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Consolidated Communications Holdings, Inc., doing business as Consolidated Communications, is a broadband and business communications provider headquartered in Mattoon, Illinois. The company provides data, internet, voice, managed and hosted, cloud and IT services to business customers,[2] and internet, TV, phone and home security services to residential customers.[3] With 36,000 fiber route miles,[4] it is a top ten fiber provider in the U.S.[5], serving customers in 23 states[6].

Consolidated Communications
Public
Traded asNASDAQCNSL
S&P 600 Component
IndustryTelecommunications
Founded1894 (125 years ago) (1894) as the Mattoon Telephone Company in Mattoon, Illinois, United States
Headquarters,
United States
Key people
Bob Udell, President & CEO
ProductsData & Internet, Voice, Hosted & Managed, Cloud Services, Security Services, IT Services, Wholesale Services, TV, Residential Internet, Residential Phone, Home Security
RevenueIncrease US$ 1.1 billion (2017) [1]
Decrease US$ 38.6 million (2017) [1]
Increase US$ 65.0 million (2017) [1]
Total assetsIncrease US$ 3.72 billion (2017) [1]
Total equityIncrease US$ 568.0 million (2017) [1]
Number of employees
4,100 (2017) [1]
Websitewww.consolidated.com

Consolidated Communications began trading on the NASDAQ under ticker symbol CNSL in 2005.[7]

HistoryEdit

Consolidated Communications was founded as the Mattoon Telephone Company in 1894 by Dr. Iverson A. Lumpkin in Mattoon, Illinois. In 1924, the company became the Illinois Consolidated Telephone Company (ICTC) and began acquiring telephone companies in the region over the next several decades, including telephone companies in Christian County, Montgomery County, the Illinois Southeastern Telephone Company and the Effingham, Illinois exchange from Illinois Bell. In 1984, Consolidated Communications, Inc. (CCI) was formed as the parent company of ICTC, Consolidated Communications Directories and Consolidated Market Response.

In 1997, ICTC merged with McLeodUSA, but was purchased back in July 2002 by an investment group headed by ICTC Chairman and President Richard A. Lumpkin. The company name was then changed to Consolidated Communications.

StatesEdit

The company offers Internet, traditional landline phone or VoIP, Home Security, Premium Television, Web Hosting and wholesale data) in 23 states across the United States.[8]

Acquisition HistoryEdit

  • In April 2004, Consolidated Communications acquired Texas-based TXU Communications.[32]
  • In December 2007, Consolidated Communications acquired North Pittsburgh Systems Inc., including North Pittsburgh Telephone Company, Nauticom and Penn Telecom.[33]
  • In July 2012, Consolidated Communications acquired SureWest Communications, extending the company's reach to Roseville and Sacramento, California and Kansas City.[34]
  • In October 2014, Consolidated Communications acquired Enventis Corporation, formerly HickoryTech, adding operations in Minnesota, Iowa, Wisconsin, South Dakota and North Dakota to the company's portfolio.[35]
  • In July 2016, Consolidated Communications acquired Champaign Telephone Company (CTC), a business communications provider in the Champaign-Urbana, Illinois area.[36]
  • In July 2017, Consolidated Communications acquired FairPoint Communications, expanding the company's service area to 24 states.[37]

ReferencesEdit

  1. ^ a b c d e f "CNSL Income Statement - Consolidated Communications Hol Stock - Yahoo Finance". finance.yahoo.com.
  2. ^ "Business Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
  3. ^ "Residential Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
  4. ^ "Consolidated Communications Reports Third Quarter 2017 Results (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.
  5. ^ "From CenturyLink to FirstLight: Charting the top 13 fiber buyers in 2017 - FierceTelecom". www.fiercetelecom.com.
  6. ^ "Consolidated Communications Completes Divestiture of Virginia Properties - NASDAQ.com". NASDAQ.com. Retrieved August 22, 2018.
  7. ^ "Investor FAQs - Consolidated Communications Holdings". ir.consolidated.com. Retrieved January 25, 2018.
  8. ^ Consolidated state locations
  9. ^ Alabama: Consolidated services in AL
  10. ^ California: Consolidated services in CA
  11. ^ Colorado: Consolidated services in CO
  12. ^ Florida: Consolidated services in FL
  13. ^ Georgia: Consolidated services in GA
  14. ^ Illinois: Consolidated services in IL
  15. ^ Iowa: Consolidated services in IA
  16. ^ Kansas: Consolidated services in KS
  17. ^ Maine: Consolidated services in ME
  18. ^ Massachusetts: Consolidated services in MA
  19. ^ Minnesota: Consolidated services in MN
  20. ^ Missouri: Consolidated services in MO
  21. ^ New Hampshire: Consolidated services in NH
  22. ^ New York: Consolidated services in NY
  23. ^ North Dakota: Consolidated services in ND
  24. ^ Ohio: Consolidated services in OH
  25. ^ Oklahoma: Consolidated services in OK
  26. ^ Pennsylvania: Consolidated services in PA
  27. ^ South Dakokta: Consolidated services in SD
  28. ^ Texas: Consolidated services in TX
  29. ^ Vermont: Consolidated services in VT
  30. ^ Washington: Consolidated services in WA
  31. ^ Wisconsin: Consolidated services in WI
  32. ^ "CONSOLIDATED COMMUNICATIONS HOLDINGS INC". www.sec.gov. Retrieved January 25, 2018.
  33. ^ "Consolidated Communications Completes Acquisition of North Pittsburgh Systems, Inc. and Plans First Quarter 2008 Launch of IPTV Service in Pennsylvania (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.
  34. ^ "Consolidated Communications Completes Acquisition of SureWest Communications (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.
  35. ^ "Consolidated Communications Completes Acquisition of Enventis Corporation (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.
  36. ^ "Consolidated Communications Completes Acquisition of Champaign Telephone Company (CTC) (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.
  37. ^ "Consolidated Communications Completes FairPoint Acquisition (NASDAQ:CNSL)". ir.consolidated.com. Retrieved January 25, 2018.

External linksEdit