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.
International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 index effective prior to trading on Monday, December 30, 2024. The change comes as Searchlight Capital Partners and British Columbia Investment Management (BCI) are finalizing their acquisition of Consolidated Communications. The transition will see International Seaways joining the index under the Energy sector, while Consolidated Communications will be removed from the Communication Services sector.
Consolidated Communications (Nasdaq: CNSL) has announced that it will release its third quarter 2024 financial results on Tuesday, November 5, before the market opens. The earnings press release will be available on the company's investor relations website at https://ir.consolidated.com/.
Notably, Consolidated Communications will not host an earnings conference call for this quarter. This decision is attributed to the pending acquisition of the company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management
Consolidated Communications (NASDAQ: CNSL) has awarded $50,000 in educational grants through its Consolidated Connects Educational Grant Program in 2024. The grants will support over 1,800 students at 12 schools, focusing on innovative, technology-driven learning programs. Since 2021, Consolidated has awarded more than $164,000 to 44 schools, benefiting over 15,000 students.
The grants support various initiatives, including:
- Upgrading classroom technology
- Improving robotics equipment
- Integrating drone technology
- Enhancing esports programs
- Expanding digital literacy resources
Jennifer Spaude, SVP of Corporate Communications, emphasized the importance of these investments in promoting curiosity and problem-solving skills among students. The 2025 grant application is scheduled to open for eligible schools in January.
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reported its Q2 2024 financial results. Key highlights include:
- Revenue: $268.7 million
- Consumer fiber broadband revenue: $45.4 million
- Consumer broadband net adds: 3,670
- Net loss: ($66.7 million)
- Adjusted EBITDA: $84.2 million
- Capital expenditures: $102.7 million
The company completed the sale of its Washington assets on May 1, 2024. CNSL is also in the process of being acquired by affiliates of Searchlight Capital Partners and British Columbia Investment Management in a $3.1 billion all-cash transaction, expected to close in late Q4 2024 or early Q1 2025.
Consolidated Communications (Nasdaq: CNSL) is set to release its second quarter 2024 financial results on Aug. 6, 2024, before the market opens. The earnings release will be available on the company's investor relations website. Due to the pending acquisition by affiliates of Searchlight Capital Partners, L.P., and British Columbia Investment Management , Consolidated Communications will not hold an earnings conference call.
Consolidated Communications announced that its Fidium Fiber brand has been awarded CNET’s Best Internet Providers of 2024. This recognition highlights Fidium's fast speeds, 100% fiber connection, and competitive pricing.
Since 2021, Consolidated has expanded its multi-gigabit fiber network to over 1.25 million homes and businesses across more than 20 states. Chief Operating Officer Gaurav Juneja praised the teams' efforts in delivering high-quality internet services, even to rural areas. CNET's evaluation considers factors like speed, pricing, and customer service, making this award a notable achievement for Consolidated.
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reported first quarter 2024 financial results with revenue totaling $274.7 million. The company saw an increase in consumer broadband revenue and commercial data services revenue. However, net loss was reported at ($47.2 million) with an increase in net interest expense. The company made significant capital expenditures and entered into a term loan agreement. Consolidated also completed the sale of its Washington assets and is pending acquisition by Searchlight Capital Partners, L.P. and British Columbia Investment Management
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) has finalized the sale of its Washington assets to Palisade Infrastructure on May 1, 2024. The divestiture is part of the Company's strategic asset review and focus on fiber expansion. The Washington operations included around 9,950 data connections, 8,500 access lines, and generated around $20 million in revenue in 2023. Lazard acted as the financial advisor for the transaction.
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