On December 19, 2023, Consolidated Communications announced that it has filed a letter to shareholders in connection with its upcoming special meeting of shareholders, urging to vote for the proposed acquisition of the Company by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation at the special meeting is scheduled to be held on 31 January 2024. The Company's board of directors recommends that the offer of USD4.70 per share represents the best risk-adjusted outcome for shareholders, particularly considering the significant risks associated with the Company's prospects as a public company with limited access to capital.