Consolidated Communications

Consolidated Communications Holdings, Inc., doing business as Consolidated Communications, is an American broadband and business communications provider headquartered in Mattoon, Illinois. The company provides data, internet, voice, managed and hosted, cloud and IT services to business customers,[2] and internet, TV, phone and home security services to residential customers.[3] With 36,000 fiber route miles,[4] it is a top ten fiber provider in the U.S.,[5] serving customers in 23 states.[6]

Consolidated Communications Holdings, Inc.
Consolidated Communications
TypePublic
Nasdaq: CNSL
S&P 600 component
IndustryTelecommunications
Founded1894 (1894) as the Mattoon Telephone Company in Mattoon, Illinois, U.S.
Headquarters
Mattoon, Illinois
,
U.S.
Key people
Bob Udell, President & CEO
ProductsData & internet, voice, hosted & managed, cloud services, security services, IT services, wholesale services, TV, residential internet, residential phone, home security
RevenueIncrease US$ 1.2 billion (2022) [1]
Increase US$ 42.8 million (2022) [1]
Increase US$ 100.0 million (2022) [1]
Total assetsIncrease US$ 3.8 billion (2022) [1]
Total equityIncrease US$ 1.0 billion (2022) [1]
Number of employees
3,200 (2022) [1]
Websitewww.consolidated.com

Consolidated Communications began trading on the NASDAQ under ticker symbol CNSL in 2005.[7]

History

Consolidated Communications was founded as the Mattoon Telephone Company in 1894 by Dr. Iverson A. Lumpkin in Mattoon, Illinois. In 1924, the company became the Illinois Consolidated Telephone Company (ICTC) and began acquiring telephone companies in the region over the next several decades, including telephone companies in Christian County, Montgomery County, the Illinois Southeastern Telephone Company and the Effingham, Illinois exchange from Illinois Bell. In 1984, Consolidated Communications, Inc. (CCI) was formed as the parent company of ICTC, Consolidated Communications Directories and Consolidated Market Response.

In 1997, CCI merged with McLeodUSA,[8] but was purchased back in 2002 by ICTC Chairman and President Richard A. Lumpkin and investors.[9] The company name was then changed to Consolidated Communications.

In March 2020, Consolidated Communications announced that employees and the company have pledged $80,000 to support United Way organizations in communities across the company's service area.[10]

States

The company offers Internet, traditional landline phone or VoIP, Home Security, Premium Television, Web Hosting and wholesale data) in 23 states across the United States.[11]

Acquisition History
  • In April 2004, Consolidated Communications acquired Texas-based TXU Communications.[34]
  • In December 2007, Consolidated Communications acquired North Pittsburgh Systems Inc., including North Pittsburgh Telephone Company, Nauticom and Penn Telecom.[35]
  • In July 2012, Consolidated Communications acquired SureWest Communications, extending the company's reach to Roseville and Sacramento, California and Kansas City.[36]
  • In October 2014, Consolidated Communications acquired Enventis Corporation, formerly HickoryTech, adding operations in Minnesota, Iowa, Wisconsin, South Dakota and North Dakota to the company's portfolio.[37]
  • In July 2016, Consolidated Communications acquired Champaign Telephone Company (CTC), a business communications provider in the Champaign-Urbana, Illinois area.[38]
  • In July 2017, Consolidated Communications acquired FairPoint Communications, expanding the company's service area to 24 states.[39]

References
  1. "CNSL Income Statement - Consolidated Communications Hol Stock - Yahoo Finance". finance.yahoo.com.
  2. "Business Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
  3. "Residential Services | Consolidated Communications". www.consolidated.com. Retrieved January 25, 2018.
  4. "Consolidated Communications Reports Third Quarter 2017 Results (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
  5. "From CenturyLink to FirstLight: Charting the top 13 fiber buyers in 2017 - FierceTelecom". www.fiercetelecom.com.
  6. "Consolidated Communications Completes Divestiture of Virginia Properties - NASDAQ.com". NASDAQ.com. Retrieved August 22, 2018.
  7. "Investor FAQs - Consolidated Communications Holdings". ir.consolidated.com. Retrieved January 25, 2018.
  8. Keller, John (June 16, 1997). "McLeod to Expand Holdings With Phone Carrier Purchase". Wall Street Journal. ISSN 0099-9660. Retrieved January 15, 2020.
  9. "Richard Anthony Lumpkin". Herald-Review.com. Retrieved January 15, 2020.
  10. Walker, Clint. "Consolidated Communications supports United Way with $80,000 campaign pledge". JG-TC.com. Retrieved March 3, 2020.
  11. Consolidated state locations
  12. Alabama: Consolidated services in AL
  13. California: Consolidated services in CA
  14. Colorado: Consolidated services in CO
  15. Florida: Consolidated services in FL
  16. Georgia: Consolidated services in GA
  17. Illinois: Consolidated services in IL
  18. Iowa: Consolidated services in IA
  19. Kansas: Consolidated services in KS
  20. Maine: Consolidated services in ME
  21. Western Massachusetts: Consolidated services in Western MA
  22. Minnesota: Consolidated services in MN
  23. Missouri: Consolidated services in MO
  24. New Hampshire: Consolidated services in NH
  25. New York: Consolidated services in NY
  26. North Dakota: Consolidated services in ND
  27. Oklahoma: Consolidated services in OK
  28. Pennsylvania: Consolidated services in PA
  29. South Dakokta: Consolidated services in SD
  30. Texas: Consolidated services in TX
  31. Vermont: Consolidated services in VT
  32. Washington: Consolidated services in WA
  33. Wisconsin: Consolidated services in WI
  34. "CONSOLIDATED COMMUNICATIONS HOLDINGS INC". www.sec.gov. Retrieved January 25, 2018.
  35. "Consolidated Communications Completes Acquisition of North Pittsburgh Systems, Inc. and Plans First Quarter 2008 Launch of IPTV Service in Pennsylvania (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
  36. "Consolidated Communications Completes Acquisition of SureWest Communications (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
  37. "Consolidated Communications Completes Acquisition of Enventis Corporation (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 26, 2018. Retrieved January 25, 2018.
  38. "Consolidated Communications Completes Acquisition of Champaign Telephone Company (CTC) (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 25, 2018. Retrieved January 25, 2018.
  39. "Consolidated Communications Completes FairPoint Acquisition (NASDAQ:CNSL)". ir.consolidated.com. Archived from the original on January 26, 2018. Retrieved January 25, 2018.
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