M&A Deal Summary

Consolidated Communications Acquires Champaign Telephone

On April 18, 2016, Consolidated Communications acquired communications company Champaign Telephone

Acquisition Highlights
  • This is Consolidated Communications’ 5th transaction in the Communications sector.
  • This is Consolidated Communications’ 5th transaction in the United States.
  • This is Consolidated Communications’ 2nd transaction in Illinois.

M&A Deal Summary
Date 2016-04-18
Target Champaign Telephone
Sector Communications
Buyer(s) Consolidated Communications
Deal Type Add-on Acquisition

Target

Champaign Telephone

Champaign, Illinois, United States
Champaign Telephone Co. is a provider of communication services.

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Buyer(S) 1

Buyer

Consolidated Communications

Mattoon, Illinois, United States
Category Company
Founded 1894
Sector Communications
Employees3,180
Revenue 1.1B USD (2023)
DESCRIPTION

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. The geographic areas the Company serves are characterized by a balanced mix of growing suburban areas and stable, rural territories. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

DEAL STATS #
Overall 5 of 6
Sector (Communications) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Illinois) 2 of 2
Country (United States) 5 of 6
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Big Broadband Services

Urbana, Illinois, United States

Big Broadband Services is a provider of business communication services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Fairpoint Communications

Charlotte, North Carolina, United States

Fairpoint Communications, Inc. is a provider of advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Fairpoint was formed in 1991 and is based in Charlotte, North Carolina.

Buy $1.5B
Mergr

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Company

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