CNSL News and Press, Consolidated Communications Holdings Inc. From 05/02/23

Achieved record consumer fiber broadband net adds of 12,337, an increase of 60% versus the first quarter of 2022; Consumer broadband net adds were positive 2,404 Grew consumer fiber broadband revenue 56% 1 and increased ARPU 5.7% Completed 53,858 fiber upgrades to Gigabit+ spe...

2023-05-01 13:15:57 ET Consolidated Communications ( NASDAQ: CNSL ) is scheduled to announce Q1 earnings results on Tuesday, May 2nd, before market open. The consensus EPS Estimate is -$0.21 (-1150.0% Y/Y) and the consensus Revenue Estimate is $283M (-5.8% Y/Y). Over t...

Employees at Consolidated volunteered 6,600 hours in 2022; Company recognizes efforts during National Volunteer Week Consolidated Communications (Nasdaq: CNSL) is celebrating and thanking its employees for volunteering in the communities where they live and work, during National Volunte...

2023-04-13 17:22:00 ET Consolidated Communications ( NASDAQ: CNSL ) on Thursday confirmed the receipt of a non-binding $4/share buyout offer from shareholders Searchlight Capital Partners and British Columbia Investment Management. The company will establish a special comm...

Consolidated Communications (Nasdaq: CNSL) (“Consolidated” or the “Company”) today announced that its board of directors (the “Board”) received a non-binding proposal letter, dated April 12, 2023, from Searchlight Capital Partners, L.P. (together with i...

2023-04-13 15:03:51 ET Summary This is an interesting non-binding merger arb situation. Telecommunications provider Consolidated Communications has received an acquisition bid from a buyer consortium led by its largest shareholder Searchlight Capital Partners (owns 34%). The s...

2023-04-13 14:38:17 ET Summary The company should reject the $4 buy-out offer as the company has plenty of potential for the upcoming years. The company pivoted from a low margin copper-based communications business into a strong fiber business. The company operates in a marke...

2023-04-13 13:06:24 ET Gainers: CXApp ( CXAI ) +194% . Ocean Biomedical ( OCEA ) +50% . Consolidated Communications Holdings ( CNSL ) +41% . Amesite ( AMST ) +34% . SMX (Security Matters) Public Limited Company ( SMX ) +34% . ...

2023-04-13 08:22:55 ET Consolidated Communications ( NASDAQ: CNSL ) shares rose 23% premarket on Thursday after Searchlight Capital Partners and British Columbia Investment Management (BCI) made an offer to buy the remaining shares of the communication solutions provider. ...

2023-04-13 08:20:45 ET CXApp  ( CXAI ) +56% . Ocean Biomedical ( OCEA ) +20% a nnounces notice of allowance for U.S. patent application for developing “whole new class” of Malaria therapeutics issued to scientific co-founder Dr. Jonathan Kurtis. ...