Consolidated Communications

Consolidated Communications
Formerly called
 Roseville Telephone Company(1914–2003)
Industry Telecommunications
Founded 1914 (1914) as the Roseville Telephone Company in Roseville, California, United States
Founder William Doyle
Headquarters Roseville, California, United States
Parent Consolidated Communications

Consolidated Communications, formerly SureWest, is an American telecommunications company based in Roseville, California, serving the Greater Sacramento Valley and Kansas City region markets.

History

SureWest was founded in 1914 by William Doyle as the Roseville Telephone Company – SureWest became the official name in 2003.

By late 2000, SureWest's territory had grown to serve (incumbent local exchange carrier) the California areas of Roseville, Citrus Heights, Granite Bay, Rocklin and Antelope. With the purchase of the bankrupt WINfirst in 2002, service was extended and has continued to grow in (competitive local exchange carrier) the California areas of Sacramento, Carmichael, Elk Grove and Lincoln.

Services provided are telephone, voice over IP, DSL (15 Mbit/s/1 Mbit/s, 10 Mbit/s/768 kbit/s, 6 Mbit/s/768 kbit/s, 3 Mbit/s/768 kbit/s, 1 Mbit/s/128 kbit/s), FTTH for competitive local exchange carrier areas up to 100 Mbit/s data both ways, IPTV in HD for copper customers with a bonded DSL modem, and IPTV in HD for FTTH customers.

In May 2004, SureWest Telephone introduced new "unlimited" calling plans for residential and small business customers, which offered significant savings when services are bundled with any combination of high-speed Internet, digital television, and wireless service.[1]

On December 6, 2007, SureWest acquired Everest Communications in Kansas and Missouri.[2] Following the acquisition, SureWest had a presence in California, Kansas and Missouri.

On January 22, 2008, SureWest announced the sale of its wireless network assets and spectrum licenses to Verizon Wireless. The sale closed in the second quarter of 2008.[3]

On April 6, 2009, SureWest launched a weekly 30-minute youth and high school sports program that can be viewed on SureWest digital television and online.[4]

On February 5, 2012, SureWest was acquired by Consolidated Communications for $23 per share in a combination of cash and stock, a 47% premium above Friday's close. Including net debt, that put the total purchase price at about $535 million: $340 million plus $195 million. Consolidated arranged financing of $350 million through Morgan Stanley for the cash portion plus the refinancing of SureWest's debt.

In early 2014, SureWest officially took on the Consolidated Communications name, encouraging consumers to call it "CCI".

See also

References

  1. ↑ "SureWest's Unlimited Local and Long Distance Calling Plans Bring Value and Convenience".
  2. ↑ "SureWest Communications Reaches Agreement to Acquire Everest Broadband".
  3. ↑ "Verizon Wireless to Purchase SureWest Communications Wireless Assets".
  4. ↑ "SureWest Launches the First Television Program to Highlight Sacramento Region's Youth and High School Sports". Yahoo! Finance.

External links

This article is issued from Wikipedia - version of the Monday, March 14, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.