Consolidated Communications (CNSL) Tops Q1 EPS by 15c
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Consolidated Communications Reports First Quarter 2021 Results
April 29, 2021 8:00 AM EDTAchieved fast start on multi-year, Gig+ FTTP expansion plan; completed 45,800 upgrades in first quarter and on track to upgrade 300,000 in 2021 and upgrade 70% of Companys service area by 2025 Completed opportunistic repricing of term loan further strengthening the capital structure by improving incremental cash flow by approximately $30 million per year Second closing of Searchlight Capital Partners additional $75 million investment is on track to be completed in third quarter
First Quarter 2021 Highlights
Revenue totaled $324.8 million, generating Adjusted EBITDA of $126.6 million Consumer broadband revenue grew 2.6%, representing the eighth consecutive... More