Consolidated Communications Explained

Consolidated Communications Holdings, Inc.
Trade Name:	Consolidated Communications
Type:	Public
Traded As:	NASDAQ: S&P 600 component
Industry:	Telecommunications
Foundation:	, as the Mattoon Telephone Company in Mattoon, Illinois, U.S.
Location City:	Mattoon, Illinois
Location Country:	U.S.
Key People:	Bob Udell (president & CEO)
Products:	Data & internet, voice, hosted & managed, cloud services, security services, IT services, wholesale services, TV, residential internet, residential phone, home security
Revenue:	US$ 1.2 billion (2022) ^[1]
Operating Income:	US$ 42.8 million (2022)
Net Income:	US$ 100.0 million (2022)
Assets:	US$ 3.8 billion (2022)
Equity:	US$ 1.0 billion (2022)
Num Employees:	3,200 (2022)

Consolidated Communications Holdings, Inc., doing business as Consolidated Communications, is an American 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 began trading on the NASDAQ under ticker symbol CNSL in 2005.^[7]

History

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.^[8]

In 1997, CCI merged with McLeodUSA,^[9] but was purchased back in 2002 by ICTC Chairman and President Richard A. Lumpkin and investors.^[10] The company name was then changed to Consolidated Communications.

States

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.^[11]

Acquisition History

• In April 2004, Consolidated Communications acquired Texas-based TXU Communications.^[12]
• In December 2007, Consolidated Communications acquired North Pittsburgh Systems Inc., including North Pittsburgh Telephone Company, Nauticom and Penn Telecom.^[13]
• In July 2012, Consolidated Communications acquired SureWest Communications, extending the company's reach to Roseville and Sacramento, California and Kansas City.^[14]
• 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.^[15]
• In July 2016, Consolidated Communications acquired Champaign Telephone Company (CTC), a business communications provider in the Champaign-Urbana, Illinois area.^[16]
• In July 2017, Consolidated Communications acquired FairPoint Communications, expanding the company's service area to 24 states.^[17]

External links

• • Official web portal

Notes and References

1. Web site: CNSL Income Statement - Consolidated Communications Hol Stock - Yahoo Finance. finance.yahoo.com.
2. Web site: Business Services Consolidated Communications. www.consolidated.com. en-US. 2018-01-25.
3. Web site: Residential Services Consolidated Communications. www.consolidated.com. en-US. 2018-01-25.
4. Web site: Consolidated Communications Reports Third Quarter 2017 Results (NASDAQ:CNSL). ir.consolidated.com. en. 2018-01-25. https://web.archive.org/web/20180125135107/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=1046733. January 25, 2018. dead.
5. Web site: From CenturyLink to FirstLight: Charting the top 13 fiber buyers in 2017 - FierceTelecom. www.fiercetelecom.com.
6. News: Consolidated Communications Completes Divestiture of Virginia Properties - NASDAQ.com. NASDAQ.com. 2018-08-22. en-us.
7. Web site: Investor FAQs - Consolidated Communications Holdings. ir.consolidated.com. en. 2018-01-25.
8. Web site: Richard Lumpkin Obituary (1935 - 2019) - Carmel Valley, Calif, CA - Chicago Tribune . 2023-12-12 . Legacy.com.
9. News: McLeod to Expand Holdings With Phone Carrier Purchase. Keller. John. 1997-06-16. Wall Street Journal. 2020-01-15. en-US. 0099-9660.
10. Web site: Richard Anthony Lumpkin. Herald-Review.com. en. 2020-01-15.
11. https://www.consolidated.com/about-us/locations Consolidated state locations
12. Web site: CONSOLIDATED COMMUNICATIONS HOLDINGS INC.. www.sec.gov. 2018-01-25.
13. Web site: 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. en. 2018-01-25. https://web.archive.org/web/20180125135006/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=472769. January 25, 2018. dead.
14. Web site: Consolidated Communications Completes Acquisition of SureWest Communications (NASDAQ:CNSL). ir.consolidated.com. en. 2018-01-25. https://web.archive.org/web/20180125134821/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=688516. January 25, 2018. dead.
15. Web site: Consolidated Communications Completes Acquisition of Enventis Corporation (NASDAQ:CNSL). ir.consolidated.com. en. 2018-01-25. https://web.archive.org/web/20180126012415/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=876629. January 26, 2018. dead.
16. Web site: Consolidated Communications Completes Acquisition of Champaign Telephone Company (CTC) (NASDAQ:CNSL). ir.consolidated.com. en. 2018-01-25. https://web.archive.org/web/20180125135004/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=977989. January 25, 2018. dead.
17. Web site: Consolidated Communications Completes FairPoint Acquisition (NASDAQ:CNSL). ir.consolidated.com. en. 2018-01-25. https://web.archive.org/web/20180126012413/http://ir.consolidated.com/releasedetail.cfm?ReleaseID=1032026. January 26, 2018. dead.