Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
United StatesIPO:
22 July 2005Website:
http://www.consolidated.comNext earnings report:
05 March 2025Last dividends:
12 April 2019Next dividends:
N/APrice
regular market | 8 min agoDividend
Analysts recommendations
Institutional Ownership
CNSL Latest News
MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading broadband and business communications provider, awarded $50,000 in educational grants, supporting more than 1,800 students at 12 schools in 2024 through its Consolidated Connects Educational Grant Program. Consolidated Connects funds grants for K-12 schools within the company's service area that provide innovative, technology-focused learning programs to advance creative student learning, develop 21st century s.
Consolidated Communications investor Charles Frischer said on Monday he plans to vote against the broadband services provider's $3.1 billion take-private deal with an investor consortium, becoming the latest shareholder to oppose the sale.
Wildcat Capital Management, a top shareholder in Consolidated Communications Holdings , said on Friday it plans to vote against its $3.1 billion takeover by an investor consortium, as it undervalues the broadband services provider.
Affiliates of a private equity firm are taking the company private. Consolidated is running up against obstacles in completing its fiber expansion.
Consolidated Communications Holdings Inc. CNSL, -1.12% said Monday it agreed to be taken private by affiliates of Searchlight Capital Partners LP and British Columbia Investment Management Corp in an all-cash deal that values the Mattoon, Ill.-based broadband company at $3.1 billion.
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q2 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Philip Kranz - Senior Director of Investor Relations Bob Udell - President and Chief Executive Officer Fred Graffam - Chief Financial Officer Conference Call Participants Michael Rollins - Citi Operator Good morning. My name is Sarah, and I will be your conference operator today.
Wildcat Capital Management LLC, which manages the wealth of buyout firm TPG Inc's co-founder David Bonderman, has asked Consolidated Communications Holdings Inc to reject an offer to take the company private for $2.9 billion including debt.
A bid for Consolidated Communications (US:CNSL) by activist investors Searchlight Capital Partners and British Columbia Investment Management to acquire all outstanding shares of the company for $4.00 each could be read in several ways.
This is an interesting non-binding merger arb situation. Telecommunications provider Consolidated Communications has received an acquisition bid from a buyer consortium led by its largest shareholder Searchlight Capital Partners (owns 34%).
The company should reject the $4 buy-out offer as the company has plenty of potential for the upcoming years. The company pivoted from a low margin copper-based communications business into a strong fiber business.
What type of business is Consolidated Communications Holdings?
Consolidated Communications Holdings, Inc., together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions. The company also provides voice services, such as local phone and long-distance services; and high-speed fiber data transmission services to regional and national interexchange; and wireless carriers, including Ethernet, cellular backhaul, dark fiber, and colocation services. In addition, it sells business equipment, as well as offers related hardware and maintenance support, video, and other miscellaneous services. Further, the company offers video services comprising high-definition television, digital video recorders (DVR), and/or a whole home DVR; and in-demand streaming TV services that provide endless entertainment options. Additionally, it provides network access services that include interstate and intrastate switched access, network special access, and end user access; and telephone directory publishing, video advertising, billing and support, and other miscellaneous services. The company was founded in 1894 and is headquartered in Mattoon, Illinois.
What sector is Consolidated Communications Holdings in?
Consolidated Communications Holdings is in the Communication Services sector
What industry is Consolidated Communications Holdings in?
Consolidated Communications Holdings is in the Telecom Services industry
What country is Consolidated Communications Holdings from?
Consolidated Communications Holdings is headquartered in United States
When did Consolidated Communications Holdings go public?
Consolidated Communications Holdings initial public offering (IPO) was on 22 July 2005
What is Consolidated Communications Holdings website?
https://www.consolidated.com
Is Consolidated Communications Holdings in the S&P 500?
No, Consolidated Communications Holdings is not included in the S&P 500 index
Is Consolidated Communications Holdings in the NASDAQ 100?
No, Consolidated Communications Holdings is not included in the NASDAQ 100 index
Is Consolidated Communications Holdings in the Dow Jones?
No, Consolidated Communications Holdings is not included in the Dow Jones index
When was Consolidated Communications Holdings the previous earnings report?
No data
When does Consolidated Communications Holdings earnings report?
The next expected earnings date for Consolidated Communications Holdings is 05 March 2025