Ankündigung • Oct 17
Consolidated Communications Holdings, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Consolidated Communications Holdings, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 05, 2024 Ankündigung • Jul 12
Consolidated Communications Holdings, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Consolidated Communications Holdings, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 06, 2024 Ankündigung • May 03
Palisade Americas Management LLC completed the acquisition of Consolidated’s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL). Palisade Americas Management LLC entered into an agreement to acquire Consolidated’s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) for $73 million in July 10, 2023. Cash proceeds of approximately $73 million, subject to customary working capital adjustments and other post-closing purchase price adjustments. The transaction remains subject to federal, state and local regulatory approvals and customary closing conditions. Houlihan Lokey served as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Palisade. Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction. The transaction is expected to close in the second half of 2024. Ryan Lynch and Ryan Maierson of Latham & Watkins acted as legal advisor to Consolidated Communications.
Palisade Americas Management LLC completed the acquisition of Consolidated’s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) on May 1, 2024. Ankündigung • Apr 20
Consolidated Communications Holdings, Inc., Annual General Meeting, May 31, 2024 Consolidated Communications Holdings, Inc., Annual General Meeting, May 31, 2024, at 09:00 Central Standard Time. Agenda: To elect the eight directors named in company Proxy Statement to serve until the next annual meeting of stockholders or until their respective successors are elected and qualified, or until their earlier resignation or removal; to ratify the appointment of Ernst & Young LLP as company independent registered public accounting firm for the fiscal year ending December 31, 2024; to conduct an advisory vote on the approval of the compensation of company named executive officers; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof. Ankündigung • Apr 19
Consolidated Communications Announces Executive Appointments Consolidated Communications announced several leadership changes including Gaurav Juneja named as Chief Operating Officer, David Koehl joining the company as Chief Information Officer and Gabe Waggoner appointed as Chief Network Officer. This new leadership structure supports Consolidated’s growth plans as it becomes a fiber-first provider connecting communities with high-quality broadband services. Gaurav Juneja, who joined the company in 2023 as President of Consolidated’s Consumer & SMB business, has been named Chief Operating Officer (COO). In his expanded role, he will lead Consolidated’s consumer and small business channels including market development, product management, marketing, sales, call centers, as well as field operations and information technology that support the end-to-end customer experience. Gabe Waggoner will lead fiber network planning, engineering, deployment and operations at CCI in his new role. Waggoner most recently was the head of operations at CCI, where he led outside plant engineering, construction, service delivery, customer care and technical support, field operations and labor relations. David Koehl recently joined Consolidated as Chief Information Officer and will lead information and technology transformation initiatives. Previously, Koehl was the Chief Technology Officer at Metronet, where he led overall technology, data analytics, tech operations, cybersecurity, and business processes. David’s experience includes serving as the SVP of Digital Strategy and Technology at Frontier, and more than two decades at Accenture leading strategic business transformation and digital technology initiatives. Ankündigung • Apr 17
Consolidated Communications Holdings, Inc. to Report Q1, 2024 Results on May 07, 2024 Consolidated Communications Holdings, Inc. announced that they will report Q1, 2024 results Pre-Market on May 07, 2024 Ankündigung • Feb 09
Consolidated Communications Holdings, Inc. to Report Q4, 2023 Results on Mar 05, 2024 Consolidated Communications Holdings, Inc. announced that they will report Q4, 2023 results on Mar 05, 2024 Ankündigung • Jan 03
Charles Frischer Discloses its Plans on Consolidated Communications Holdings On January 2, 2024, Charles Frischer issued an open letter to the stockholders of Consolidated Communications Holdings, Inc. urging the shareholders to consider the questions in the letter before voting on the proposed sale to affiliates of Searchlight Capital Partners, L.P. Charles Frischer stated that he plans on voting against the sale to Searchlight Capital. Ankündigung • Dec 13
Charles Frischer Files a Notice of Exempt Solicitation to Consolidated Communications Holdings, Inc On December 11, 2023, Charles Frischer announced it has filed a notice of exempt solicitation and urged the shareholders of Consolidated Communications Holdings, Inc to vote against the proposed sale of the Company to affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Ankündigung • Oct 19
Consolidated Communications' Common Stock No Longer Be Traded or Listed on Any Public Securities Exchange, Following the Closing of the Transaction Consolidated Communications Holdings, Inc. ('Consolidated Communications' or the 'Company') announced that it has entered into a definitive agreement (the 'Agreement') to be acquired by affiliates of Searchlight Capital Partners, L.P. ('Searchlight') and British Columbia Investment Management Corporation ('BCI') in an all-cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt. The proposed transaction will result in Consolidated Communications becoming a private company and is expected to close by the first quarter of 2025, subject to customary closing conditions, including receipt of regulatory approvals and approval of the holders of a majority of the voting power represented by the outstanding shares that are entitled to vote thereon and held by shareholders other than Searchlight and BCI, their investment fund affiliates and the directors and officers of the Company. The transaction is not subject to a financing condition. Following the closing of the transaction, shares of Consolidated Communications common stock will no longer be traded or listed on any public securities exchange. Ankündigung • Oct 17
Consolidated Communications Holdings, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Consolidated Communications Holdings, Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Ankündigung • Oct 01
Consolidated Communications Appoints Dan Stoll as President of Commercial and Carrier Business Consolidated Communications announced Dan Stoll as president of the Company’s commercial and carrier business. Stoll will oversee Consolidated’s commercial and carrier go-to-market strategy including: sales, delivery, customer support, and related development and expansion of the Company’s fiber network. Michael Smith, who previously served as president of the commercial and carrier business, is retiring from the Company after 30 successful years of service. Stoll has more than 22 years of experience in the telecommunications and fiber network infrastructure industry. Most recently, Stoll served in key senior leadership roles at Zayo including senior vice president of the west region and the managing director of regional networks. Prior to joining Zayo, Dan led several functions at Integra Telecom, which later spun off its fiber network assets into Electric Lightwave. As president of Electric Lightwave, Dan was responsible for sales, marketing, product, network intelligence, development, and the customer experience support teams. Stoll received a B.A. degree in business finance from Westminster College and an MBA from the University of Southern California. New Risk • Aug 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$418m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$418m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$87m net loss in 3 years). Ankündigung • Aug 03
Palisade Americas Management LLC entered into an agreement to acquire Consolidated’s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL). Palisade Americas Management LLC entered into an agreement to acquire Consolidated’s assets in Washington from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) on August 2, 2023. The transaction remains subject to federal, state and local regulatory approvals and customary closing conditions. Houlihan Lokey served as exclusive financial advisor and Morgan, Lewis & Bockius LLP served as legal counsel to Palisade. Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction. New Risk • Jul 28
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$397m). Currently unprofitable and not forecast to become profitable over next 3 years (US$93m net loss in 3 years). Share price has been volatile over the past 3 months (9.7% average weekly change). Ankündigung • Jul 25
Consolidated Communications Holdings, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Consolidated Communications Holdings, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 08, 2023 Reported Earnings • May 03
First quarter 2023 earnings released: US$0.42 loss per share (vs US$1.12 loss in 1Q 2022) First quarter 2023 results: US$0.42 loss per share (improved from US$1.12 loss in 1Q 2022). Revenue: US$276.1m (down 8.0% from 1Q 2022). Net loss: US$47.7m (loss narrowed 62% from 1Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2022 earnings released: US$1.90 loss per share (vs US$1.26 loss in FY 2021) Full year 2022 results: US$1.90 loss per share (further deteriorated from US$1.26 loss in FY 2021). Revenue: US$1.19b (down 7.1% from FY 2021). Net loss: US$218.4m (loss widened 99% from FY 2021). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 02
Consolidated Communications Hires Gaurav Juneja as President of Consumer Business Consolidated Communications named Gaurav Juneja President of its consumer business unit. As president, Juneja will lead Fidium’s consumer go-to-market strategy including: sales, marketing, end-user experience and support. Juneja will play a vital role in driving the Company’s continued fiber expansion including where Fidium services will have the greatest impact for the Company as well as consumers. Prior to his current role, Juneja served as Executive Vice President & General Manager for Consumer and Chief Revenue Officer at MetroNet, where he was responsible for building all consumer sales channels, marketing, MDU, market expansion and sales operations teams. As EVP of Consumer at MetroNet, he also led product management, customer care and field marketing. Additional professional positions include: Rise Broadband, where Juneja served as a Vice President of Consumer and Channel Sales, DISH Network, where he led sales, field marketing and channels as Director of Sales for broadband internet, linear and streaming TV, and Arjay Group of Companies, where he led the consumer and SMB go-to-market strategy for T-Mobile and Sprint across multiple states. Erik Garr has transitioned to a new role focusing on the significant state and federal U.S. grant programs dedicated to broadband expansion. Garr will now be solely focused on public-private partnerships for which Consolidated Communications is uniquely positioned to provide the best alternative at the lowest cost enabling its fiber expansion to underserved and unserved communities. Ankündigung • Jan 31
Consolidated Communications Holdings, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Consolidated Communications Holdings, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 28, 2023 Ankündigung • Jan 19
Consolidated Communications Appoints Chaz Determan as Director of Enterprise Sales for California Region Consolidated Communications announced that Chaz Determan has been hired as Director of Enterprise Sales for the company’s California region. Determan comes to Consolidated with more than a decade of sales experience in the telecom industry. He has a strong track record of successful sales leadership and developing strong teams. Ankündigung • Jan 11
Consolidated Communications Holdings, Inc. Announces Executive Changes Consolidated Communications Holdings, Inc. announced Dan Stoll as president of the Company’s commercial and carrier business. Stoll will oversee Consolidated’s commercial and carrier go-to-market strategy including: sales, delivery, customer support, and related development and expansion of the Company’s fiber network. Michael Smith, who previously served as president of the commercial and carrier business, is retiring from the Company after 30 successful years of service. Stoll has more than 22 years of experience in the telecommunications and fiber network infrastructure industry. Most recently, Stoll served in key senior leadership roles at Zayo including senior vice president of the west region and the managing director of regional networks. Prior to joining Zayo, Dan led several functions at Integra Telecom, which later spun off its fiber network assets into Electric Lightwave. As president of Electric Lightwave, Dan was responsible for sales, marketing, product, network intelligence, development, and the customer experience support teams. Stoll received a B.A. degree in business finance from Westminster College and an MBA from the University of Southern California. Reported Earnings • Nov 02
Third quarter 2022 earnings released: US$0.15 loss per share (vs US$0.051 loss in 3Q 2021) Third quarter 2022 results: US$0.15 loss per share (further deteriorated from US$0.051 loss in 3Q 2021). Revenue: US$296.6m (down 6.9% from 3Q 2021). Net loss: US$17.7m (loss widened 275% from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 06
Consolidated Communications Holdings, Inc. to Report Q3, 2022 Results on Nov 01, 2022 Consolidated Communications Holdings, Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 01, 2022 Ankündigung • Sep 14
Cellco Partnership, Inc. acquired limited partnership interests in five wireless partnerships from Consolidated Communications Holdings, Inc. for $490 million. Cellco Partnership, Inc. entered into a partnership interest purchase agreement to acquire limited partnership interests in five wireless partnerships from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) for $490 million on August 1, 2022. Under the terms of the transaction, Cellco Partnership will acquire the entirety of Consolidated Communications Holdings’s limited partnership interests in Pittsburgh SMSA Limited Partnership, GTE Mobilnet of Texas RSA #17 Limited Partnership, GTE Mobilnet of South Texas Limited Partnership, Pennsylvania RSA No. 6(I) Limited Partnership and Pennsylvania RSA No. 6(II) Limited Partnership. The transaction is subject to certain closing conditions and third-party purchase rights available to other partners in the partnerships. The transaction is expected to close by the end of 2022. The net proceeds of the sales will be invested in the business and used to support the Company’s Fiber to the Premises (FttP) build plan. Steven A. Cohen and Victor Goldfeld of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisors to Consolidated Communications Holdings, Inc.Cellco Partnership, Inc. completed the acquisition of limited partnership interests in five wireless partnerships from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) on September 13, 2022. The $490 million in aggregate gross proceeds from the sale of the five wireless partnership interests will be invested in the business and used to support the Consolidated Communication's Fiber to the Premises broadband growth plan. Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.10 loss per share (vs US$0.71 loss in 2Q 2021) Second quarter 2022 results: US$0.10 loss per share (up from US$0.71 loss in 2Q 2021). Revenue: US$298.4m (down 6.9% from 2Q 2021). Net loss: US$11.5m (loss narrowed 79% from 2Q 2021). Over the next year, revenue is expected to shrink by 6.4% compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 02
Cellco Partnership, Inc. entered into a partnership interest purchase agreement to acquire limited partnership interests in five wireless partnerships from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) for $490 million. Cellco Partnership, Inc. entered into a partnership interest purchase agreement to acquire limited partnership interests in five wireless partnerships from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) for $490 million on August 1, 2022. Under the terms of the transaction, Cellco Partnership will acquire the entirety of Consolidated Communications Holdings’s limited partnership interests in Pittsburgh SMSA Limited Partnership, GTE Mobilnet of Texas RSA #17 Limited Partnership, GTE Mobilnet of South Texas Limited Partnership, Pennsylvania RSA No. 6(I) Limited Partnership and Pennsylvania RSA No. 6(II) Limited Partnership. The transaction is subject to certain closing conditions and third-party purchase rights available to other partners in the partnerships. The transaction is expected to close by the end of 2022. The net proceeds of the sales will be invested in the business and used to support the Company’s Fiber to the Premises (FttP) build plan. Steven A. Cohen and Victor Goldfeld of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisors to Consolidated Communications Holdings, Inc. Ankündigung • Jul 14
Consolidated Communications Holdings, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Consolidated Communications Holdings, Inc. announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 04, 2022 Reported Earnings • May 06
First quarter 2022 earnings released: US$1.12 loss per share (vs US$0.80 loss in 1Q 2021) First quarter 2022 results: US$1.12 loss per share (down from US$0.80 loss in 1Q 2021). Revenue: US$300.3m (down 7.5% from 1Q 2021). Net loss: US$125.3m (loss widened 102% from 1Q 2021). Over the next year, revenue is expected to shrink by 6.8% compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Ankündigung • Apr 23
Fidium, New Gigabit Broadband Internet Service from Consolidated Communications Primed to Give Charleston, Mattoon, Shelbyville, Litchfield and Taylorville Residents Fidium, new gigabit broadband internet service from Consolidated Communications is primed to give Charleston, Mattoon, Shelbyville, Litchfield and Taylorville residents a speedier, more user-centric internet experience. Residents can sign up now to be first on the list when Fidium lights up in more than 8,700 homes next month. An additional 12,000 area homes are expected to have access to Fidium by the end of the year. At a time when only 21.4% of Illinois residents have access to fiber optic internet, Fidium’s arrival stands to vastly improve local quality of life and economic outlooks for thousands in the area. Fidium was created to give customers exactly what they want (like straightforward plans and pricing with superfast speeds) and nothing they don’t (like shared bandwidth, data caps, contracts, hidden fees and required bundles). Symmetrical gig-speed fiber internet is available for $70 per month, including installation and whole-home WiFi. Fidium customers will get the best experience with the Attune WiFi whole-home management app, which provides speed tests and a host of options to help families stay safe online. Attune lets user see what devices are connected to user network; limit content for age-appropriate usage; and set controls on network use based on time of day. High-speed fiber plans start at just $35 per month. Ankündigung • Apr 05
Consolidated Communications Holdings, Inc. to Report Q1, 2022 Results on May 05, 2022 Consolidated Communications Holdings, Inc. announced that they will report Q1, 2022 results Pre-Market on May 05, 2022 Ankündigung • Mar 05
Consolidated Communications Holdings, Inc. Provides Unaudited Earnings Guidance for the Year Ending December 31, 2022 Consolidated Communications Holdings, Inc. provided unaudited earnings guidance for the year ending December 31, 2022. For the year, the company expects net income to be in the range of negative $10 million to $8 million. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$1.28b (down 1.7% from FY 2020). Net loss: US$109.8m (down 422% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 4.2% compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 02
Middle Point Home Telephone Company completed the acquisition of Ohio Assets of Consolidated Communications Holdings, Inc. Middle Point Home Telephone Company entered into a definitive agreement to acquire Ohio Assets of Consolidated Communications Holdings, Inc. for approximately $26 million on September 22, 2021. Consolidated’s Ohio operations contributed approximately $9 million of revenue in fiscal 2020. The closing on this agreement is subject to customary regulatory approvals, which are expected to be completed by the end of the year. As of October 29, 2021, the transaction is expected to close in the first quarter of 2022. Lazard Middle Market, LLC served as financial advisor to Consolidated Communications on the transaction.
Middle Point Home Telephone Company completed the acquisition of Ohio Assets of Consolidated Communications Holdings, Inc. on February 1, 2022. Ankündigung • Feb 01
Consolidated Communications Holdings, Inc. to Report Q4, 2021 Results on Mar 03, 2022 Consolidated Communications Holdings, Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 03, 2022 Ankündigung • Dec 29
Consolidated Communications Enhances Managed Services Suite Consolidated Communications has completed a range of enhancements to their Managed IT Services suite, delivering even more value and a better experience for businesses. In recent months, Consolidated has added new functionality and white glove support to bolster its robust Managed IT Services offering, including Microsoft 365, Managed Desktop Network & Server, Managed Mobile, and Acronis Backup and Disaster Recovery. These enhancements deliver 24/7 expert customer service, and the tools and knowledge that come with decades of experience, including: support for desktops, servers, network gear and mobile devices. Consolidated’s Managed IT Services are built to support and operate in regulated and compliant environments, for businesses of all sizes. The newly enhanced Acronis Backup and Disaster Recovery provide customers with the best way to protect their businesses in the cloud, avoid costly downtime, reduce IT costs and restore from anywhere. In the wake of 2021’s extreme weather including wildfires, hurricanes and tornadoes, disaster recovery is critical for businesses of every size. Acronis was recognized by industry experts at Gartner, Inc. as Visionary1 in their Gartner 2020 Magic Quadrant for Backup and Disaster Recovery solutions. Ankündigung • Dec 09
Consolidated Communications Holdings, Inc. announced that it has received $425 million in funding from Searchlight Capital Partners, L.P. On December 7, 2021, Consolidated Communications Holdings, Inc. closed the transaction. The company received $75,000,000 in its second and final tranche, bringing the total funding received in the transaction to $425,000,000. Reported Earnings • Oct 29
Third quarter 2021 earnings released: US$0.05 loss per share (vs US$0.20 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$318.6m (down 2.6% from 3Q 2020). Net loss: US$4.72m (down 133% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 25
Middle Point Home Telephone Company entered into a definitive agreement to acquire Ohio Assets of Consolidated Communications Holdings, Inc. from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL). Middle Point Home Telephone Company entered into a definitive agreement to acquire Ohio Assets of Consolidated Communications Holdings, Inc. from Consolidated Communications Holdings, Inc. (NasdaqGS:CNSL) on September 24, 2021. Consolidated’s Ohio operations contributed approximately $9 million of revenue in fiscal 2020. The closing on this agreement is subject to customary regulatory approvals, which are expected to be completed by the end of the year. Reported Earnings • Jul 30
Second quarter 2021 earnings released: US$0.71 loss per share (vs US$0.19 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$320.4m (down 1.5% from 2Q 2020). Net loss: US$55.4m (down US$68.8m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 14
Consolidated Communications Launches ProConnect with Webex communications provider, announced the launch of ProConnect with Webex, enhancing the award winning, cloud-based unified communications platform with industry leading collaboration tools. Consolidated Communications’ ProConnect provides advanced communication and collaboration tools, connecting users with uninterrupted access to information from anywhere, anytime and from any device. The addition of Webex brings calling, messaging and meeting work streams into a single app, driving increased productivity. Teams can collaborate securely and reliably with anyone inside or outside the organization. ProConnect delivers user-friendly features from the cloud, enabling businesses to increase productivity, efficiency and revenue. With a fully integrated Webex capabilities, the user has a true one-stop-shop for all their various collaboration needs. Recent Insider Transactions • May 27
Independent Chairman recently bought €100k worth of stock On the 24th of May, Robert Currey bought around 14k shares on-market at roughly €7.41 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Recent Insider Transactions • May 11
Independent Director recently bought €66k worth of stock On the 6th of May, Maribeth Rahe bought around 10k shares on-market at roughly €6.56 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: US$0.80 loss per share (vs US$0.21 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings and control over costs, although revenues were flat. First quarter 2021 results: Revenue: US$324.8m (flat on 1Q 2020). Net loss: US$62.1m (down US$77.4m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Executive Departure • Apr 30
Independent Director has left the company On the 26th of April, Timothy Taron's tenure as Independent Director ended after 8.8 years in the role. We don't have any record of a personal shareholding under Timothy's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 30
Independent Director has left the company On the 26th of April, Wayne Wilson's tenure as Independent Director ended after 3.8 years in the role. We don't have any record of a personal shareholding under Wayne's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Mar 10
New 90-day high: €5.70 The company is up 28% from its price of €4.46 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.13 per share. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 18% share price gain to US$4.96, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 17x in the Telecom industry in Germany. Total return to shareholders over the past three years is a loss of 40%. Ankündigung • Mar 04
Consolidated Communications Holdings, Inc. Announces Executive Changes Consolidated Communications Holdings, Inc. announced Erik Garr has joined the Company as executive vice president and president of the Company’s consumer-SMB business unit. Garr, who will be based in New Hampshire, will lead the Company’s consumer and small business channels including the go-to-market strategy associated with the Company’s fiber build expansion. Garr will be responsible for sales, product management, service and customer experience within these channels. Garr brings more than 25 years of experience in communications and financial services. He most recently served as vice president at Policygenius, where he was responsible for the fastest growing business unit at a late stage insurtech startup. Prior to that, Garr was director of strategy and operations at Google Cloud, and served as director of Google Fiber where he launched five new markets across the southeast region and managed the business in its entirety in North Carolina. In addition, Michael Smith, who previously served as Consolidated’s chief revenue officer, will now lead the commercial and carrier business unit as president. Smith has been with Consolidated 29 years and has served as chief marketing officer and held executive management positions in sales, product management and customer service. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$0.47 (vs US$0.29 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$1.30b (down 2.4% from FY 2019). Net income: US$37.0m (up US$57.8m from FY 2019). Profit margin: 2.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 0.3%. Over the next year, revenue is expected to shrink by 2.3% compared to a 6.6% growth forecast for the Telecom industry in Germany. Ankündigung • Feb 25
Consolidated Communications Completes the Construction of High-Speed, Fiber-To-The-Premises (Fttp) Internet Networks in the New Hampshire Towns of Dublin, Rindge and Westmoreland Consolidated Communications recently completed the construction of high-speed, fiber-to-the-premises (FTTP) Internet networks in the New Hampshire towns of Dublin, Rindge and Westmoreland. Upon the completion of two additional networks in Walpole and Harrisville, over 8,000 new Cheshire County locations will be connected to faster, highly reliable, broadband services, including symmetrical speeds up to 1 Gig. The new fiber services and highly reliable connection can support remote access and video conferencing for telecommuters and remote learners; allow the creation and uploading of high-bandwidth content; and enable easy use of smart-home devices. Consumers can also sign up for video content available through one of Consolidated’s streaming partners with the flexibility to watch their favorite programs on any device. The projects, which totaled nearly $13 million and included a $4 million investment from Consolidated, were built with no associated property tax increases as the towns issued bonds for their broadband infrastructure. Consolidated Communications is actively working to expand rural broadband and has a strong track record of partnering with public and private entities to deliver enhanced and increased broadband service. Recently, the Company partnered with the state of New Hampshire and the towns of Danbury, Springfield, Mason and Errol to expand and enhance broadband to more than 2,000 residents and businesses. In December 2020, Consolidated announced plans to upgrade of 1.6 million locations to symmetrical, multi-gig speeds over a five-year period, including over 1 million locations in Northern New England. Ankündigung • Feb 02
Consolidated Communications Holdings, Inc. to Report Q4, 2020 Results on Feb 25, 2021 Consolidated Communications Holdings, Inc. announced that they will report Q4, 2020 results Pre-Market on Feb 25, 2021 Is New 90 Day High Low • Jan 28
New 90-day high: €4.86 The company is up 23% from its price of €3.96 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.62 per share. Ankündigung • Jan 13
Consolidated Communications Enables Transportation Logistics Company to Quickly Adopt Remote Work During Pandemic Consolidated Communications Holdings, Inc. recently assisted Cerasis with the transition of its workforce to remote operations across three states. When the COVID-19 pandemic demanded that nearly the entire Cerasis team work remotely, Consolidated helped 90% of that workforce start telecommuting in less than a week. This quick transition involving about 200 employees enabled Cerasis to maintain business continuity so the organization could support customers during a time when it was essential to keep the supply chain moving. Cerasis uses data and technology to help its customers drive shipping efficiencies, gain visibility and support growth. To keep customers shipping and protect the supply chain, Cerasis must be able to serve customers without interruption. With the infrastructure already in place when the pandemic began, Consolidated immediately activated more licenses and trained the new at-home users so they could use ProConnect’s advanced collaboration features. ProConnect offers integrated HD audio and video, conferencing, messaging, screen sharing and file sharing available on PCs, browsers, tablets and mobile phones. The solution also allows Cerasis to easily onboard new employees. While working remotely, employees can forward calls to their cell phones and use the ProConnect UC-One app on their mobile devices or via the softphone on laptops and desktops. Employees can log into the Consolidated Communications portal without IT assistance. The IT and call center teams can easily change the company’s recorded message to update inbound callers about business changes. Ankündigung • Jan 05
Dale E. Parker to Retire and Resign as a Member of the Board of Consolidated Communications Holdings, Inc On December 28, 2020, Mr. Dale E. Parker notified the board of directors of Consolidated Communications Holdings, Inc. of his decision to retire and resign as a member of the Board, effective January 1, 2021. Is New 90 Day High Low • Jan 05
New 90-day low: €3.82 The company is down 21% from its price of €4.84 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.88 per share. Ankündigung • Dec 01
Consolidated Communications Reinforces Commitment to Communities with Launch of New Educational Grant Program Consolidated Communications announced the launch of a new technology-focused educational grant program, ConsolidatedConnects, available to K-12 schools across its service area. As a leading fiber provider with a mission to turn technology into solutions and to connect people and enrich how they work and live, Consolidated’s new program encourages project-based learning and the use of innovative technologies. Investments made through the Consolidated Connects program are intended to benefit educational enrichment programs and projects that highlight creative student learning and utilize innovative technologies to support and advance learning. During the inaugural grant cycle, requests with a focus on supporting virtual/remote learning resource gaps will be prioritized for funding consideration. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 1.1% at US$327.1m. Revenue is expected to shrink by 2.3% over the next year, compared to a 12% growth forecast for the Telecom industry in Germany. Is New 90 Day High Low • Oct 19
New 90-day low: €4.48 The company is down 18% from its price of €5.45 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.44 per share. Ankündigung • Oct 10
Consolidated Communications Expands Launch of Microsoft Productivity Suite to Entire Service Area Consolidated Communications expanded the availability of its Microsoft 365 suite of services that offer businesses an affordable, cloud-based platform, enabling easy collaboration and on-the-go productivity with advanced security options. The Microsoft 365 productivity suite, now available across the entire Consolidated service area, includes the Microsoft Teams collaboration platform that combines video meetings, chat, file storage and application integration. Cloud-based productivity tools allow employees to access email, documents, contacts and calendars using any device, wherever they may be. Microsoft Office mobile apps including Word, Excel and PowerPoint deliver on-the-go productivity and easy collaboration with documents stored in the cloud. The productivity suite comes with Consolidated’s experienced and skilled implementation technicians and streamlined, responsive service delivery from Pax8, the leader in cloud distribution. There are plans for businesses of every size and the comprehensive service is all offered for one convenient, subscription-based monthly fee with no up-front costs. Ankündigung • Oct 07
Consolidated Communications Holdings, Inc. to Report Q3, 2020 Results on Oct 29, 2020 Consolidated Communications Holdings, Inc. announced that they will report Q3, 2020 results on Oct 29, 2020 Ankündigung • Oct 05
Consolidated Communications Holdings Inc. to Report Q4, 2009 Results on 03/04/2010 Consolidated Communications Holdings Inc. announced that they will report Q4, 2009 results on 03/04/2010 Ankündigung • Sep 22
Consolidated Communications Partners with Pax8 to Enhance its Cloud Services Consolidated Communications announced it has partnered with Pax8 to provide business customers with an enhanced suite of cloud services, including: next generation productivity, backup, security, data management and disaster recovery solutions. The partnership will simplify and streamline the order and fulfillment process for business customers, ultimately shortening the provisioning timeline. It will enable Consolidated Communications to more effectively deliver cloud services to the marketplace. Is New 90 Day High Low • Sep 19
New 90-day low: €4.92 The company is down 9.0% from its price of €5.40 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.69 per share. Ankündigung • Jul 22
Consolidated Communications Holdings, Inc. to Report Q2, 2020 Results on Jul 30, 2020 Consolidated Communications Holdings, Inc. announced that they will report Q2, 2020 results on Jul 30, 2020