News : Consolidated Communications to Acquire Champaign Telephone Company
Mattoon, Ill, USA, April 18, 2016 -- Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) announced it has entered into a definitive agreement to acquire Champaign Telephone Company (CTC) and its sister company, Big Broadband Services, a private business communications provider in the Champaign-Urbana, Ill. area.
"We are excited to welcome CTC customers to the Consolidated Communications family and look forward to building upon the strong business Mike and his team have built in the greater Champaign-Urbana, Ill. area," said Bob Udell, president and chief executive officer of Consolidated Communications. "This acquisition would add 275 fiber route miles and 310 lit buildings to our existing fiber network which extends to Champaign, Ill., a community located just 50 miles north from our Mattoon, Ill. headquarters. It’s a great fit with our focus on expanding our fiber network and commercial services"
"I believe this agreement will take CTC customers to the next level and provide important benefits to the community as well." said Mike Hosier, owner of CTC.
Posted by Veronica Silva Cusi, news correspondent
Source: Consolidated Communications Holdings, Inc.
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Published: Tuesday, April 19, 2016