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CONSOLIDATED COMMUNICATIONS HOLDINGS, INC.

(CNSL)
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Consolidated Communications : Keeping Communities Connected During Northern California's Summer

05/07/2021 | 05:38pm EDT

Readying the network for extreme heat, high winds and increasing wildfire risks

ROSEVILLE, Calif. - May 7, 2021 -Consolidated Communications (NASDAQ: CNSL) wants customers to know its crews are prepared to keep communities connected through Northern California's extreme summer heat and increasing wildfire risks.

Consolidated Communications maintains an extensive fiber-optic network that provides broadband services to homes and businesses in Greater Sacramento. Protecting the Company's fiber network and customers' services is a top priority, especially as much of the region is relying on broadband connectivity during the ongoing COVID-19 pandemic. These cables carry little to no electrical charge, thus little risk of causing a fire. However, they can be damaged by extreme heat and fire, causing interruptions to local broadband and telephone service. Following another dry winter, wildfire season is lengthening and strengthening throughout much of the region.

'Our top priorities are the safety of our employees and maintaining broadband services for our customers,' said Ron Fischer, senior director of operations for the Pacific region. 'We take our responsibility in keeping our California customers connected very seriously. Our crews are prepared for a wide range of risks and potential dangers.'

Network maintenance reaches far beyond fiber cables, and crews have been trimming back vegetation and brush from all equipment sites. Fiber lines are inspected frequently for potential risk, especially in rural areas that are susceptible to brush fires. Throughout the course of business, all crews are on high alert, reporting any potential hazards for swift remedy. Technicians also maintain grounds around company parking lots to reduce risk of combustion from exhaust systems.

During high risk weather, local power may be shutoff to reduce wildfire risk, which may lead to broadband service interruptions. Consolidated utilizes backup power where available; however, customers impacted by public safety power shutoffs may not be able to access the Internet. We encourage customers to keep mobile phones charged, and hardcopy lists of important information, phone numbers and locations. Once commercial power is restored, customers may need to reset their modems.

Consolidated maintains robust practices and policies to protect the health and safety of employees, including preventing heat injuries. Employees are trained annually on treating and identifying early signs of dehydration, heat exhaustion and heat stroke. Technicians carry additional water during the summer months and are instructed to use on-board air conditioning in their vehicles.

More information on Consolidated's wildfire and emergency preparedness plan is available on its website at http://www.consolidated.com/prepare.

About Consolidated Communications
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is a leading broadband and business communications provider serving consumers, businesses, and wireless and wireline carriers across rural and metro communities and a 23-state service area. Leveraging an advanced fiber network spanning 47,400 fiber route miles, Consolidated Communications is a top-10 fiber provider in the U.S. offering a wide range of communications solutions, including: high-speed Internet, data, phone, security, managed services, cloud services and wholesale, carrier solutions. From our first connection 125 years ago, Consolidated is dedicated to turning technology into solutions, connecting people and enriching how they work and live. Visit www.consolidated.com for more information.

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Disclaimer

Consolidated Communications Holdings Inc. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 21:37:03 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 1 289 M - -
Net income 2021 -10,4 M - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 706 M 706 M -
Capi. / Sales 2021 0,55x
Capi. / Sales 2022 0,57x
Nbr of Employees 3 200
Free-Float 97,4%
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Mean consensus HOLD
Number of Analysts 3
Average target price 7,33 $
Last Close Price 8,83 $
Spread / Highest target -9,40%
Spread / Average Target -16,9%
Spread / Lowest Target -32,0%
Managers and Directors
NameTitle
C. Robert Udell President, Chief Executive Officer & Director
Steven L. Childers Chief Financial Officer
Robert J. Currey Chairman
Tom White Chief Technology Officer
John Joseph Lunny Chief Information Officer
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