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Consolidated Communications Holdings, Inc. - CNSL STOCK NEWS

Welcome to our dedicated page for Consolidated Communications Holdings news (Ticker: CNSL), a resource for investors and traders seeking the latest updates and insights on Consolidated Communications Holdings stock.

Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is a prominent provider of broadband and business communication services across 23 states in the United States. Leveraging its extensive fiber optic network that spans an impressive 45,850 fiber route miles, the company delivers a wide array of communication solutions aimed at both consumers and businesses of all sizes. These services include data, voice, video, managed services, cloud computing, and wireless backhaul.

Headquartered in Mattoon, Illinois, Consolidated Communications serves a diverse range of customers. Its business product suite encompasses data and Internet solutions, voice services, data center services, security services, managed and IT services, and an expanded suite of cloud services. Additionally, the company provides wholesale solutions to wireless and wireline carriers and other service providers, including data, voice, network connections, custom fiber builds, and last-mile connections.

For residential customers, Consolidated Communications offers high-speed Internet, video, phone, and home security services. The company also provides multi-service bundles tailored for residential and small business needs.

Recent achievements of Consolidated Communications include significant advancements in their fiber network infrastructure, enhancing the speed and reliability of their services. Current projects involve expanding their fiber network to underserved areas and introducing innovative solutions to meet the evolving needs of their clientele.

Financially, Consolidated Communications maintains a stable position, continually investing in infrastructure and technology to ensure long-term growth and customer satisfaction. The company's strategic partnerships and continuous innovation highlight its commitment to providing top-tier communication services.

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Consolidated Communications (NASDAQ: CNSL) has launched ProConnect with Webex, integrating advanced communication and collaboration tools into its cloud-based unified communications platform. This offering allows users to connect seamlessly from any device, enhancing productivity and efficiency. With features like calling, messaging, and meeting capabilities consolidated into a single app, businesses can operate without disruptions. The upgrade caters to the needs of hybrid workforces, giving companies flexible solutions for uninterrupted communication.

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On July 8, 2021, Consolidated Communications (NASDAQ: CNSL) announced the promotions of Greg Flanagan and Travis Graham to vice president roles. Flanagan will oversee carrier sales and business development, while Graham will lead commercial and carrier products. Both executives bring extensive telecom experience, with Flanagan previously serving as senior director of business development and Graham heading the sales engineering team. The company aims to leverage their leadership to enhance its competitive position as a top 10 U.S. fiber provider.

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Consolidated Communications (NASDAQ: CNSL) is set to release its Q2 2021 financial results on July 29, prior to market opening. A live conference call is scheduled for the same day at 9 a.m. CT, where analysts and investors can participate. The earnings release, investor presentations, and other related materials will be accessible on the Company’s Investor Relations website.

Consolidated operates a robust network of nearly 50,000 fiber route miles, positioning itself as a top 10 U.S. fiber provider.

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Consolidated Communications (NASDAQ: CNSL) has appointed Mary Ellen Player as vice president of market management. Player, formerly the city manager of Google Fiber Charlotte, will spearhead market expansion and consumer sales. She brings 13 years of experience from Google, focusing on budget planning and go-to-market strategies. President Erik Garr praised her talent in leading the consumer business amidst the increasing importance of high-quality broadband. Player holds degrees from Harvard and Stanford and will be based in Manchester, N.H.

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Consolidated Communications (NASDAQ: CNSL) is expanding its fiber internet services to 25,000 residents and businesses in several New Hampshire towns, including Durham and Salem. By the end of 2021, nearly 32,000 addresses will benefit, with plans to upgrade over 70% of its footprint to multi-gig speeds by 2025. The symmetrical 1-gig service is competitively priced at $70 per month, including installation. The expansion aims to enhance connectivity and drive economic development across the region.

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Consolidated Communications (NASDAQ: CNSL) is expanding its fiber internet services, adding 23,000 new locations in the Sacramento area in June, following 22,000 upgrades completed in April. This network enhancement aims to provide symmetrical, gigabit-speed internet to residents and businesses, supporting the region's growth. Additionally, the company is launching surprise giveaways to celebrate these upgrades. Consolidated plans to complete over 45,000 upgrades in Northern California this year as part of a broader initiative to reach more than 70% of its service area with high-speed fiber.

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Consolidated Communications (NASDAQ: CNSL) is launching symmetrical gigabit fiber internet services in Keene, N.H., starting June 2021. The new fiber-to-the-premises network aims to provide high-speed broadband to 9,000 residents this summer and expand to 16,000 by year-end. With download speeds nearly 10 times faster and upload speeds nearly 100 times faster than existing services, this initiative addresses the critical demand for faster internet. Pricing for the 1-gig symmetrical service starts at $70 per month, including installation.

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Residents of Greenfield, Jaffrey, Marlow, Roxbury, and Peterborough in New Hampshire have approved the construction of high-speed fiber-to-the-premises (FTTP) Internet networks by Consolidated Communications (CNSL). This initiative aims to provide reliable Internet access to over 9,600 homes and businesses, supporting speeds up to 1 Gig. The partnerships with rural towns are crucial for enhancing broadband services and are part of Consolidated's wider plan to upgrade 300,000 locations by 2021. The project is expected to create significant economic and quality-of-life benefits for the communities involved.

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Consolidated Communications (CNSL) will participate in the 49th Annual Cowen Technology, Media & Telecom Virtual Conference on June 2. CEO Bob Udell and CFO Steve Childers are scheduled for a virtual fireside chat at 11:50 a.m. ET, along with one-on-one investor meetings. A live webcast and presentation materials will be available on their Investor Relations website. This participation reflects Consolidated's commitment to engaging with investors and showcasing its broadband and communication services across 23 states via its extensive fiber network.

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Consolidated Communications (NASDAQ: CNSL) is enhancing its fiber network in Texas as part of a five-year plan to provide multi-Gig broadband speeds to more customers. The initiative will allow over 80% of Texas locations to be fiber capable, with plans for 35,000 new locations underway for 2021. The company aims to improve Internet access, supporting remote work and high-bandwidth activities without data caps or throttling. Consolidated is also expanding its services across multiple states, emphasizing its commitment to advanced broadband technology.

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FAQ

What is the current stock price of Consolidated Communications Holdings (CNSL)?

The current stock price of Consolidated Communications Holdings (CNSL) is $4.66 as of December 20, 2024.

What is the market cap of Consolidated Communications Holdings (CNSL)?

The market cap of Consolidated Communications Holdings (CNSL) is approximately 555.5M.

What services does Consolidated Communications offer?

Consolidated Communications offers data, voice, video, managed services, cloud computing, and wireless backhaul services.

Where is Consolidated Communications headquartered?

Consolidated Communications is headquartered in Mattoon, Illinois.

How extensive is Consolidated Communications' fiber network?

The company's fiber optic network spans 45,850 fiber route miles.

Which areas does Consolidated Communications serve?

The company serves consumers and businesses across 23 states in the United States.

What type of customers does Consolidated Communications serve?

They serve business and residential customers, as well as wireless and wireline carriers and other service providers.

What recent achievements has Consolidated Communications made?

Recent achievements include advancements in their fiber network infrastructure and expanding their network to underserved areas.

What products are included in Consolidated Communications' business suite?

The business suite includes data and Internet solutions, voice services, data center services, security services, managed and IT services, and an expanded suite of cloud services.

What services are available for residential customers?

Residential services include high-speed Internet, video, phone, and home security services.

How does Consolidated Communications support other service providers?

They provide data, voice, network connections, custom fiber builds, and last-mile connections to other service providers.

What is the financial condition of Consolidated Communications?

Consolidated Communications maintains a stable financial position, investing in infrastructure and technology to ensure long-term growth.

Consolidated Communications Holdings, Inc.

Nasdaq:CNSL

CNSL Rankings

CNSL Stock Data

555.50M
76.25M
2.46%
82.02%
3.33%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
MATTOON