Searchlight completes last investment phase in Consolidated, adds board members

Wednesday 8 December 2021 | 09:03 CET | News
Consolidated Communications said it has closed the second stage of its investment plan with Searchlight Capital Partners, after receiving FCC approval. Searchlight agreed in September 2020 to put a total of USD 425 million into Consolidated, which would use the money to reduce debt and increase liquidities. The first stage of the transaction, completed in October 2020, saw Searchlight invest USD 350 million into the company, for 8 percent of its shares. Investment amount to USD 75 for the second stage.

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.


Already registered?

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

Add comment

Please login or register to leave a 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.


Consolidated Communications launches Fidium Fiber consumer broadband brand

Published 15 Nov 2021 17:01 CET | United States
Consolidated Communications has launched Fidium Fiber, a new gigabit consumer fibre internet brand. Fidium Fiber internet is ...

Consolidated Communications posts fresh loss in Q3 but fibre build continues strong

Published 29 Oct 2021 15:43 CET | United States
Consolidated Communications reported lower results for the third quarter, affected by supply shortages, as well as non-cash ...

Consolidated Communications extends gig-speed fibre internet in Texas

Published 20 Oct 2021 16:59 CET | United States
Consolidated Communications said it expanded its fibre gigabit broadband services to residents and small businesses in 18,000 new ...

Consolidated Communications sells Ohio assets

Published 27 Sep 2021 10:44 CET | United States
Consolidated Communications has agreed to sell its Ohio assets to Middle Point Home Telephone Company (MPH), an affiliate of ...

Consolidated Communications reaches deal with unions in Northern New England

Published 09 Aug 2021 11:01 CET | United States
Consolidated Communications reached tentative agreements with both the International Brotherhood of Electrical Workers (IBEW), ...

Consolidated Communications completes 122,000 fibre connections in H1 2021

Published 28 Jul 2021 10:35 CET | United States
Consolidated Communications said it provided fibre connections to 122,000 homes and small businesses in the first half of 2021. ...

Consolidated Communications to deliver fibre internet to 30,000 more Vermont residents

Published 14 Jul 2021 10:30 CET | United States
Consolidated Communications said it will start delivering symmetrical, gigabit fibre internet to more than 30,000 residents and ...

Consolidated Communications launches ProConnect with Webex

Published 12 Jul 2021 16:25 CET | United States
Consolidated Communications has launched ProConnect with Webex, enhancing the ProConnect cloud-based unified communications ...

Consolidated Communications appoints new executives for carrier sales, carrier products

Published 08 Jul 2021 16:22 CET | United States
Consolidated Communications said it has promoted Greg Flanagan to the position of VP for carrier sales and business development, ...

Consolidated Communications hires former Google Fiber manager

Published 25 Jun 2021 14:23 CET | United States
Consolidated Communications has named Mary Ellen Player its vice president for market management. Player will lead market ...

Consolidated Communications delivers gigabit internet to 32,000 New Hampshire locations

Published 17 Jun 2021 10:02 CET | United States
Consolidated Communications is bringing symmetrical, gigabit, fibre internet to 25,000 residents and businesses in the New ...

Consolidated Communications expands fibre upgrade in Greater Sacramento

Published 15 Jun 2021 11:10 CET | United States
Consolidated Communications is delivering symmetrical, gigabit, fibre internet services to 23,000 more residents and businesses ...

Converge's Q1 revenue jumps more than 83%, nears 1.2 million residential subs

Published 17 May 2021 09:24 CET | Philippines
Philippines fixed broadband operator Converge Information and Communications Technology Solutions reports it has topped 1.182 ...

Consolidated, Searchlight complete first investment phase

Published 05 Oct 2020 09:25 CET | United States
Consolidated Communications said it has completed the first stage of its investment transaction with Searchlight Capital Partners ...

Searchlight to invest USD 425 mln into Consolidated Communications

Published 14 Sep 2020 14:14 CET | United States | Update: 14 Sep 2020 14:31 CET
Investment firm Searchlight Capital Partners has agreed to hoist its stake in Consolidated Communications to 35 percent for a ...