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 (NASDAQ: CNSL) announced that CEO Bob Udell will present at the Wells Fargo Streaming & Connectivity Day Conference on June 14, 2022, at 10:15 a.m. ET. The event will feature one-to-one meetings with investors and a live webcast available at Consolidated's Investor Relations website.
As a leading U.S. fiber provider, Consolidated delivers a range of communications solutions, including high-speed internet and cloud services, supported by over 50,000 fiber route miles.
Consolidated Communications (NASDAQ: CNSL) has announced that construction is underway in Bennington County, Vermont, allowing 12,000 homes to access Fidium Fiber gig-speed internet for $70/month. This service offers symmetrical speeds that are 10 times faster than the national average. The first phase of the project aims to serve 400 unserved homes with a partnership involving state funding and the Rural Digital Opportunity Fund. Consolidated aims to expand fiber internet to 200,000 homes by 2025.
Consolidated Communications (NASDAQ: CNSL) announced a partnership with Searsport and a $2 million ConnectMaine grant to expand Fidium Fiber internet service in rural Maine. This initiative aims to bring gigabit fiber internet to 2,000 homes, significantly enhancing broadband accessibility in the region. The company plans to connect over 450,000 homes across Maine by 2025. Fidium offers high-speed plans starting at $35 per month, facilitating better work, education, and entertainment opportunities for residents.
Consolidated Communications (CNSL) reported a record addition of 8,000 fiber subscribers in Q1 2022, achieving net positive broadband connections in Northern New England. The company built fiber to 83,700 new locations, totaling 690,000 or 25% of its service area. While revenues reached $300.3 million, adjusted EBITDA was $107.2 million. However, a non-cash impairment charge of $126.5 million led to a GAAP net loss of $125.3 million. The company expects to close sales of its Ohio and Kansas City assets to support fiber expansion, reaffirming its 2022 outlook with EBITDA guidance of $410-$425 million.
Consolidated Communications (NASDAQ: CNSL) is expanding its Fidium Fiber internet service to 50 markets across California, Illinois, Minnesota, Pennsylvania, and Texas. More than 300,000 homes will gain access this month, with an additional 93,000 by year-end 2022. Fidium offers high-speed internet with speeds up to 10 times faster than the national average for just $70 per month, including installation. This expansion allows approximately 25% of Consolidated's service area to access Fidium, enhancing community connectivity and economic development.
Consolidated Communications (NASDAQ: CNSL) is enhancing broadband access through the federal Affordable Connectivity Program (ACP), offering eligible households a credit of up to
Consolidated Communications (NASDAQ: CNSL) has signed its first two community solar agreements, enhancing its sustainability initiatives. The contracts, located in Maine and Minnesota, aim to generate significant renewable energy credits, supporting local economies and environmental conservation. The Maine subscription of 5.3 MW could produce 6.47 million kWh annually, sufficient to power 603 U.S. households. Meanwhile, the Minnesota agreements will yield 3.09 million kWh for 288 households. The company intends to formalize its emissions footprint study to implement future sustainability projects.
Consolidated Communications announced its Fidium Fiber service expansion in Maine, aiming to be the largest Fiber-to-the-Home provider in the state. Fidium, offering gigabit speeds without data caps for
Consolidated Communications (NASDAQ: CNSL) will announce its first quarter 2022 financial results on May 5, ahead of market opening. A live webcast and conference call will take place at 7:30 a.m. CT, allowing analysts and investors to engage in a Q&A session. The relevant materials, including the earnings release and investor presentation, will be accessible on the company's Investor Relations website. A phone replay of the call will be available until May 16.
Consolidated Communications (NASDAQ: CNSL) has released its 2021 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability and community engagement. The report outlines key ESG initiatives, including significant investments exceeding $364 million for broadband in rural areas and achievements in reducing emissions and enhancing diversity. CEO Bob Udell emphasized the company's role in providing reliable services and fostering strong community connections. Detailed ESG activities are available at consolidated.com/esg.
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