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
The writing is on the wall for Vatican Radio, which can expect substantial downsizing as the media commission works toward reform of Vatican communications operations. The committee of experts that began meeting this week to study Vatican...Show More Summary
Everyone can name the email service providers that get the lion’s share of media glare — firms like Google, AOL, Yahoo. But according to Dave Hendricks in a column for LiveIntent, communications and infrastructure firms Indiemark and BlackBox tally the number of companies that self-identify as an email service providers (ESPs) as a robust 387. […]
Consolidated Communications Holdings Inc. (NASDAQ:CNSL) Q2 2014 Earnings Conference Call July 31, 2014 11:00 AM ET Executives Matt Smith - Treasurer and VP Bob Currey - Chairman and CEO Steve Childers - CFO Bob Udell - President and COO Analysts Frank Louthan - Raymond James & Associates Barry Sine - Drexel Hamilton Donna Jaegers - D.A. Show More Summary
Consolidated Communications reported that second-quarter data, video and Internet sales were a key revenue driver, rising to $69.5 million, but legacy declines offset total company growth. The company reported a 5.5 increase in commercial sales year-over-year.
Enventis, which is in the process of being acquired by fellow independent ILEC Consolidated Communications, saw that the fiber and data segment played a starring role in its portfolio, with revenues rising 5 percent year-over-year to $17.8 million.
Another big TV consolidation deal is in the works. Tonight, Cincinnati-based E.W. Scripps, and Journal Communications of Milwaukee, announced they will merge their broadcasting operations, while spinning off their newspaper businesses into a new entity. Show More Summary
A centerpiece of House Budget Committee Chairman Paul Ryan’s new poverty plan would consolidate 11 safety-net and related programs — from food stamps to housing vouchers, child care, and the Community Development Block Grant (CDBG) — into a single block grant to states. Show More Summary
Consolidated Communications' move to acquire fellow independent telco Enventis for $350 million may not be on par with the blockbuster deals its independent ILEC counterparts CenturyLink and Windstream have made in recent years, but it's significant in that it is a sign of another smaller telco branching out of its all-voice service roots.
Consolidated Communications has reached an agreement to acquire all 13.8 million shares of Enventis, formerly HickoryTech, for about $350 million, marking yet another element in the ongoing consolidation of the independent telco mar...
Two publicly held regional network operators are joining forces according to an announcement this morning. Consolidated Communications and Enventis have agreed to an all stock transaction, with Consolidated buying Enventis’s outstanding shares for a sum total of $350M. … [visit site to read more]