Consolidated Communications Reports Record Consumer Fiber Broadband Net Adds and Announces First Quarter 2023 Financial Results

Consolidated Communications reported results for the first quarter of 2023. The company:

• Achieved record consumer fiber broadband net adds of 12,337, an increase of 60% versus the first quarter of 2022. Consumer broadband net adds were positive by 2,404;
• Grew consumer fiber broadband revenue by 56% and increased the average-revenue-per-user (ARPU) by 5.7%;
• Completed 53,858 fiber upgrades to Gigabit+ speeds, now extending fiber-to-the-premises (FttP) capabilities to 40% of the addressable market.