Thu, Aug. 27, 12:34 PM
- Consolidated Communications (CNSL -0.5%) is accepting $14M in the FCC's Connect America funding annually to deploy rural broadband to 24,700 locations across seven states.
- The company has an 11-state footprint. "This $14 million in annual funding is dedicated to the high-cost, rural areas where it would not otherwise be economically feasible to offer broadband services," says CEO Bob Udell.
- As with all Connect America Fund Phase II buildouts, the company must provide at least 10 Mbps downstream and 1 Mbps up.
- Previously: CenturyLink taking on $3B in federal funds for rural broadband (Aug. 27 2015)
Thu, Aug. 20, 6:46 PM
- Small and mid-sized providers including CenturyLink (NYSE:CTL), Consolidated Communications (NASDAQ:CNSL), FairPoint (NASDAQ:FRP), Mediacom and Telephone and Data Systems (NYSE:TDS) are pressing the FCC to rework its rules on retransmission consent, to address a "lack of transparency" in negotiations.
- Retrans negotiations are tough headwinds for IPTV providers who are looking to enter new markets where cable providers have a dominant position.
- They note FCC Chairman Tom Wheeler has estimated that retrans consent fees rose by nearly 8,600% between 2005 and 2012, and are calling for broadcasters to show more info to back up bargaining claims -- such as documenting "market prices" -- to satisfy the "good faith" requirement in negotiations.
- The companies are pushing expansion into new areas even as established cablecos like Comcast and Time Warner Cable hold near-monopoly positions there.
Thu, Aug. 6, 7:10 AM
Wed, Aug. 5, 5:30 PM
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Mon, Aug. 3, 12:59 PM
Mon, Jun. 8, 1:10 PM
- Consolidated Communications (NASDAQ:CNSL) is launching gigabit fiber Internet service in the Houston area, its second market for that speed after Kansas City.
- The 1-gig speed is based off the company's fiber network in Conroe and Katy, Texas, and the company says it's available immediately for $69.95/month with no build fees.
- The company also closed its sale of $300M in 6.5% senior notes, due 2022. The notes were priced at 98.26% of par, resulting in proceeds of about $294.8M, to be used to repay 10.875% notes and part of its revolving facility.
Wed, Jun. 3, 8:00 PM
Wed, Jun. 3, 3:33 PM
- Consolidated Communications Holdings (CNSL +0.4%) says it's planning to offer $300M in senior notes.
- The notes -- $300M in principal of 6.5% notes due 2022 -- are additional notes under an indenture. Its subsidiary Consolidated Communications Inc. previously assumed $200M in 6.5% notes due 2022 from its finance-company unit.
- The company plays to use proceeds to redeem all of its outstanding 10.875% notes due 2020 as well to repay part of its revolving facility.
Thu, May 7, 10:56 AM
- Consolidated Communications (NASDAQ:CNSL) is 4.8% lower this morning after Q1 revenue missed expectations and declined slightly on a pro forma basis.
- EBITDA of $79.7M beat an expected $78M.
- Revenue breakout (pro forma comparisons): Commercial and carrier, $73.7M (up 3.7%); Consumer, $69.3M (down 0.4%); Equipment sales and service, $10.9M (down 11.4%); Subsidies, $14.4M (down 1.9%); Network access, $19.4M (down 9.7%); other, $4.9M (up 2%).
- Voice connections were 498.1K (down 4.1% Y/Y); data and Internet connections of 446.6K (up 1.6%); video connections of 123.2K (down 1%). Consumer ARPU came in at $84.13, up 2.8% from the prior year.
- The company reiterated its full-year guidance on capex ($122M-$129M) and cash interest expense ($78M-$81M).
- Conference call begins shortly, at 11 a.m. ET.
- Press Release
Thu, May 7, 7:06 AM
Wed, May 6, 5:30 PM
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Tue, May 5, 11:27 AM
Thu, Mar. 5, 4:13 PM| Thu, Mar. 5, 4:13 PM | 1 Comment
Thu, Feb. 26, 9:08 AM
- Consolidated Communications (NASDAQ:CNSL) is down 2.4% premarket after missing on top and bottom lines despite growing revenue 25%.
- EBITDA of $80.6M missed an expected $83.2M, and was down from the prior year's $82.3M.
- Total connections of 849.5K were down 1.4% Y/Y: Data connections, up 3.1% to 289.7K; video connections, up 0.5% to 122.8K; voice connections, down 4.6% to 437K.
- The company's guiding to capex of $122M-$129M in 2015, down from 2014's $131.3M. It expects cash interest expense of $78M-$81M vs. 2014's $81.4M.
- Conference call at 11 a.m. ET.
- Press release
Thu, Feb. 26, 7:19 AM
Wed, Feb. 25, 5:30 PM
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CNSL vs. ETF Alternatives
Consolidated Communications Inc provides communication services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.
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