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Consolidated Communications Holdings Inc. (CNSL) is a Delaware-based company whose subsidiaries offer a range of communication services across 23 states in the US. These include data and internet services, voice, data centers, security, managed IT, and cloud computing. These offerings are provided on wholesale to other carriers and residential customers. Nevertheless, the majority of CNSL’s revenues are derived from the latter segment. The firm was established in 1894 and has scaled its services through a combination of organic growth and mergers and judicious acquisitions; the most recent and important being that of