Consolidated Communications (CNSL) Misses Q4 EPS by 10c

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Go back to Consolidated Communications (CNSL) Misses Q4 EPS by 10c

Consolidated Communications Reports Positive Broadband Net Adds for 2022 and Announces Fourth Quarter and Full Year 2022 Results

February 28, 2023 8:00 AM EST

Consumer fiber broadband net add growth for FY 2022 was 2.6x FY 2021 growth1 Consumer fiber broadband revenue grew 37%1 in FY 2022 driven by fiber net adds and increased ARPU Completed more than 400,000 Gigabit+ fiber upgrades for FY 2022 resulting in 1 million total Gig+ fiber locations or approximately 38% of the Companys network Closed on sale of Kansas assets for $82 million in Q4 resulting in net proceeds from strategic asset sales of over $600 million during 2022 Key leadership additions bring extensive fiber network and subscription based go-to-market expertise

MATTOON, Ill.--(BUSINESS... More