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Company type | Private |
---|---|
Nasdaq: CNSL | |
Industry | Telecommunications |
Founded | 1894Mattoon, Illinois, U.S. | , as the Mattoon Telephone Company in
Headquarters | , U.S. |
Key people | Bob Udell (president & CEO) |
Products | Data & internet, voice, hosted & managed, cloud services, security services, IT services, wholesale services, TV, residential internet, residential phone, home security |
Revenue | US$ 1.2 billion (2022) [1] |
US$ 42.8 million (2022) [1] | |
US$ 100.0 million (2022) [1] | |
Total assets | US$ 3.8 billion (2022) [1] |
Total equity | US$ 1.0 billion (2022) [1] |
Number of employees | 3,200 (2022) [1] |
Website | www |
Consolidated Communications Holdings, Inc. is an American broadband and business communications provider headquartered in Mattoon, Illinois. With 36,000 fiber route miles, [2] it is a top ten fiber provider in the U.S., [3] serving customers in 23 states. [4]
The company provides data, internet, voice, managed and hosted, cloud and IT services to business customers, [5] and internet, TV, phone, and home security services to residential customers. [6] It began trading on the NASDAQ under ticker symbol CNSL in 2005. [7]
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. [8] In 2002, five years after CCI merged with McLeodUSA, [9] the firm was acquired by a group of investors led by ICTC Chairman and President Richard A. Lumpkin, [10] and its name was changed to Consolidated Communications.
In December 2024, Consolidated Communications Holdings, Inc. announced that it had completed its merger with Condor Merger Sub Inc., a subsidiary of Condor Holdings LLC, with investment funds managed by Searchlight Capital Partners and British Columbia Investment Management Corporation. As a result of the merger, the board of directors of Consolidated Communications resigned, and the directors of Condor Merger Sub Inc. took over the roles. [11] [12] [13]
The company offers internet, traditional landline phone or VoIP, home security, pay television, web hosting, and wholesale data) in 23 states across the United States. [14]
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