Consolidated Communications (CNSL) Misses Q4 EPS by 6c

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Go back to Consolidated Communications (CNSL) Misses Q4 EPS by 6c

Consolidated Communications Reports Fourth Quarter 2016 Results

February 23, 2017 8:00 AM EST

Company enhances its strategic focus with key transactions in the past quarter

Announced agreement to acquire FairPoint Communications in an all-stock transaction valued at $1.5 billion, secured $935 million in financing commitments for the FairPoint acquisition at favorable ratesFormed strategic business partnership to sell and support IT Services with the sale of equipment businessCompleted successful refinancing on $900 million term debt, achieved $2 million in annual interest savings, extended maturities and increased revolving loan facilityAchieved 4.9 percent data and transport revenue growth in 2016, driven by growth in Metro Ethernet and Cloud voice services

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