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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 Holdings, Inc. reported its fourth-quarter and full-year 2023 results, showcasing revenue of $275.2 million and $1.11 billion, respectively. The company experienced a net loss of ($58.6 million) in Q4 2023 and ($294.4 million) for the full year. Despite a decrease in expenses, the net interest expense increased by $8.4 million due to higher interest on the term loan. Consolidated is set to be acquired by Searchlight and BCI in a $3.1 billion all-cash transaction, leading to the company becoming private by Q1 2025.
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Consolidated Communications (CNSL) receives Gallagher’s Best-in-Class Employer designation for the third consecutive year, showcasing excellence in employee and organizational wellbeing. The company's strategic investments in benefits, compensation, and employee communication have been recognized for supporting employee health, financial security, and career growth at a sustainable cost structure.
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Consolidated Communications (CNSL) to release Q4 2023 financial results without earnings conference call due to pending acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) announced the approval of its acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Approximately 75% of disinterested shareholders voted to approve the merger agreement and the Proposed Transaction. The acquisition is expected to close by the first quarter of 2025, and after that, shares of Consolidated Communications common stock will no longer be traded or listed on any public securities exchange.
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Consolidated Communications Holdings, Inc. urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation. The Proposed Transaction offers $4.70 per share in cash, a 70% premium to Consolidated's share price as of April 12, 2023, and an 89% premium to one-month VWAP. Institutional Shareholder Services recommends voting 'FOR' the Proposed Transaction, emphasizing the financially compelling and certain value it offers.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The transaction offers a compelling valuation, with a 70% premium to the unaffected share price and a 9.6x LTM EBITDA multiple. The presentation emphasizes the elimination of liquidity, funding, and execution risks, as well as the downside risk of Consolidated's standalone plan due to liquidity constraints.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reminds shareholders to vote for the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, offering $4.70 per share in cash. The Special Meeting is scheduled for January 31, 2024.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, offering $4.70 per share in cash, representing a 70% premium to the share price as of April 12, 2023.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) has urged shareholders to vote FOR the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The Company emphasizes that the offer of $4.70 per share represents a significant cash premium and the best risk-adjusted outcome for shareholders, particularly in light of the significant risks associated with Consolidated’s prospects as a public company with limited access to capital. The Special Meeting is scheduled to be held on January 31, 2024, and shareholders of record as of December 13, 2023, will be entitled to vote at the meeting.
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Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is under investigation by Berman Tabacco for a take-private acquisition announced on October 16, 2023. The investigation is related to potential violations and breaches of fiduciary duty and other violations of state law by the Company's board of directors.
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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 $4.72 as of December 27, 2024.

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

The market cap of Consolidated Communications Holdings (CNSL) is approximately 559.2M.

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

559.17M
76.25M
2.35%
82.03%
3.73%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
MATTOON