Brief: Consolidated Communications Announces Second Quarter Financial Results Delivers 93% Growth In Consumer Fiber Net Adds

Consolidated Communications Holdings

08/08/2023 14:08

Aug 8 (Reuters) - Consolidated Communications Holdings
Inc  CNSL.O :
    * CONSOLIDATED COMMUNICATIONS ANNOUNCES SECOND QUARTER
FINANCIAL
RESULTS; DELIVERS 93% GROWTH IN CONSUMER FIBER NET ADDS
    * CONSOLIDATED COMMUNICATIONS HOLDINGS INC Q2 ADJUSTED LOSS
PER
SHARE $0.28 FROM CONTINUING OPERATIONS
    * CONSOLIDATED COMMUNICATIONS HOLDINGS INC Q2 LOSS PER SHARE
$1.05
    * CONSOLIDATED COMMUNICATIONS - ANNOUNCED BUSINESS
SIMPLIFICATION,
COST CUTTING INITIATIVES EXPECTED TO GENERATE ANNUALIZED COST
SAVINGS OF MORE THAN $30 MILLION
    * CONSOLIDATED COMMUNICATIONS HOLDINGS - ENTERED INTO
AGREEMENT TO
SELL WASHINGTON ASSETS FOR GROSS PROCEEDS OF $73 MILLION
    * CONSOLIDATED COMMUNICATIONS HOLDINGS INC SEES 2023
ADJUSTED
EBITDA TO BE IN RANGE OF $310 MILLION TO $330 MILLION
    * CONSOLIDATED COMMUNICATIONS HOLDINGS INC SAYS 2023 CAPITAL
EXPENDITURES EXPECTED TO BE ABOUT $495 MILLION

Source text for Eikon:  ID:nBwljvqqa 
Further company coverage:  CNSL.O