Consolidated Communications (CNSL) Misses Q4 EPS by 6c
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Consolidated Communications Reports Fourth Quarter 2016 Results
February 23, 2017 8:00 AM ESTCompany 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 servicesMATTOON,... More
