February, 01, 2022 — MATTOON, Ill.–(BUSINESS WIRE)– Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Company”) announced today it has completed the sale of its Ohio assets to Hanson Communications of Ohio, LLC, an affiliate of Hanson Communications, Inc. The sale aligns with the Company’s strategic review of assets and focus on its fiber expansion across core regions.
Consolidated’s Ohio operations contributed approximately $9 million of revenue in fiscal year 2021 and includes approximately 4,000 access lines and 3,900 Internet connections. The Company will provide more information on this divestiture during its fourth quarter earnings call scheduled for March 3.
Lazard Middle Market, LLC served as the financial advisor to Consolidated Communications on the transaction.
