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Consolidated Communications reduces losses, lowers debt in Q4

Thursday 20 February 2020 | 17:25 CET | News
US operator Consolidated Communications reduced its net loss in the fourth quarter to USD 5.8 million from USD 14.0 million a year ago, thanks to a sharp fall in operating costs as well as lower interest expenses. The company said it also reduced debt by another USD 27 million in Q4, taking its leverage to 4.33x adjusted EBITDA, and will continue to devote almost all its free cash flow in 2020 to debt reduction. 

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Categories: Fixed
Companies: Consolidated Communications
Countries: United States
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