Champaign Telephone Co (CPHT) stock price


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Who was Champaign Telephone (stock symbol: CPHT)?

Champaign Telephone Company was one of the largest providers of telecom services in Illinois. For more than 160 years, CTC delivered local, long-distance, internet, and cable TV service to residential customers in Champaign, Urbana, Savoy, Rantoul, Mahomet-Seymour, Monticello, and many surrounding areas.

Champaign Telephone Company, Inc. provided quality telecommunications services to Champaign County for over 100 years. They were locally owned and operating with a mission of providing affordable service to all of our customers. Champaign Telephone Company was committed to being the one-stop-shop for all telephone needs. They offered residential and business landline telephone service, high-speed internet, TV service, long distance, home security monitoring, and more.

In 2016 the company was acquired by Consolidated Communications Holdings. This acquisition created a new opportunity to provide customers with improved service at better prices.

What was Champaign Telephone's business model?

Champaign Telephone Company, Inc. was a member of the National Exchange Carrier Association (NECA). Champaign Telephone Company has been in business since 1906, established initially as the Champaign Long Distance Phone Company. As one of the first independent telephone companies in Illinois, they have also been a leader in the industry for over 100 years. Champaign Telephone Company has earned five-star reviews from customers nationwide, from competitive rates to household-friendly customer service.

Champaign Telephone Company, Inc. offered a complete line of telecommunications services that provide the convenience and security of an independent local telephone company. With an emphasis on customer service, environmental responsibility, and community involvement, they were dedicated to providing reliable and affordable phone service to every customer in our service area.

Why did Champaign Telephone (CPHT) rebrand Champaign Telephone Company (CTC)?

Champaign Telephone Company (CTC) rebranded as Consolidated Communications. There are a few reasons why this change makes a lot of sense for a company like Champaign Telephone Company. First and foremost, the community-driven telecommunications company has looked at the desires and expectations of their customers and decided to embrace them by capitalizing on their strengths. Secondly, by becoming Consolidated Communications, they'll be able to provide better service than before. They will also continue to offer phone service in Champaign County but expand into other counties as well.

"This company decision will allow us to serve the Champaign area better while more effectively competing in this ever-changing marketplace we call the telecom industry," said Mike Santoro, President, and CEO.

"The new name reflects our commitment to providing advanced broadband services and advanced features," said President and CEO Kevin O'Brien. "Consolidated Communications Holdings will provide CTC with an exciting new future that will enable us to better serve our customers with unmatched communications solutions that include voice, data, Internet, and video."

The change of name happened on March 29th, 2016. The merger took full effect in the spring of 2020 and involved CTC's telephone customers in Champaign and Vermillion Counties.