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 Holdings, Inc. (NASDAQ: CNSL) announced the completion of a $490 million sale of limited partnership interests in five wireless partnerships to Verizon Wireless. The company will utilize these funds to bolster its fiber network expansion, specifically under its Fiber to the Premises (FttP) plan. CEO Bob Udell emphasized the sale's role in supporting the growth and transformation towards a fiber-first broadband provider. The company reported net positive broadband additions in the last quarter, indicating progress in their growth strategy.
Consolidated Communications (NASDAQ: CNSL) announced its educational grant program, Consolidated Connects, accepting applications from Sept. 1 to Oct. 14. This initiative funds K-12 programs within its service area, having awarded $60,000 to 20 schools since 2021. The grants support innovative projects such as robotics clubs and eSports. The program aims to enhance critical thinking and technological skills among students, reinforcing the company's commitment to community investments.
Consolidated Communications has launched its Fidium Fiber service in Bennington County, Vermont, providing multi-gigabit internet access to 12,000 homes, including 400 previously unserved. This initiative, a collaboration between Southern Vermont Communication Union District and Consolidated Communications, aims to enhance connectivity in rural areas. The affordable pricing starts at
Consolidated Communications (CNSL) reported a strong second quarter 2022, achieving net-positive total consumer broadband connections for the first time in seven years. The company added a record 9,600 fiber subscribers, reflecting a threefold increase year-over-year. Consolidated has built fiber to 142,300 new locations, now passing over 800,000. Additionally, a $490 million agreement to sell wireless investments to Verizon will fund fiber expansion, while the company has made over $600 million in non-core asset divestitures. However, 2022 EBITDA guidance has been revised down to $400-$410 million.
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) announced a strategic agreement to sell its limited partnership interests in five wireless partnerships to Cellco Partnership for $490 million. The proceeds will be reinvested to bolster the Company’s Fiber to the Premises (FttP) expansion plan. The transaction is expected to close by the end of 2022, contingent on specific conditions. Additionally, CNSL will disclose its second-quarter earnings on August 2, 2022, complemented by a conference call at 8:30 a.m. ET.
Consolidated Communications (CNSL) has announced that CEO Bob Udell will present at Cowen’s 8th Annual Communications Infrastructure Summit on August 11, 2022, at 10:50 a.m. ET. The company will also arrange one-to-one meetings with investors. A live webcast of this event will be available on Consolidated's Investor Relations website. Consolidated Communications is a leading provider of high-speed internet, data, phone, and other communication services, with over 50,000 fiber route miles in its network.
Fidium Fiber has launched its multi-gig-speed internet service in
Consolidated Communications has expanded its Fidium Fiber service to over 27,000 homes in Concord, N.H., providing multi-gig-speed internet. The service features symmetrical speeds from 50 Mbps to 2 Gigs, with no contracts and no data caps. Pricing starts at $70 per month for 1 Gig and $165 per month for 2 Gigs. Fidium plans include WiFi 6 technology, a whole-home mesh experience, and a robust customer portal. The company's aim is to enhance local economic development and improve residents' quality of life through better internet access.
Consolidated Communications (CNSL) will release its second quarter 2022 financial results on August 4 before the market opens. A live conference call is scheduled for 7:30 a.m. CT on the same day, accessible via the company's Investor Relations website. Analysts and investors can participate via phone by dialing 888-440-5977 with conference ID 8956400. The call will be available for replay until August 11.
Consolidated is a leading provider of communications solutions with over 50,000 fiber route miles in its network.
