Welcome to our dedicated page for Consolidated Comm Hldgs news (Ticker: CNSL), a resource for investors and traders seeking the latest updates and insights on Consolidated Comm Hldgs stock.
Consolidated Communications Holdings Inc. (NASDAQ: CNSL) delivers essential broadband and business communication services through its 45,850-mile fiber-optic network across 23 U.S. states. This page provides authorized updates on corporate developments, financial disclosures, and technology initiatives critical for stakeholders.
Investors and industry professionals will find timely press releases covering earnings announcements, infrastructure investments, strategic partnerships, and regulatory compliance updates. Our curated collection ensures access to primary source materials without editorial commentary.
Key focus areas include network expansion projects, enterprise cloud solutions, and innovations in wireless backhaul technology. All content maintains strict neutrality while providing the factual basis for informed decision-making.
Bookmark this page for direct access to CNSL's official communications, including SEC filings and management commentary. Regular updates ensure you stay informed about this telecommunications provider's evolving market position.
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.
Consolidated Communications (NASDAQ: CNSL) announced $20,000 in grants through its Consolidated Connects Educational Grant Program, benefiting eight K-12 schools. These grants support technology-focused learning initiatives aimed at addressing remote learning challenges due to the pandemic. Recipients include Blue Oaks Elementary and Farmersville Grade School, among others. The program, which enhances innovative educational programming, is part of the company's long-standing commitment to community support. The next grant application period opens on Sept. 1, 2021.
Consolidated Communications Holdings (CNSL) reported Q1 2021 results, revealing a revenue of $324.8 million, a slight decrease of 0.3% from the previous year. Broadband revenue increased by 2.6% to $1.7 million. The company continues its fiber expansion, upgrading 46,000 passings to Gig+ FTTP, aiming for 70% coverage by 2025. However, net loss was $62.1 million with a GAAP net loss per share of ($0.80). Operating expenses rose by 2.6%, while capital expenditures surged to $76 million due to ongoing network projects. Guidance for 2021 includes capital expenditures between $400 million and $420 million.
Consolidated Communications (NASDAQ: CNSL) has launched 1 Gig broadband services for over 22,000 residential and small business locations in Sacramento and Roseville, California. Utilizing fiber-to-the-premises technology, these services provide improved speeds and capabilities, enhancing remote work and learning experiences. The company emphasizes no data caps or throttling, ensuring customers can use high-bandwidth applications freely. This initiative aligns with Consolidated's five-year plan to upgrade 1.6 million locations to Gigabit speeds, enhancing connectivity in its service areas.
Consolidated Communications (NASDAQ: CNSL) has completed its first 5,000 network upgrades in Brattleboro and Montpelier, Vermont, as part of a five-year plan to expand its fiber-to-the-premises (FTTP) network. The company aims to upgrade 50,000 passings this year and over 200,000 by 2026. Thousands in these cities now have access to gigabit Internet, enhancing remote work and learning. Further expansions are planned in other states, and the company targets upgrading 1.6 million locations across its service area.
Consolidated Communications Holdings, Inc. (CNSL) announced the repricing of its existing term loan, reducing the margin and LIBOR floor by 1.5%. The second amendment refinanced $999.9 million of the term loan at LIBOR plus 3.50%, leading to an estimated annual cash interest savings of $18 million. The funding for this restructuring was supported by a recent $400 million senior secured note offering, resulting in $14 million annual amortization elimination. The company's updated cash interest expense guidance for 2021 is now between $130 million and $135 million, down from $142 million to $152 million.
Consolidated Communications (NASDAQ: CNSL) will release its first quarter 2021 financial results on April 29 before the market opens. A live conference call and webcast will follow at 9 a.m. CT, providing analysts and investors the opportunity to engage in a Q&A session. Interested participants can dial 833-794-0898 with the conference ID 7369367 to join. Consolidated Communications is a top-10 fiber provider in the U.S. with a fiber network spanning 46,300 route miles, offering a variety of communication solutions.
Consolidated Communications (NASDAQ: CNSL) has partnered with the town of Eastbrook, Maine, to construct a high-speed, fiber-to-the-premises (FTTP) Internet network, servicing nearly 500 municipal locations. This project will provide symmetrical Gig speeds, significantly enhancing current Internet availability. Jointly funded by Consolidated and Eastbrook, the construction is set to complete by the end of 2021. This initiative is aligned with Consolidated’s broader expansion plan, which aims to upgrade over 450,000 locations in Maine by 2025, enabling greater access to reliable broadband for residents and businesses.
Consolidated Communications (NASDAQ: CNSL) has been selected to build fiber-to-the-premises (FTTP) networks in eight New Hampshire towns, enhancing local broadband access. These partnerships, approved by residents, will connect over 9,400 homes and businesses to high-speed internet with speeds up to 1 Gig. Public-private partnerships will ensure no tax increases for residents, while Consolidated expands its fiber network, targeting 300,000 upgrades in 2021. This initiative supports economic development and community connectivity.
Consolidated Communications Holdings (NASDAQ: CNSL) announced that its subsidiary, Consolidated Communications, Inc., completed a $400 million offering of 5.000% senior secured notes due 2028. The offering's proceeds will primarily be used to repay existing term loans, along with covering related fees and general corporate purposes. The notes were offered to qualified institutional buyers and are guaranteed by Consolidated and its subsidiaries. This announcement highlights the company's financial strategy amidst market uncertainties and regulatory challenges.
