Consolidated Communications Holdings, Inc. - CNSL STOCK NEWS

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 $75 million following FCC approval. This funding aims to enhance broadband services through fiber infrastructure, benefiting over 1.6 million customers by 2025. Searchlight now owns about 35% of Consolidated's shares and will have two board seats. The ongoing five-year growth plan focuses on providing multi-gigabit fiber broadband while aiming for revenue growth and operational improvements.

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 $70 per month. Initially available in select Northern New England markets, Fidium offers symmetrical internet with no data caps, contracts, or bundled services. It includes features like a whole-home WiFi management app and proactive network monitoring. This initiative is part of the company's transformation strategy aimed at enhancing broadband access, especially in rural areas.

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.

Consolidated Communications (NASDAQ: CNSL) has launched gig-speed, fiber-to-the-premises broadband services in southwestern Pennsylvania, benefiting over 6,500 homes and small businesses. The new symmetrical 1-gig service is priced at $70 per month and includes equipment and installation costs, with a one-year price lock. Customers enjoy no data caps or throttling. This investment aligns with the company's plan to upgrade 70% of its service area to multi-gig speeds by 2025, supporting local residents and businesses with reliable internet solutions.