Consolidated Communications wraps up the sale of its Washington assets
Consolidated Communications has completed the sale of its Washington assets to Palisade Infrastructure, effective May 1, 2024.
Initially announced last August, this divestiture aligns with the company’s ongoing strategic asset review and focuses on its fiber expansion plans in core broadband regions.
Consolidated’s Washington operations include about 9,950 data connections and 8,500 access lines and contributed approximately $20 million of revenue in fiscal 2023.
Lazard served as the exclusive financial advisor to Consolidated on the transaction.
Palisade is familiar with Washington State’s fiber broadband market, having previously struck a deal to acquire Rainier Connect in December 2022. The company intends to develop a regional fiber and high-speed broadband connectivity platform by investing in these markets, which will benefit all stakeholders, including employees, customers, and communities.
About the Author
Sean BuckleySean Buckley
Sean is the Editor-in-Chief of Lightwave. He establishes and executes Lightwave's editorial strategy across its website, email newsletters, events, and other information products. Before coming to Lightwave in July 2023, he served as editor of Broadband Communities. Earlier, he served as senior editor of FierceTelecom and the editor of the former Telecommunications Magazine. He got his start in the optical industry in 1998 when he became the editor of enterprise and optical networks at Information Gatekeepers. He has a BA in English from the University of Massachusetts, Boston, and lives in Dracut, Mass, with his wife, two sons, and his cat, Dove.
