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Tuesday, December 22, 2009 at 11:40AM Source: Consolidated Press Release
As mentioned in its press release for third quarter results, the board of directors of Consolidated Communications Holdings, Inc. (Nasdaq:CNSL) has declared a quarterly dividend of $0.38738 per share on the company's common stock. The dividend is payable on February 1, 2010 to stockholders of record at the close of business on January 15, 2010.
Monday, December 21, 2009 at 7:29AM Source: Qwest Press Release
Qwest Communications International (NYSE:Q) announced that it has entered into a new revolving credit facility. The new $1.035 billion agreement expires on Sept. 30, 2013, and replaces the company’s pre-existing revolving credit agreement that was scheduled to expire on Oct. 21, 2010. Wachovia Bank, National Association – an affiliate of Wells Fargo Securities, LLC – acts as administrative agent under the new agreement.
The new credit agreement is currently un-drawn. If drawn, proceeds would be used to provide liquidity for general corporate purposes, including working capital, capital expenditures and debt refinancing. Any amounts drawn on the new agreement are guaranteed by the Qwest Services Corporation (QSC) subsidiary and are secured by a senior lien on the stock of the Qwest Corporation (QC) subsidiary. The bank syndication supporting the new agreement is comprised of a diverse group of 13 banks.
Credit Facilities, Qwest:Q in The RBOC Monitor Monday, December 21, 2009 at 3:46AM Source: Fairpoint Press Release
FairPoint Communications (NYSE:FRP) has named Vermont native Michael K. Smith as Vermont State President. He will be responsible for regulatory matters, governmental relations, and economic development for Vermont.
Smith brings a long and distinguished career with him from U.S. Navy SEAL to the Vermont House of Representatives to Hardwick Town Manager to Secretary of Administration in Vermont state government. He served as Secretary of Administration on two different occasions; first from 2003-2005, and then 2006-2008. He also served as Secretary of Human Services from 2005-2006, and Deputy State Treasurer from 1995-1999. Before he became Secretary of Administration in 2003, Smith was the chief operating officer of Yankee Captive Management, Inc., in Burlington. He also worked as the general manager of the Public Employer Risk Management Association in Albany, New York, and as the vice president of MMA Consulting Group, Inc., in Boston, Massachusetts. He was the town manager of Hardwick in the early 1980s.
"We are delighted to have Mike join FairPoint in this very important role. His knowledge of state government, and business and community organizations in Vermont will help FairPoint continue to build lasting relationships within Vermont as we continue to improve and expand communication services," says Peter Nixon, president of FairPoint Communications.
Smith is a graduate of the University of Vermont where he received both a Bachelor of Arts degree and a Master of Arts degree in political science. Born in Rutland, he now lives in Essex with his wife Mary. He has two daughters who attend college.
Friday, December 18, 2009 at 9:28AM Source: TDS Press Release
Telephone and Data Systems (NYSE: TDS, TDS.S), announced that its board of directors has determined to nominate Gary Sugarman and Clarence Davis for election by the holders of Common Shares and Special Common Shares at TDS' 2010 annual meeting of shareholders.
TDS is taking this action at this time pursuant to the terms of a Settlement Agreement dated April 24, 2009 between TDS and GAMCO Asset Management. As a result of the TDS Board's determination, GAMCO will vote for and support the candidates nominated by the TDS Board for election by the holders of Common Shares and Special Common Shares at TDS' 2010 annual meeting of shareholders, including Gary Sugarman and Clarence Davis.
GAMCO and its affiliates own approximately 10 and 7 percent, respectively, of the Common Shares and Special Common Shares of TDS.
The TDS Board will consider and take action with respect to the other nominees for election as directors at the 2010 annual meeting of shareholders at the customary time in 2010.
Thursday, December 17, 2009 at 7:26AM Source: Qwest Press Release
Qwest Communications (NYSE:Q) announced its board of directors declared a quarterly dividend of $0.08 per share. The quarterly dividend is payable on March 12, 2010, to all stockholders of record at the close of business on Feb. 19, 2010.
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