Consolidated Communications reported that while data and Internet service rose to $82.2 million in the fourth quarter of 2014, those gains were more than offset by declines in legacy local calling and network access revenues.
Social media management platform Sprinklr is acquiring community management platform Pluck, extending its customers’ engagement capabilities beyond third party social networks to their websites. Terms of the deal were not disclosed. Sprinklr has over 600 employees and has raised $77.5M thus far, including $40M in it’s D round last April. Pluck raised $17M before being […]
AT&T made it official that Kansas City is the next stop in its ongoing fiber-to-the-premises (FTTP) journey, putting it in direct competition with Google Fiber and Consolidated Communications for fiber-based broadband service.
LIKE MOST THINGS THAT HAVE HAPPENED UNDER OBAMA: New study finds that Dodd-Frank has promoted industry consolidation and killed community banks.
Our nation's hospitals are contributing to the escalating cost of cancer care. Over the past eight years, 313 cancer treatment facilities have closed and 544 community cancer practices have been acquired by or affiliated with hospitals. Show More Summary
TDS Telecom has sold off three of its ILEC properties in North Carolina to Wilkes Communications, a move that illustrates the ongoing consolidation of the independent telco market and TDS Telecom's move to fund the expansion of its broadband network reach.
The unified communications wing of the cloud saw a bit more consolidation late yesterday, as BroadSoft went on the inorganic offensive. The longtime VoIP software and services platform provider has purchased one of its partners, Leonid Systems. … [visit site to read more]
We believe that apart from the inorganic growth in revenue and earnings from the acquisition, the resulting consolidated Optical Communications segment should see considerable revenue accretion driven by growth in China's fiber optics market, which is the largest consumer of fiber optics products in the world. Show More Summary
Hacker Lab, together with its partner Consolidated Communications, proved that communities needn’t fear the wrath of giant incumbents or grovel in hopes of receiving their broadband largess.
Shares of fiber optics component maker Oplink Communications (OPLK) are up $2.93, or almost 14%, at $24.18, after the company this morning agreed to be bought by conglomerate Koch Industries, the privately held enterprise of the Koch family, for $24.30 per share in cash, or $411.5 million. The deal is actually being carried out by a Koch subsidiary, Koch [...]
Consolidated Communications (CCI) has finally responded to Google Fiber's fiber-to-the-premises (FTTP) call in Kansas City, Mo., with its own 1 Gbps Internet package for residential customers.
The Caribbean fiber market saw a significant consolidation event yesterday. Cable & Wireless Communications has agreed to purchase Columbus International for $1.85B, with one of telecom’s billionaires taking a hand in the deal. … [visit site to read more]
Consolidated Communications reported that in the third quarter of 2014, Ethernet services were a star performer in its portfolio, rising 14 percent year-over-year, but that was not enough to completely offset the drag of legacy service declines. Commercial and wholesale revenues rose 4.7 percent year-over-year.
Consolidated Communications has named Bob Udell as its next president and CEO, a role he will formally take on in January. A 20-year company veteran, Udell has more than 25 years of telecom industry experience and has been serving as Consolidated's COO since 2011.
The U.S. Postal Service plans to consolidate more than 80 mail-processing centers next year, but communities are almost entirely in the dark about how the changes will impact service in their areas, federal auditors said Wednesday. The...Show More Summary
By Investor Protector: Industry Headwinds/Competition Up until about 3 years ago, Consolidated Communications (NASDAQ:CNSL) was a local exchange company (LEC) concentrated on providing communications services to residential and commercial customers in rural areas of Texas, Pennsylvania and Illinois, mostly via copper. Show More Summary