0
Broadband

Consolidated Communications drops dividend to focus on debt reduction

Friday 26 April 2019 | 10:08 CET | News
Consolidated Communications is the latest US operator to drop dividend payments in favour of debt reduction and investing in fibre. CEO Bob Udell said the group was pleased with its performance, but the new capital allocation plan will focus on delveraging, and when it reaches the debt targets, an accelerated fibre investment strategy. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Consolidated Communications
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Consolidated Communication pleased with Q2 carrier and consumer channel performance, issues FY EBITDA guidance

Published 01 Aug 2019 15:31 CET | United States
Consolidated Communications said it is pleased with the performance of its carrier and consumer channels in the second quarter, ...

Consolidated Communications hikes Nashua speeds to 1Gbps

Published 09 Jul 2019 16:03 CET | United States
Consolidated Communications said 12,000 residents and small businesses in Nashua, New Hampshire, can now access broadband at ...

Consolidated Communications ups speeds to 1 Gbps in Derry, New Hampshire

Published 07 May 2019 09:50 CET | United States
Consolidated Communications is launching 1 Gbps broadband services to nearly 10,000 Derry, N.H., residents and small businesses. ...

Consolidated Communications expands fibre network to businesses in Des Moines

Published 30 Apr 2019 11:59 CET | United States
Consolidated Communications said it's constructing its fibre network in Des Moines, Iowa as part of a USD 1.7 million fibre ...

Consolidated builds FTTP network, launches TV service in Ghent, New York

Published 23 Apr 2019 12:05 CET | United States
Consolidated Communications completed a Fiber-to-the-Premises (FTTP) broadband network and the launch of TV service in Ghent, New ...

Consolidated Communications upgrades Cloud Secure platform

Published 18 Apr 2019 09:28 CET | United States
Consolidated Communications bolstered its Cloud Secure platform for businesses by adding new, geographically diverse Cloud Secure ...

Consolidated to upgrade, expand broadband infrastructure in Brooklin, Maine

Published 09 Apr 2019 09:43 CET | United States
Consolidated Communications reached an agreement with Brooklin, Maine, to upgrade and expand the community's existing broadband ...

Consolidated Communications launches gigabit internet in rural New York service areas

Published 08 Apr 2019 10:06 CET | United States
Consolidated launched gigabit broadband services within its New York service areas over FTTP. Consolidated's deployment of faster ...

Consolidated builds fibre network in rural New Hampshire town

Published 22 Mar 2019 17:46 CET | United States
Consolidated Communications announced the town of Chesterfield, New Hampshire decided to entered into a public-private ...

Consolidated sells internet to residential customers in N. New England through AT&T

Published 10 Jan 2019 17:05 CET | United States
Consolidated Communications teamed up with AT&T to give customers more ways to order Consolidated Communications' residential ...

Consolidated Communications finishes 500,000 broadband upgrades throughout Northern New England

Published 20 Dec 2018 09:53 CET | United States
Consolidated Communications completed more than 500,000 broadband upgrades across Northern New England in 2018. Upgraded homes ...

Consolidated Communications raises synergies target as revenue fall continues

Published 01 Nov 2018 15:32 CET | United States
Consolidated Communications has raised the projected synergies from its merger with FairPoint to USD 75 million from USD 55 ...

Consolidated Communications on track for FairPoint synergies amid lower Q2

Published 02 Aug 2018 18:29 CET | United States
Revenues declined to USD 350.2 million from USD 369.9 million the year before, with gains at commercial and carrier data and ...