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Consolidated Communications Closes On Second Stage Of Searchlight Capital Partners’ Investment In Company Of $75 Million

PRIVATEDec 07, 2021
MattoonHardwareVoipWireless

Description

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”) today announced that it has secured FCC approval and closed on the second stage of the previously disclosed investment transaction with an affiliate of Searchlight Capital Partners, L.P. (“Searchlight”) in an amount of $75 million, as part of the aggregate $425 million investment from affiliates of Searchlight in the Company.

Quick answer

Consolidated Communications raised an undisclosed amount in a funding round, dated December 7, 2021. Consolidated Communications is based in Mattoon, Illinois, United States.

How much did Consolidated Communications raise?
Consolidated Communications raised an undisclosed amount in a funding round on December 7, 2021.
What does Consolidated Communications do?
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is dedicated to moving people, businesses and communities forward by delivering the latest reliable communications solutions.
Where is Consolidated Communications based and how big is it?
Consolidated Communications is based in Mattoon, Illinois, United States.

Source: Fundz verified event record.

Who else raised in Hardware and Voip around the same time

Companies in the same sectors as Consolidated Communications that raised within 45 days of this round, from Fundz verified event records.

  • Wytec International raised an undisclosed amount on January 19, 2022.
  • Guerrilla RF raised $4.4M (Seed) on November 17, 2021.
  • Guerrilla RF raised $7.2M on November 5, 2021.
  • DUSTPHOTONICS raised $33M (Funding Round) on October 28, 2021.
  • Baylin Technologies raised $160K (Pre-Seed) on October 25, 2021.
  • Qarmatek raised $3M (Seed) on January 21, 2022.

Who to call at Consolidated Communications, and when

A new round usually means Consolidated Communications is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Consolidated Communications

Location

Mattoon, Illinois, United States

About

Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is dedicated to moving people, businesses and communities forward by delivering the latest reliable communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning 50,000 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support. Learn more at consolidated.com.

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Consolidated Communications raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.