Two US integrated fixed line network operators, Consolidated Communications and SureWest Communications have entered into a definitive agreement under which Consolidated will acquire all the outstanding shares of SureWest in a cash and stock transaction valued at USD340.9 million, exclusive of debt. The new combined company will have operations in six states and approximately 1,775 employees. SureWest currently serves 130,000 residential subscribers and 15,700 commercial businesses in the greater Kansas City and Sacramento regions. Consolidated Communications provides a wide range of services including voice, data and video to residential and business customers in Illinois, Pennsylvania and Texas. On a pro forma basis, for the twelve months ending 30 September 2011 the combined company would have had revenues of approximately USD620 million.