CNSL - Consolidated Communications to divest its Kansas City Assets

Consolidated Communications Enterprise Services (NASDAQ:CNSL) to sell its Kansas City assets to funds managed by Alinda Capital Partners in an all-cash transaction. The divestiture is consistent with Company’s market portfolio review and enhanced focus on fiber expansion plans in its core regions. The consolidated  Kansas City operations includes approximately 19,000 consumer subscribers, 13,000 consumer broadband subscribers, 1,900 commercial subscribers and contributed ~$50M of revenue in fiscal 2021. The deal is expected to be completed in the second half of 2022. The Company will provide more information on the divestiture during its fourth quarter 2021 earnings call on March 3, 2022.

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Consolidated Communications to divest its Kansas City Assets