Long Independence Day Holiday Weekend Yields Closing of Multiple Fiber Acquisition Deals

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Not everyone got an opportunity at a long holiday weekend earlier this week. Multiple fiber acquisition deals valued at over $2 billion closed on Monday July 3rd, including Consolidated-FairPoint and Uniti-Southern Light/Hunt. Consolidated’s $1.3 billion purchase of FairPoint will create a top ten fiber provider...Learn More

Consolidated Communications Completes FairPoint Acquisition

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July 3, 2017 — Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) announced today it has completed its acquisition of FairPoint Communications, Inc. (NASDAQ: FRP), an all-stock transaction valued at approximately $1.3 billion including debt and based on present equity value. The merger further positions the company...Learn More

Consolidated FairPoint Merger Gains All Approvals, Closing Set for July 3rd

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The Consolidated FairPoint merger has received all necessary regulatory approvals in the remaining 17 states impacted by the transaction. All federal regulatory approvals have been issued as well, paving the way for the deal to close next week, on July 3rd, the company announced. Both...Learn More

CEO: Consolidated Fairpoint Opportunities Include Fios Gigabit Upgrades

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Gigabit service could be coming to Fios fiber-to-the-home (FTTH) markets in northern New England when Consolidated Communications acquisition of Fairpoint Communications is completed, said Consolidated CEO Bob Udell yesterday. Although he cited a range of Consolidated Fairpoint opportunities, the possibility of upgrading the Fios markets...Learn More

Consolidated FairPoint Roadmap: 15 Mbps Capable Connections Will Be Upgraded First

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Consolidated Communications hopes to complete its acquisition of FairPoint in mid-summer, said Consolidated CEO Bob Udell yesterday. When that occurs, a Consolidated FairPoint roadmap will prioritize upgrading broadband lines currently capable of supporting speeds of 15 Mbps to support 20-100 Mbps, Udell told attendees at...Learn More

Consolidated Connects with Hurricane Electric

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Houston, Texas – April 20, 2017 – Consolidated Communications’ welcomes Hurricane Electric, the world’s largest IPv6-native Internet backbone, to its Houston-based Walker Meet Me Room (MMR) at 811 Louisiana, which offers fiber assets and provides regional, national and international access. “Our new connection with Hurricane...Learn More

Consolidated FairPoint Merger Gets Shareholder Approval

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The proposed Consolidated FairPoint merger moved a step closer to completion today when shareholders of both companies approved the plan. The merger achieved close to 100% approval, with 96% and 98% of FairPoint and Consolidated voting shareholders, respectively, supporting the merger. The merger still requires...Learn More

Consolidated Cloud Services Adds Managed Security Platform

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Consolidated Communications is adding a managed security offering to their Consolidated cloud services portfolio. The new managed security offering, Cloud Secure, will guard against a growing number of security risks and intrusions to data networks of business customers. “We are very excited to add Cloud...Learn More

Champaign Telephone Company (CTC) to Become Consolidated Communications

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CHAMPAIGN, Ill. – January 16, 2017— Consolidated Communications (NASDAQ: CNSL) announced effective today Champaign Telephone Company (CTC) will take on the Consolidated Communications brand. “Consolidated Communications is eager to continue its expansion in the Champaign-Urbana area and is now rebranding CTC as Consolidated Communications, supported...Learn More

Consolidated Communications Secures Commitments for Acquisition Debt Financing

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MATTOON, Ill., Dec. 21, 2016 (GLOBE NEWSWIRE) — Consolidated Communications Holdings, Inc. (Nasdaq:CNSL) (“Company”) announced today that it secured a new incremental term loan facility for its pending acquisition of FairPoint Communications, Inc. (Nasdaq:FRP), an all-stock merger valued at approximately $1.5 billion, including debt, which...Learn More

2016: A Big Year for Telecom M&A

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The past year was a big one for telecom M&A. Telecompetitor covered more than two dozen mergers and acquisitions in 2016 and they involved numerous facets of the industry. Here’s a summary of key trends and how they are reshaping the communications service provider playing...Learn More

Consolidated: FairPoint Legacy Services Revenue Creates Growth Opportunity

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Consolidated Communications’ plan to purchase FairPoint communications, announced this week, would make Consolidated more dependent on legacy services – at least initially. Currently Consolidated gets 82% to 83% of its revenues from broadband and business services, but a combined Consolidated FairPoint would get only 72%...Learn More

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