Consolidated Communications Holdings, Inc. announced it has completed its acquisition of FairPoint Communications, Inc. an all-stock transaction valued at approximately $1.3 billion including debt and based on present equity value. Bob Udell will continue to serve as president and chief executive officer and Steve Childers will serve as chief financial officer of the combined company. As part of the merger agreement, Consolidated has appointed Wayne Wilson, a New Hampshire resident who previously served on the FairPoint Board, to the Consolidated Communications Board at closing.