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.
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.
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