QUOTE AND NEWS
SeekingAlpha  Feb 27  Comment 
Consolidated Communications Holdings, Inc. (CNSL) Q4 2013 Earnings Conference Call February 27, 2014 11:00 AM ET Executives Matt Smith – VP, IR Bob Currey – Chairman and CEO Steve Childers – SVP and CFO Bob Udell –...
StreetInsider.com  Feb 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Consolidated+Communications+%28CNSL%29+Declares+%240.38738+Quarterly+Dividend%3B+8%25+Yield/9212583.html for the full story.
Benzinga  Feb 24  Comment 
Below are the top small-cap telecom services-domestic stocks on the NYSE and the NASDAQ in terms of dividend yield. Alteva (NYSE: ALTV) has a dividend yield of 12.00%. Alteva's shares closed at $9.02 on Friday. Consolidated Communications...
SeekingAlpha  Jan 8  Comment 
Consolidated Communications Holdings, Inc. (CNSL) Citi 2014 Global Internet, Media and Telecommunications Conference January 07, 2014 06:00 PM ET Executives Steven L. Childers - Senior Vice President and Chief Financial Officer ...
SeekingAlpha  Dec 11  Comment 
Consolidated Communications Holdings, Inc. (CNSL) UBS 41st Annual Global Media and Communications Conference December 11, 2013 11:00 a.m. ET Executives Bob Currey - CEO Analysts Batya Levi - UBS Presentation Batya...
StreetInsider.com  Nov 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Consolidated+Communications+%28CNSL%29+Tops+Q3+EPS+by+11c/8857550.html for the full story.
StreetInsider.com  Nov 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Consolidated+Communications+%28CNSL%29+Declares+%240.38738+Quarterly+Dividend%3B+8.3%25+Yield/8841584.html for the full story.
StreetInsider.com  Aug 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Consolidated+Communications+%28CNSL%29+Tops+Q2+EPS+by+8c/8580305.html for the full story.
StreetInsider.com  Aug 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Consolidated+Communications+%28CNSL%29+Declares+%240.38738+Quarterly+Dividend%3B+8.7%25+Yield/8566148.html for the full story.
Forbes  Jul 26  Comment 
Investors considering a purchase of Consolidated Communications Holdings Inc (NASD: CNSL) stock, but tentative about paying the going market price of $17.51/share, might benefit from considering selling puts among the alternative strategies at...




 
TOP CONTRIBUTORS

Consolidated Communications (CNSL) owns established incumbent local exchange telephone companies, (“ILECs”) that provide communications services to residential and business customers in Illinois, Texas and Pennsylvania. Consolidated offers a wide range of telecommunications services, including local and long distance service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, network capacity services over their regional fiber optic network, and directory publishing. In addition, they operate a number of complementary businesses, including telemarketing and order fulfillment; telephone services to county jails and state prisons; equipment sales; operator services; and mobile services.[1]

Trends and Forces

Limited Competition

Fixed-line telecommunication: Consolidated is one of a number of rural telecom carriers that operate primarily in markets exempt from direct wireline competition by federal law. While these rural local exchange carriers (RLECs) still face modest competition, generally coming from wireless carriers offering large buckets of minutes, customer retention has been stronger, and their total access-line counts have held up better than those of their Baby Bell brethren.

Line Substitution

RLECs have come under pressure as consumers swap traditional phone lines for wireless substitutes. Analysts have questioned whether these increased access line losses will affect the sustainability of revenue and free cash flow for RLECs. Additionally, extra competition has come in the form of cable companies that offer triple-play packages including voice services.

Industry Consolidation

"Pursue Selective Acquisitions" is one of Consolidated's stated business strategies.[2]

Industry consolidation continues despite tough economic conditions - ex. CenturyTel's $11.6 billion offer for Embarq on Oct. 27, 2008. Consolidated itself is often rumored as a consolidation target.

Consolidated acquired North Pittsburgh Systems, Inc. on December 31, 2007, adding over 127,000 Access Line Equivalents for a total consideration of $375.1 million.[3]

Valuation

In a RLEC industry comparison, Stifel Nicolaus suggests EBITDA per access line is appropriate. [4]

Competition

Other RLECs:




References

  1. CNSL 2007 10-K
  2. CNSL 2007 10-K
  3. http://www.nptc.com/aboutus_news_consolidated.asp Joint CNSL, NPSI announcement
  4. http://www.telecomassn.org/conferences/2004/summer/2008StifelRLECMonitor.pdf
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