Will Feuer

Consolidated Communications has agreed to be bought for $3.1 billion, including debt, in a take-private deal that will remove the fiber company from the public markets as it grapples with higher interest rates and rising costs. Searchlight Capital Partners, a private-equity firm that already owns more than 34 percent of Consolidated Communications, and British Columbia Investment Management agreed to pay $4.70 a share for the company. The company has faced various challenges as it works to build up its next-generation fiber network.

For AT&T, the fastest home internet needs wires. The telecommunications giant is expanding its network of fiber-optic cables to deliver fast internet speeds for customers, including those in places where it doesn’t already provide broadband. The plan doesn’t come cheap.

Consumers increasingly are ditching traditional broadband plans for more-affordable 5G fixed-wireless internet service. In response, cable companies say they may be losing some battles, but in the end they’ll win the war—and that customers who have switched will return.

The federal government is missing a crucial link in its plan to greatly expand access to high-speed internet service in rural America: enough workers to get the job done. Fiber splicers—the workers who install, maintain and repair wired broadband networks—are in short supply. “We’re running around like chickens with our heads cut off,” says Jason Jolly, chief executive of Fiberscope LLC, a Sullivan (MO)-based company that does contracted fiber-splicing work.

Best Buy’s Jitterbug Flip phone stopped working for some customers after the start of the new year following the planned shutdown of Verizon’s 3G network on December 31, 2022. “As a result of network updates made on January 2, [2023] some customers with a Jitterbug Flip phone are experiencing a disruption to their service,” Best Buy said.

AT&T will launch broadband services in states it doesn’t currently serve by forming a joint venture with BlackRock to fund the rollout of fiber-optic networks in new markets. The venture with BlackRock Alternatives will be called Gigapower LLC and aims to reach an initial 1.5 million customer locations across the US. The companies didn’t disclose the financial terms of the deal or the states they would seek to serve. The joint venture will be in addition to ATT's current goal of reaching more than 30 million fiber locations, including businesses, by the end of 2025.