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.
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.
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.
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.
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.
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 market.
Consolidated Communications might not be nearly the size of its larger ILEC counterparts, such as CenturyLink and Windstream, but the telco has adopted a similar growth strategy that includes a mix of organic growth and the acquisition of other complementary properties.
Consolidated Communications reported that a 21 percent rise in Metro Ethernet revenue drove up overall first-quarter 2014 data, video and Internet services revenue to $68.2 million.