.S. fiber provider.
Consolidated Communications (CNSL) reported third quarter 2021 results, achieving significant milestones in its fiber deployment strategy. The company completed 97,000 fiber upgrades, aiming for over 300,000 by year-end. Consumer fiber connections grew by 20% year-to-date, with revenue reaching $318.6 million. However, GAAP net loss stood at $4.5 million, contrasting with a net income of $14.6 million from last year. Adjusted EBITDA decreased by 3.7% to $127.4 million. Capital expenditures guidance has been updated to $440-$460 million due to proactive equipment procurement amidst supply chain challenges.
Consolidated Communications has expanded its fiber gigabit broadband services to 18,000 homes and small businesses in Conroe, Katy, and Lufkin, Texas. The FTTP network offers a competitive rate of $70 per month for symmetrical 1-gig service, including equipment with a one-year price lock. The expansion aims to provide ultra-fast internet to over 35,000 Texas locations by the end of 2021, ultimately enabling 80% of the company’s Texas operations to be fiber capable. This initiative supports remote work, online retail, and various communication solutions.
Consolidated Communications (CNSL) is expanding its fiber internet services to nearly 9,000 homes and businesses in Charleston, Mattoon, Shelbyville, and Taylorville, Illinois, by year's end.
Plans start at $35/month with symmetrical 1-gig service for $70/month, including equipment and installation. This rollout supports local economic development, allowing businesses to thrive with high-speed connectivity. The initiative aligns with CNSL's five-year goal to extend fiber access to 70% of its service area by 2025.