Consolidated taps DZS for fibre rollout; secures PUC approval for Searchlight transaction

27 Jul 2021

Consolidated Communications has enlisted DZS to act as a key partner in its gigabit fibre-optic network expansion initiative, which will cover 70% of the telco’s overall service area. The rollout is scheduled to pass more than 1.6 million homes and business, including 27,000 locations supported by the Rural Digital Opportunities Fund (RDOF). The vendor describes it as ‘one of the most advanced, large-scale and high-performance network buildouts of 10Gbps-capable broadband access technology in North America’. The five-year XGS-PON expansion is already underway, the companies have noted.

In other news, Consolidated Communications has provided an update regarding its ongoing stake sale to Searchlight Capital Partners. Earlier this month the telco said it received all required state Public Utilities Commission (PUC) regulatory approvals necessary for the conversion of the contingent payment right (CPR) issued to an affiliate of Searchlight. While the initial USD350 million investment was completed on 2 October, the second phase of the deal remains conditioned on the receipt of Federal Communications Commission (FCC) approval. Following the ‘Second Closing’, Searchlight will hold approximately 35% of the telco’s common stock on an as-converted basis.

United States, Consolidated Communications, DZS, Searchlight Capital