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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.

News

Consolidated Communications Announces Third Quarter Financial Results

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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reported Q3 2023 results, including $283.7M revenue and a net loss of $69.2M. The company also announced an agreement to be acquired by Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation in a $3.1B all-cash transaction.
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Wildcat Capital Management Sends Letter to Consolidated Communications' Board of Directors Opposing Take Private Transaction at $4.70 Per Share

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Wildcat Capital Management, LLC, a major stockholder of Consolidated Communications Holdings, Inc. (CNSL), has issued an open letter to CNSL's Board of Directors opposing the proposed transaction with affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Wildcat believes the takeover offer undervalues CNSL's equity and suggests an enterprise value of approximately $4 billion, representing a 30% premium to the proposed transaction. Wildcat intends to vote against the transaction and encourages other stockholders to do the same.
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Consolidated Communications Announces Agreement to be Acquired by Searchlight Capital Partners and British Columbia Investment Management Corporation

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Consolidated Communications Holdings, Inc. has entered into a definitive agreement to be acquired by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation in an all-cash transaction worth $3.1 billion. Shareholders will receive $4.70 per share in cash, representing a 70% premium. The transaction has been unanimously approved by a special committee of independent directors and is expected to close by the first quarter of 2025.
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Consolidated Communications Announces Second Quarter Financial Results; Delivers 93% Growth in Consumer Fiber Net Adds

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Consolidated Communications Holdings, a top 10 fiber provider in the U.S. (Nasdaq: CNSL) reported second-quarter results for 2023. The company added 18,651 fiber net adds, grew consumer fiber broadband revenue by 58%, increased ARPU by 5.1%, and upgraded 57,438 locations to fiber Gigabit+ speeds. They also entered an agreement to sell non-core Washington assets for gross proceeds of $73 million and announced business simplification and cost-cutting initiatives expected to generate annualized cost savings of over $30 million.
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Palisade Infrastructure Announces Transaction with Consolidated Communications

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Palisade Infrastructure has entered into an agreement to acquire Consolidated Communications' assets in Washington State. The transaction includes incumbent networks in Ellensburg and Yelm, with plans to accelerate the build-out of the fiber network in these markets. This is Palisade's second broadband investment in Washington State. The company aims to develop a regional platform for fiber and high-speed broadband connectivity.
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Consolidated Communications to Release Second Quarter 2023 Earnings on Aug. 8

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Wildcat Capital Management Issues Letter to Consolidated Communications' Special Committee Urging it to Reject the Recent "Take Private" Proposal at $4.00 Per Share

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Fidium adds 10,000-plus new fiber internet locations in Vermont; more than 114,000 Vermonters will have multi-gig access by year’s end

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One Third of Mainers Now Have Access to Gigabit-Speed Internet Accessible Homes, Thanks to Fidium

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SoVT CUD Set to Become First to Reach Universal Broadband Coverage by Year-End With Fidium Fiber Expansion

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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.
Stock CNSL logo
Consolidated Communications Holdings, Inc.

Nasdaq:CNSL

CNSL Rankings

#3034 Ranked by Market Cap
N/A Ranked by Dividends

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