Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Earnings
Consolidated Communications reports Q3 adj. EPS 23c, consensus 15c » 08:35
10/29/20
10/29
08:35
10/29/20
08:35
CNSL

Consolidated Communications

$4.73 /

+0.015 (+0.32%)

Reports Q3 revenue…

Reports Q3 revenue $327.1M, consensus $323.47M. "Consolidated's very solid third quarter results demonstrate both the resiliency of our business and strong execution on improving revenue trends, growing adjusted EBITDA and strengthening the balance sheet," said Bob Udell, president and chief executive officer of Consolidated Communications. "Revenue growth trends in both broadband and data-transport services sequentially and year-over-year combined with lower operating expenses contributed to our strong third quarter results. We've made great progress with our capital allocation plan having successfully completed a global debt refinance which extends maturities, significantly increases liquidity and strengthens our balance sheet, enabling us to immediately pivot and implement our growth plans. Our new capitalization coupled with the strategic investment from Searchlight Capital Partners enables us to accelerate our fiber expansion plans and upgrade more than 1 million passings bringing significant benefits to customers. This multi-year, build plan will put us on a path to return to overall revenue growth," concluded Udell.

ShowHide Related Items >><<
CNSL Consolidated Communications
$4.73 /

+0.015 (+0.32%)

CNSL Consolidated Communications
$4.73 /

+0.015 (+0.32%)

CNSL Consolidated Communications
$4.73 /

+0.015 (+0.32%)

Over a month ago
Hot Stocks
Consolidated Communications joins National Cybersecurity Alliance » 08:15
10/09/20
10/09
08:15
10/09/20
08:15
CNSL

Consolidated Communications

$5.80 /

+0.07 (+1.22%)

Consolidated…

Consolidated Communications is joining the National Cybersecurity Alliance in a month-long effort to help consumers and businesses avoid online scams, phishing, ransomware and more. Each October, the National Cybersecurity Council teams up with members of the technology community to raise people's awareness off good online safety practices. This year especially, as our online lives have taken on even greater importance in staying connected to our work, school, and communities, Consolidated reminds consumers and businesses to stay vigilant. Consolidated Communications has accessible educational materials, easy-to-implement tips and additional resources available on consolidated.com/staysafeonline to help protect everything people connect. Consolidated also offers cybersecurity assessments and webinars for businesses.

ShowHide Related Items >><<
CNSL Consolidated Communications
$5.80 /

+0.07 (+1.22%)

CNSL Consolidated Communications
$5.80 /

+0.07 (+1.22%)

CNSL Consolidated Communications
$5.80 /

+0.07 (+1.22%)

Hot Stocks
Consolidated Communications introduces CCiTV to California, Illinois » 08:22
10/01/20
10/01
08:22
10/01/20
08:22
CNSL

Consolidated Communications

$5.69 /

-0.015 (-0.26%)

Consolidated…

Consolidated Communications is introducing CCiTV to residential and small and medium business customers in its California and Illinois service areas. Available on Oct. 2, CCiTV offers flexible, easy-to-use TV programming to customers when they want it, where they want it and how they want it.

ShowHide Related Items >><<
CNSL Consolidated Communications
$5.69 /

-0.015 (-0.26%)

CNSL Consolidated Communications
$5.69 /

-0.015 (-0.26%)

CNSL Consolidated Communications
$5.69 /

-0.015 (-0.26%)

Hot Stocks
Consolidated Communications to receive up to $425M investment » 07:31
09/14/20
09/14
07:31
09/14/20
07:31
CNSL

Consolidated Communications

$6.78 /

-0.26 (-3.69%)

Consolidated…

Consolidated Communications announced that it has entered into an agreement with an affiliate of Searchlight, in connection with which affiliates of Searchlight have committed to invest up to an aggregate of $425M in the company. The investment has been unanimously approved by the Consolidated board. In connection with the investment from Searchlight, Consolidated will reduce net debt by $325M and launch a refinancing of substantially all of its remaining $2B of outstanding debt to extend debt maturities and enhance liquidity through an upsize in revolver capacity. As a result, Consolidated expects to have access to additional capital to accelerate fiber deployment and the company expects to reduce its net leverage ratio to 3.5x upon the receipt of the entire $425M investment. The company intends to use the proceeds from this investment to enhance its fiber infrastructure and accelerate investments in high-growth areas of its business. The first stage of the investment is not subject to any regulatory approvals and is expected to occur concurrently with the refinancing, subject to the satisfaction of customary conditions. The second stage of the investment is subject to certain regulatory approvals and other customary closing conditions. The parties expect to close the second stage of the investment in mid-2021, subject to satisfaction of these conditions.

ShowHide Related Items >><<
CNSL Consolidated Communications
$6.78 /

-0.26 (-3.69%)

CNSL Consolidated Communications
$6.78 /

-0.26 (-3.69%)

CNSL Consolidated Communications
$6.78 /

-0.26 (-3.69%)

Over a quarter ago
Hot Stocks
Consolidated Communications awarded $3.5M in grants from New Hampshire » 06:10
08/07/20
08/07
06:10
08/07/20
06:10
CNSL

Consolidated Communications

$7.77 /

+0.11 (+1.44%)

Consolidated…

Consolidated Communications announced plans to partner with the state of New Hampshire and local towns to invest nearly $18M to expand and enhance broadband services across the state. Consolidated was awarded $3.5M in grants from the state's Connecting New Hampshire - Emergency Broadband Expansion Program to build high-speed, fiber-to-the-premises Internet networks to homes and businesses in Danbury, Springfield, and Mason. The company also received a separate grant to upgrade existing Internet services in the town of Errol. These grants will provide new and enhanced Internet services to more than 2,500 residents and businesses in New Hampshire. Consolidated will invest nearly $1.5M to support these projects.

ShowHide Related Items >><<
CNSL Consolidated Communications
$7.77 /

+0.11 (+1.44%)

CNSL Consolidated Communications
$7.77 /

+0.11 (+1.44%)

CNSL Consolidated Communications
$7.77 /

+0.11 (+1.44%)

Periodicals
Consolidated Communications exploring options, Dealreporter says » 10:14
07/30/20
07/30
10:14
07/30/20
10:14
CNSL

Consolidated Communications

$6.96 /

+0.905 (+14.95%)

Consolidated…

Consolidated Communications has hired Wells Fargo and Morgan Stanley to help it explore strategic alternatives, according to Dealreporter's Jon Berke and Matt O'Brien. A review of strategic options began under the company's capital allocation plan that was announced last year but "the road to finding a buyer has become more difficult" in the last few weeks, the report said, according to contacts. Sources tell Dealreporter that several potential suitors withdrew from negotiations as they determined they were unable to take the entire company private, contacts tell The Fly that the M&A publication said.

ShowHide Related Items >><<
CNSL Consolidated Communications
$6.96 /

+0.905 (+14.95%)

CNSL Consolidated Communications
$6.96 /

+0.905 (+14.95%)

CNSL Consolidated Communications
$6.96 /

+0.905 (+14.95%)

Periodicals
Consolidated Communications exploring strategic alternatives, Dealreporter says  10:11
07/30/20
07/30
10:11
07/30/20
10:11
CNSL

Consolidated Communications

$6.86 /

+0.805 (+13.29%)

 
ShowHide Related Items >><<
CNSL Consolidated Communications
$6.86 /

+0.805 (+13.29%)

CNSL Consolidated Communications
$6.86 /

+0.805 (+13.29%)

CNSL Consolidated Communications
$6.86 /

+0.805 (+13.29%)

Earnings
Consolidated Communications reports Q2 adj. EPS 21c, consensus 10c » 08:07
07/30/20
07/30
08:07
07/30/20
08:07
CNSL

Consolidated Communications

$6.06 /

+0.015 (+0.25%)

Reports Q2 revenue…

Reports Q2 revenue $352.2M, consensus $32.57M. "I'm pleased to report we had another strong quarter, delivering revenue growth in both broadband and data-transport services, while decreasing operating expenses and increasing Adjusted EBITDA," said Bob Udell, president and chief executive officer of Consolidated Communications. "Our business remains strong and we continue to operate seamlessly through this unprecedented time. As a critical infrastructure provider, we are laser focused on supporting our residential, business and carrier customers with flexible solutions that meet their unique needs right now - whether at home, at work, at a tower or at a data center. The safety and wellness of our employees and customers remain our number one priority. For the fifth consecutive quarter, we grew broadband revenue by leveraging our speed improvements," added Udell. "Additionally, we reduced our debt leverage from 4.33x at the end of 2019 to 4.14x as we further execute on our delever first strategy. Through high-return fiber investments and innovative public-private partnerships, we are delivering results where we invest and executing on a strategy that positions us well for continued growth."

ShowHide Related Items >><<
CNSL Consolidated Communications
$6.06 /

+0.015 (+0.25%)

CNSL Consolidated Communications
$6.06 /

+0.015 (+0.25%)

CNSL Consolidated Communications
$6.06 /

+0.015 (+0.25%)

Hot Stocks
Consolidated Communications introduces CCiTV in Texas » 14:01
06/29/20
06/29
14:01
06/29/20
14:01
CNSL

Consolidated Communications

$6.35 /

+0.27 (+4.44%)

Consolidated…

Consolidated Communications introduced CCiTV to residential and small and medium business customers in its Texas service areas. "We're excited to bring this new, one-of-a-kind TV service to Texas," said Rob Koester, senior vice president of consumer product management at Consolidated Communications. "CCiTV breaks the traditional mold of television services by removing the two biggest pain points customers experience when dealing with traditional providers - weather-related outages and never-ending fees on the bill. Customers have the flexibility to watch on a TV, computer, tablet or phone and use their own streaming device, like Amazon Fire TV and Apple TV, or receive a set-top box from Consolidated." Consolidated's CCiTV provides a fully customizable, cloud-enabled TV experience that supports individual preferences, parental controls and viewing recommendations. The service's bring-your-own-device functionality creates a highly flexible in-home viewing experience that serves a wide variety of viewing habits. It can be delivered in high-definition quality to a big-screen TV, as well as to tablets and mobile devices through compatibility with a wide variety of Apple iOS-, Amazon- and Android-supported devices. CCiTV delivers content from the most popular networks including: A+E, USA, FX, ESPN, Longhorn Network, HBO, Showtime, local broadcast channels, regional sports networks and others.

ShowHide Related Items >><<
CNSL Consolidated Communications
$6.35 /

+0.27 (+4.44%)

CNSL Consolidated Communications
$6.35 /

+0.27 (+4.44%)

CNSL Consolidated Communications
$6.35 /

+0.27 (+4.44%)

Periodicals
Consolidated Communications conducting strategic review, TMT Finance says » 10:53
05/27/20
05/27
10:53
05/27/20
10:53
CNSL

Consolidated Communications

$5.68 /

-0.045 (-0.79%)

Consolidated…

Consolidated Communications is conducting a strategic review with the help of a bank, TMT Finance reported, according to contacts and Bloomberg's account of the M&A-focused site's report.

ShowHide Related Items >><<
CNSL Consolidated Communications
$5.68 /

-0.045 (-0.79%)

CNSL Consolidated Communications
$5.68 /

-0.045 (-0.79%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.