Consolidated Cites Planned Fiber Expansion Amid Searchlight Deal

Searchlight Capital Partners and British Columbia Investment Management's purchase of Consolidated Communications will allow the company to "continue its multi-pronged fiber expansion strategy and position itself to become a leading fiber provider across the United States," Consolidated said in a transfer of control application posted Monday (see 2310160065). Consolidated said it plans to expand 1 Gbps coverage in its current network and "improve operational efficiency across its approximately 59,000 fiber route miles and two million fiber strand miles." The company said tariffs will remain unaffected because investors have "no plans to change Consolidated's current rates or terms and conditions of services."