Consolidated's Sale to Private Equity Gets FCC Nod

Consolidated Communications' purchase by Searchlight Capital Partners and British Columbia Investment Management has a green light from the FCC. The deal will serve the public interest, the FCC Wireline and Wireless Bureaus and Office of International Relations said in an order Monday as they also waived agency rules governing foreign equity and voting interests for entities holding common carrier wireless licenses. The roughly $3.1 billion deal was announced in October 2023 (see 2310160065).