MATTOON, Ill., Nov. 30 /PRNewswire-FirstCall/ -- Consolidated Communications Holdings, Inc. and the International Brotherhood of Electrical Workers (IBEW) Local Union No.702 today announced membership ratification of a new three-year labor agreement. The contract is retroactive to November 15, 2005 and will continue through November 15, 2008 and covers more than 400 hourly employees in Illinois, including operators, technicians, customer service representatives and clerical employees.
"We have enjoyed excellent labor relations and are pleased with the outcome of this negotiation," said Bob Currey, president and chief executive officer of Consolidated Communications.
"Consolidated has been an excellent employer for our members," said Ed Phillips, Business Representative of IBEW Local No. 702. "We reached a fair agreement covering the next three years and look forward to a continued strong relationship with Consolidated in the future."
About Consolidated Communications
Consolidated Communications Holdings, Inc. is an established rural local exchange company (RLEC) providing communications services to residential and business customers in Illinois and Texas. Each of the operating companies has been providing service in its local markets for over 100 years. With approximately 245,000 local access lines and approximately 36,000 digital subscriber lines (DSL), Consolidated Communications offers a wide range of telecommunications services, including local dial tone, custom calling features, private line services, long distance, dial-up and high-speed Internet access, carrier access and billing and collection services. Consolidated Communications is the 15th largest local telephone company in the United States.
About The International Brotherhood of Electrical Workers (IBEW)
The International Brotherhood of Electrical Workers (IBEW) represents approximately 750,000 members who work in a wide variety of fields, including utilities, construction, telecommunications, broadcasting, manufacturing, railroads and government. The IBEW has members in both the United States and Canada and stands out among the American unions in the AFL-CIO because it is among the largest and has members in so many skilled occupations.
Safe Harbor
This release contains forward-looking statements regarding future events and the future performance of Consolidated Communications Holdings, Inc. that involve risks, uncertainties and assumptions that could cause actual results to differ materially including, but not limited to, economic conditions, customer demand, increased competition in the relevant market and others. Please see the section entitled "Risk Factors" in our prospectus dated July 21, 2005, as well as the documents that we file from time to time with the Securities and Exchange Commission, such as the Company's Form 10-Q for the quarter ended September 30, 2005, which contain additional important factors that could cause our actual results to differ from our current expectations and from the forward-looking statements discussed during in this presentation. Because of these risks, uncertainties and assumptions, you should not place undue reliance on the forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any such forward-looking information, whether as a result of new information, future events or otherwise.
Consolidated Communications Holdings, Inc.
CONTACT: Laura ZuHone, Director - Corporate Communications ofConsolidated Communications, +1-217-234-5965, Laura.ZuHone@consolidated.com;or Investor Relations: Kirsten Chapman, or David Barnard, David@lhai-sf.com,both of Lippert / Heilshorn & Associates, +1-415-433-3777, for ConsolidatedCommunications
Web site: http://www.consolidated.com/
http://www.redorbit.com/news/display/?id=317069
Published: 2005/11/30 09:00:27 CST
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