Consolidated Communications Completes Divestiture of Virginia Properties
Consolidated Communications Holdings, Inc. (CNSL)
Last consolidated communications holdings, inc. earnings: 8/1 08:00 am
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US:NASDAQ Investor Relations:
ir.consolidated.com
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Source: GlobeNewswire
MATTOON, Ill., July 31, 2018 (GLOBE NEWSWIRE) -- Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (the “Company” or “Consolidated Communications”) announced today it has completed the sale of its Virginia properties, Peoples Mutual Telephone Company and Peoples Mutual Long Distance Company, to RiverStreet Management Services, LLC, dba RiverStreet Networks, a subsidiary of Wilkes Communications. The divestiture allows the Company to continue to focus on its core regions and integration projects. The Company’s Virginia operations contributed approximately $6.3 million of revenue in fiscal 2017. The sale was a cash transaction valued at approximately $21 million, subject to certain contractual adjustments. The closing occurred on July 31st following receipt of all required regulatory approvals. Charlesmead Advisors, LLC, served as exclusive financial advisor to Consolidated Communications on the transaction. About Consolidated Communications Consolidated Communication
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News
- Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Consolidated Communications Releases 2023 Environmental, Social and Governance Report [Yahoo! Finance]Yahoo! Finance
- Consolidated Communications Releases 2023 Environmental, Social and Governance ReportBusiness Wire
- Consolidated Communications to Release First Quarter 2024 Earnings on May 7Business Wire
- Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
CNSL
Sec Filings
- 4/18/24 - Form DEF
- 3/27/24 - Form SC
- 3/27/24 - Form 8-K
- CNSL's page on the SEC website