Consolidated Communications Holdings Reports Second Quarter 2008 Results

Thursday, August 7th, 2008
Consolidated Communications logo

IPTV in Pennsylvania and DVR in all markets are off to strong start

MATTOON, Ill. — Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reported results for the second quarter and six-month period ended June 30, 2008.

“With revenues of $106.4 million and Adjusted EBITDA of $48.3 million, we continue to deliver strong financial results,” said Bob Currey, Consolidated’s president and CEO. “In the quarter, we celebrated a key milestone by breaking the 100,000 mark for total broadband connections. Both our broadband and VOIP offerings continue to demonstrate excellent growth. Additionally, we are pleased with the strong start and customer reaction to the April DVR launch and IPTV rollout in Pennsylvania.”

IPTV subscribers were 14,112, an increase of 4,535, or 47.4%.

Operating Statistics:

                           June 30,     March 31,    June 30,
                             2008         2008         2007
                          ---------    ----------   ----------
Total IPTV subscribers      14,112        13,026        9,577
IPTV Homes passed          129,872       107,631      107,631

More: Earnings Release