Consolidated Communications Holdings, Inc.NASDAQ
Thu, Sep. 1, 5:27 PM
- Consolidated Communications (NASDAQ:CNSL) has closed on the sale of its Heartland Telecommunications unit, to Mutual Telephone (also known as Premier) and Winnebago Cooperative Telecom Association.
- The sale was set in May, and brings about $20.9M in cash in the end. It's a move for Consolidated to focus on its core regions, and turn over its Iowa exchanges.
- Heartland contributed about $7M in revenue in fiscal 2015.
Fri, Jul. 1, 10:44 AM
- Consolidated Communications (CNSL -1.3%) has wrapped its acquisition of Champaign Telephone and its sibling Big Broadband Services.
- Acquiring the privately held business adds 1,500 business customers to Consolidated's roster from around Champaign, Ill. It adds 275 fiber route miles as well as 310 lit buildings.
- Consolidated had agreed to a deal in April where it would pay $13M in cash.
- CTC had fiscal 2015 revenue of about $10M.
Tue, May 3, 11:36 AM
- Consolidated Communications (CNSL -3.8%) is selling its Heartland Telecommunications unit in order to focus on core regions.
- Mutual Telephone Co. (also known as Premier) and Winnebago Cooperative Telecom Association will take control of the operations, which have been Iowa-based, for about $22.5M in cash.
- Winnebago takes over a pair of exchanges in Iowa, while Premier will take over a number of other exchanges in the state. The operations contributed about $7M in revenue in 2015.
- The closing's expected to come in the second half.
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Mon, Apr. 18, 4:40 PM
- Consolidated Communications (NASDAQ:CNSL) has agreed to acquire Illinois-based Champaign Telephone Co. and its affiliate Big Broadband Services.
- The firm is paying $13M in cash, and the deal is expected to close in Q3.
- CTC has grown from a small PBX provider in 1984 to a regional provider of various networking services, with a clientele of about 1,500 business customers. It posted fiscal 2015 revenue of about $10M.
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Feb. 6, 2012, 7:15 AM