Middle Point Home Telephone Company entered into a definitive agreement to acquire Ohio Assets of Consolidated Communications Holdings, Inc. for approximately $26 million.

Middle Point Home Telephone Company entered into a definitive agreement to acquire Ohio Assets of Consolidated Communications Holdings, Inc. for approximately $26 million on September 22, 2021. Consolidated's Ohio operations contributed approximately $9 million of revenue in fiscal 2020. The closing on this agreement is subject to customary regulatory approvals, which are expected to be completed by the end of the year.

As of October 29, 2021, the transaction is expected to close in the first quarter of 2022. Lazard Middle Market, LLC served as financial advisor to Consolidated Communications on the transaction.