Misplaced Pages

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Consolidated Communications" – news · newspapers · books · scholar · JSTOR (July 2016) (Learn how and when to remove this message)

Consolidated Communications Holdings, Inc.

Company type	Private
Traded as	Nasdaq: CNSL
Industry	Telecommunications
Founded	1894; 131 years ago (1894), as the Mattoon Telephone Company in Mattoon, Illinois, U.S.
Headquarters	Mattoon, Illinois, 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)
Operating income	US$ 42.8 million (2022)
Net income	US$ 100.0 million (2022)
Total assets	US$ 3.8 billion (2022)
Total equity	US$ 1.0 billion (2022)
Number of employees	3,200 (2022)
Website	www.consolidated.com

Consolidated Communications Holdings, Inc. is an American broadband and business communications provider headquartered in Mattoon, Illinois. With 36,000 fiber route miles, it is a top ten fiber provider in the U.S., serving customers in 23 states.

The company provides data, internet, voice, managed and hosted, cloud and IT services to business customers, and internet, TV, phone, and home security services to residential customers. It began trading on the NASDAQ under ticker symbol CNSL in 2005.

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. In 2002, five years after CCI merged with McLeodUSA, the firm was acquired by a group of investors led by ICTC Chairman and President Richard A. Lumpkin, and its name was changed to Consolidated Communications.

In December 2024, Consolidated Communications Holdings, Inc. announced that it had completed its merger with Condor Merger Sub Inc., a subsidiary of Condor Holdings LLC, with investment funds managed by Searchlight Capital Partners and British Columbia Investment Management Corporation. As a result of the merger, the board of directors of Consolidated Communications resigned, and the directors of Condor Merger Sub Inc. took over the roles.

States

The company offers internet, traditional landline phone or VoIP, home security, pay television, web hosting, and wholesale data) in 23 states across the United States.

Acquisition History

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

References

1. ^ "CNSL Income Statement - Consolidated Communications Hol Stock - Yahoo Finance". finance.yahoo.com.
2. "Consolidated Communications Reports Third Quarter 2017 Results (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
3. "From CenturyLink to FirstLight: Charting the top 13 fiber buyers in 2017 - FierceTelecom". www.fiercetelecom.com.
4. "Consolidated Communications Completes Divestiture of Virginia Properties - NASDAQ.com". NASDAQ.com. Retrieved August 22, 2018.
5. "Business Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
6. "Residential Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
7. "Investor FAQs - Consolidated Communications Holdings". ir.consolidated.com. Retrieved January 25, 2018.
8. "Richard Lumpkin Obituary (1935 - 2019) - Carmel Valley, Calif, CA - Chicago Tribune". Legacy.com. Retrieved December 12, 2023.
9. Keller, John (June 16, 1997). "McLeod to Expand Holdings With Phone Carrier Purchase". Wall Street Journal. ISSN 0099-9660. Retrieved January 15, 2020.
10. "Richard Anthony Lumpkin". Herald-Review.com. Retrieved January 15, 2020.
11. "AGREEMENT AND PLAN OF MERGER". sec.gov. Retrieved January 6, 2025.
12. "Consolidated to be acquired for $3.1 billion". vermontbiz.com. Retrieved January 6, 2025.
13. "Searchlight Capital Partners, L.P., on behalf of its affiliated investment funds and British Columbia Investment Management Corporation completed the acquisition of remaining 65.7% stake in Consolidated Communications Holdings, Inc. from Searchlight III CVL, L.P., managed by Searchlight Capital Partners, L.P., BlackRock, Inc., The Vanguard Group, Inc., Wildcat Capital Management, LLC and others". MarketScreener. Retrieved December 28, 2024.
14. Consolidated state locations
15. "CONSOLIDATED COMMUNICATIONS HOLDINGS INC". www.sec.gov. Retrieved January 25, 2018.
16. "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. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
17. "Consolidated Communications Completes Acquisition of SureWest Communications (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
18. "Consolidated Communications Completes Acquisition of Enventis Corporation (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 26, 2018. Retrieved January 25, 2018.
19. "Consolidated Communications Completes Acquisition of Champaign Telephone Company (CTC) (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
20. "Consolidated Communications Completes FairPoint Acquisition (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 26, 2018. Retrieved January 25, 2018.

External links

• Official website
• • Historical business data for Consolidated Communications:
  • SEC filings

• 1894 establishments in Illinois
• American companies established in 1894
• Telecommunications companies of the United States
• Internet service providers of the United States
• Telecommunications companies established in 1894
• Companies based in Coles County, Illinois
• 2005 initial public offerings
• 2024 mergers and acquisitions
• Companies formerly listed on the Nasdaq