Consolidated Communications Closes on Sale of its Washington Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
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Source: newsfilter
- Consolidated Communications Sale of Washington Assets: Completed the sale of Washington assets to Palisade Infrastructure on May 1, 2024, aligning with strategic asset review and focus on fiber expansion plans.
- Financial Details: Washington operations contributed around $20 million in revenue in fiscal 2023, with approximately 9,950 data connections and 8,500 access lines.
- Lazard's Role: Lazard served as the exclusive financial advisor to Consolidated Communications on the transaction.
- About Consolidated Communications: A top 10 U.S. fiber provider with a network spanning over 60,000 fiber route miles, offering various high-speed internet, data, phone, security, cloud, and wholesale carrier solutions.
- Forward-Looking Statements: The press release includes forward-looking statements regarding the sale of assets, highlighting risks, uncertainties, and conditions that may impact actual results.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
