Consolidated Communications Holdings
May 8, 2008

Consolidated Communications Holdings Reports First Quarter 2008 Results

MATTOON, Ill., May 8, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) today announced results for the first quarter ended March 31, 2008. The following reflects consolidated results from Illinois, Texas and Pennsylvania.

 The company reported:

    -- Revenues were $105.4 million.
    -- Adjusted EBITDA was $49.2 million.
    -- Net cash provided by operations was $25.0 million.
    -- Dividend payout ratio was 72.2 percent.

"We are off to a great start in 2008," said Bob Currey, Consolidated's president and chief executive officer. "Our first quarter financial results are strong, we had another solid quarter of DSL growth and we have made great progress on completing our IPTV suite of products in all markets."

"With our Pennsylvania integration ahead of schedule and approximately $4.0 million in cost savings already realized, we continue to be confident that we will meet or exceed our original synergy projections of $7.0 million in 2008 for the North Pittsburgh transaction. In late April, we launched IPTV service in Pennsylvania and rolled out DVR in all our markets. The DVR offering completes our current IPTV suite and provides Consolidated with an even more competitive product. The Pennsylvania IPTV launch gives us a triple play bundle that has demonstrated strong consumer demand in other markets and we expect it to have a positive impact on access line and broadband performance," Currey concluded.

    Operating Statistics at March 31, 2008, Compared to December 31, 2007
    -- Total connections were 455,745, an increase of 3,453, or 0.8 percent.
    -- Total local access lines were 282,641, a decrease of 3,545, or
       1.2 percent.
        o Our existing IL and TX operations had a decrease of 2,500, or
          1.1 percent.
        o Our new Pennsylvania operations had a decrease of 1,045, or
          1.7 percent.
    -- ILEC Broadband connections were 97,339, an increase of 3,761, or
       4.0 percent.
        o DSL subscribers were 84,313, an increase of 2,976, or 3.7 percent.
        o IPTV subscribers were 13,026, an increase of 785, or 6.4 percent.
    -- ILEC VOIP lines were 2,938, an increase of 473, or 19.2 percent.
    -- CLEC access line equivalents were 72,827, an increase of 2,764, or
       3.9 percent.

As of January 1, 2008 and for the quarter ended March 31, 2008, our operating statistics include metrics and results associated with our acquisition of North Pittsburgh Systems Inc. In addition, the company is now including VOIP lines and CLEC access line equivalents in its total connection count and reflecting PRI voice grade equivalents in its access line count for the Pennsylvania ILEC consistent with its methodology in Illinois and Texas and industry norms. Under the previous North Pittsburgh methodology, Pennsylvania ILEC access line loss would have been 2.3 percent for the first quarter of 2008. These adjustments have no impact on revenue and comparable historical figures are provided in the accompanying tables.

Steve Childers, Consolidated's chief financial officer, stated, "As expected, our financial results were very strong in the quarter. Quarterly revenue of $105.4 million, adjusted EBITDA of $49.2 million and a solid dividend payout ratio were all in line with our expectations for the consolidated business. Additionally, on April 1, we completed the redemption of $130.0 million of our 9.75% Senior Notes. By limiting borrowing to $120.0 million from a delayed term facility, we effectively realized a $10.0 million reduction of debt and annualized cash interest savings of $4.0 million.

Cash Available to Pay Dividends

For the first quarter 2008, cash available to pay dividends, or CAPD, was $15.7 million and the dividend payout ratio was 72.2 percent. At March 31, 2008, cash and cash equivalents were $34.3 million. The company made capital expenditures of $13.3 million during the first quarter.

    Financial Highlights for the First Quarter Ended March 31, 2008
    -- Revenues were $105.4 million, compared to $83.0 million in the first
       quarter of 2007.  Revenues excluding the impact from the North
       Pittsburgh acquisition were $81.5 million, a decrease of $1.5 million.
       The decline was primarily driven by decreases in Local Calling Services
       and Network Access Services, partially offset by an increase in Data
       and Internet revenue.  The reduction in Local and Network Access
       revenue was primarily attributable to $1.2 million in carrier billing
       settlements that were recognized in 2007.  The increase in Data and
       Internet revenue was driven by continued growth in DSL and IPTV
       subscribers.
    -- Depreciation and amortization was $22.9 million, compared to
       $16.6 million in the first quarter of 2007.  The $6.3 million increase
       was primarily driven by increased depreciation associated with the
       fixed assets acquired and the amortization of intangible assets
       recognized in conjunction with the acquisition of North Pittsburgh.
    -- Income from operations was $20.5 million, compared to $18.4 million in
       the first quarter of 2007.
    -- Interest expense, net was $18.1 million, compared to $11.4 million in
       the same quarter last year.  The increase was primarily driven by the
       incremental debt and terms of the new credit facility associated with
       the North Pittsburgh acquisition.
    -- Other income, net was $4.1 million, compared to $1.3 million for same
       period in 2007.  As part of the acquisition of North Pittsburgh, the
       company acquired interests in three additional cellular partnerships,
       which contributed approximately $3.0 million of income during the
       period.
    -- Income tax expense was $2.9 million, compared to $3.7 million in 2007.
       The decrease was driven by lower pre-tax income.
    -- Net income was $3.7 million, compared to $4.6 million in the first
       quarter of 2007.
    -- Net income per common share was $0.13, compared to $0.18 in the same
       quarter of 2007.  "Adjusted net income per share" excludes certain
       items in the manner described in the table provided in this release.
       On that basis, "adjusted net income per share" for the first quarter
       ended March 31, 2008 was $0.16, compared to $0.21 in the first quarter
       of 2007.
    -- Adjusted EBITDA was $49.2 million, compared to $37.2 million for the
       same period in 2007.  The increase was primarily driven by the impact
       of the North Pittsburgh acquisition.  Net cash provided from operating
       activities was $25.0 million, compared to $18.0 million for the same
       period in 2007.  The total net debt to last twelve month adjusted
       EBITDA coverage ratio was 4.6 times to one, and all coverage ratios
       were in compliance with our credit facility.

Financial Guidance

For 2008, the company provides the following updated full year guidance, including the Pennsylvania operations: Capital expenditures are expected to be in the range of $46.5 million to $49.5 million, including $2.0 million associated with integration related capital expenditures; cash interest expense is expected to be in the range of $64.0 million to $67.0 million; and cash income taxes are expected to be in the range of $12.0 million to $15.0 million.

Dividend Payments

On May 6, 2008, the company's board of directors declared its next quarterly dividend of $0.38738 per common share, which is payable on August 1, 2008 to stockholders of record at the close of business on July 15, 2008.

Conference Call Information

The company will host a conference call today at 11:00 a.m. Eastern Time / 10:00 a.m. Central Time to discuss first quarter earnings and developments in the business. The call is being webcast and can be accessed from the "Investor Relations" section of the company's website at http://www.consolidated.com. The webcast will also be archived on the company's website. If you do not have internet access, the conference call dial-in number is 1-800-642-1783. International parties can access the call by dialing 1-706-679-5600. A telephonic replay of the conference call will also be available starting two hours after completion of the call until May 12, 2008 at midnight Eastern Time. To hear the replay, parties in the United States and Canada should call 1-800-642-1687 and international parties should call 1-706-645-9291 and enter pass code 42996281.

Use of Non-GAAP Financial Measures

This press release, as well as the conference call, includes disclosures regarding "adjusted EBITDA", "cash available to pay dividends", "total net debt to last twelve month adjusted EBITDA coverage ratio", and "adjusted net income per share", all of which are non-GAAP financial measures. Accordingly, they should not be construed as alternatives to net cash from operating or investing activities, cash and cash equivalents, cash flows from operations or net income (loss) as defined by GAAP and are not, on their own, necessarily indicative of cash available to fund cash needs as determined in accordance with GAAP. In addition, not all companies use identical calculations, and these non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. A reconciliation of the differences between these non-GAAP financial measures and the most directly comparable financial measures presented in accordance with GAAP is included in the tables that follow.

Adjusted EBITDA is comprised of historical EBITDA, as adjusted for certain items permitted or required by the lenders under the credit facility in place at the end of each quarter in the periods presented. The tables that follow include an explanation of how adjusted EBITDA is calculated for each of the periods presented.

EBITDA is defined as net earnings (loss) before interest expense, income taxes, depreciation and amortization on an historical basis. We believe net cash provided by operating activities is the most directly comparable financial measure to EBITDA under GAAP. EBITDA is a non-GAAP financial measure.

Cash available to pay dividends represents adjusted EBITDA plus cash interest income less (1) cash interest expense, (2) capital expenditures, (3) cash taxes and (4) stock repurchases.

We present adjusted EBITDA and cash available to pay dividends for several reasons. Management believes adjusted EBITDA and cash available to pay dividends are useful as a means to evaluate our ability to fund our estimated uses of cash (including interest on our debt) and pay dividends. In addition, we have presented adjusted EBITDA and cash available to pay dividends to investors in the past because they are frequently used by investors, securities analysts and other interested parties in the evaluation of companies in our industry, and management believes presenting them here provides a measure of consistency in our financial reporting. Adjusted EBITDA and cash available to pay dividends, referred to as Available Cash in our credit agreement, are also components of the restrictive covenants and financial ratios contained in the agreements governing our debt that require us to maintain compliance with these covenants and limit certain activities, such as our ability to incur debt and to pay dividends. The definitions in these covenants and ratios are based on adjusted EBITDA and cash available to pay dividends after giving effect to specified charges. Other information related to these two non-GAAP financial measures, specifically "total net debt to last twelve month adjusted EBITDA coverage ratio", help put these three measures in context. As a result, management believes the presentation of adjusted EBITDA and cash available to pay dividends, as supplemented by these other items, provides important additional information to investors. In addition, adjusted EBITDA and cash available to pay dividends provide our board of directors with meaningful information to determine, with other data, assumptions and considerations, our dividend policy and our ability to pay dividends under the restrictive covenants in the agreements governing our debt and to measure our ability to service and repay debt.

These non-GAAP financial measures have certain shortcomings. In particular, adjusted EBITDA does not represent the residual cash flows available for discretionary expenditures, since items such as debt repayment and interest payments are not deducted from such measure. Similarly, while we may generate cash available to pay dividends, we are not required to use any such cash to pay dividends, and the payment of any dividends is subject to declaration by our board of directors, compliance with applicable law and the terms of our credit agreement.

Because adjusted EBITDA is a component of the Dividend Payout Ratio and the ratio of total net debt to last twelve month adjusted EBITDA, these measures are also subject to the material limitations discussed above. In addition, the ratio of total net debt to last twelve month adjusted EBITDA is subject to the risk that we may not be able to use the cash on the balance sheet to reduce our debt on a dollar-for-dollar basis. Management believes these ratios are useful as a means to evaluate our ability to incur additional indebtedness in the future and, together with adjusted net income per share, assist investors, securities analysts and other interested parties in evaluating both our company over time and the relative performance of the companies in our industry.

About Consolidated

Consolidated Communications Holdings, Inc. is an established rural local exchange company providing voice, data and video services to residential and business customers in Illinois, Texas and Pennsylvania. Each of the operating companies has been operating in its local market for over 100 years. With approximately 282,641 ILEC access lines, 72,827 Competitive Local Exchange Carrier (CLEC) access line equivalents, 84,313 DSL subscribers, and 13,026 IPTV subscribers, Consolidated Communications offers a wide range of telecommunications services, including local and long distance service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, and directory publishing. Consolidated Communications is the 13th largest local telephone company in the United States.

Safe Harbor

Any statements contained in this press release other than statements of historical fact, including statements about management's beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements are made on the basis of management's views and assumptions regarding future events and business performance. Words such as "estimate," "believe," "anticipate," "expect," "intend," "plan," "target," "project," "should," "may," "will" and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and uncertainties include our ability to successfully integrate North Pittsburgh's operations and realize the synergies from the acquisition, as well as a number of other factors related to our business, including various risks to shareholders of not receiving dividends and risks to Consolidated's ability to pursue growth opportunities if Consolidated continues to pay dividends according to the current dividend policy; various risks to the price and volatility of Consolidated's common stock; the substantial amount of debt and Consolidated's ability to incur additional debt in the future; Consolidated's need for a significant amount of cash to service and repay the debt and to pay dividends on the common stock; restrictions contained in the debt agreements that limit the discretion of management in operating the business; the ability to refinance the existing debt as necessary; regulatory changes, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with Consolidated's possible pursuit of acquisitions; economic conditions in the Consolidated service areas in Illinois, Texas and Pennsylvania; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of Consolidated's network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; and liability and compliance costs regarding environmental regulations. These and other risks and uncertainties are discussed in more detail in Consolidated's filings with the Securities and Exchange Commission, including our reports on Form 10-K and Form 10-Q. Many of these risks are beyond management's ability to control or predict. All forward-looking statements attributable to Consolidated or persons acting on behalf of us are expressly qualified in their entirety by the cautionary statements and risk factors contained in this press release and Consolidated's filings with the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, Consolidated does not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.

                              - Tables Follow -



                         Consolidated Communications
                    Condensed Consolidated Balance Sheets
                            (Dollars in thousands)
                                 (Unaudited)

                                                     March 31,    December 31,
                                                       2008          2007
    ASSETS
    Current assets:
      Cash and cash equivalents                      $34,295        $34,341
      Accounts receivable, net                        47,250         44,001
      Prepaid expenses and other current assets       19,122         21,273
    Total current assets                             100,667         99,615

    Property, plant and equipment, net               407,732        411,647
    Intangibles and other assets                     787,128        793,329
    Total assets                                  $1,295,527     $1,304,591

    LIABILITIES AND STOCKHOLDERS' EQUITY
    Current liabilities:
      Current portion of capital lease obligation     $1,029         $1,010
      Accounts payable                                16,134         17,386
      Accrued expenses and other current liabilities  66,210         66,547
    Total current liabilities                         83,373         84,943

    Capital lease obligation less current portion      1,371          1,636
    Long-term debt                                   890,000        890,000
    Other long-term liabilities                      181,564        168,324
    Total liabilities                              1,156,308      1,144,903

    Minority interests                                 4,594          4,322
    Stockholders' equity:
      Common stock, $0.01 par value                      295            294
      Paid in capital                                278,550        278,175
      Accumulated deficit                           (125,274)      (117,452)
      Accumulated other comprehensive income (loss)  (18,946)        (5,651)
    Total stockholders' equity                       134,625        155,366
    Total liabilities and stockholders' equity    $1,295,527     $1,304,591



                         Consolidated Communications
               Condensed Consolidated Statements of Operations
               (Dollars in thousands, except per share amounts)
                                 (Unaudited)

                                                       Three Months Ended
                                                            March 31,
                                                       2008           2007
    Revenues                                        $105,414        $82,980
    Operating expenses:
      Cost of services and products                   33,863         25,629
      Selling, general and administrative expenses    28,144         22,299
      Depreciation and amortization                   22,871         16,629
    Income from operations                            20,536         18,423
    Other income (expense):
      Interest expense, net                          (18,054)       (11,400)
      Other income, net                                4,105          1,283
    Income before income taxes                         6,587          8,306
    Income tax expense                                 2,878          3,687

    Net income                                         3,709          4,619

    Diluted net income per common share                $0.13          $0.18



                         Consolidated Communications
               Condensed Consolidated Statements of Cash Flows
                            (Dollars in thousands)
                                 (Unaudited)

                                                        Three Months Ended
                                                             March 31,
                                                        2008           2007
    OPERATING ACTIVITIES
     Net income                                        $3,709         $4,619
     Adjustments to reconcile net income to cash
      provided by operating activities:
       Depreciation and amortization                   22,871         16,629
       Non-cash stock compensation                        384            734
       Other adjustments, net                          (2,834)           418
     Changes in operating assets and liabilities, net     903         (4,429)
         Net cash provided by operating activities     25,033         17,971
    INVESTING ACTIVITIES
       Capital expenditures                           (13,285)        (8,187)
         Net cash used for investing activities       (13,285)        (8,187)
    FINANCING ACTIVITIES
       Proceeds from issuance of stock                    -               12
       Payments made on long-term obligations            (246)           -
       Payment of deferred financing costs               (181)          (320)
       Purchase and retirement of common stock             (8)           -
       Dividends on common stock                      (11,359)       (10,045)
         Net cash used in financing activities        (11,794)       (10,353)
    Net decrease in cash and cash equivalents             (46)          (569)
    Cash and cash equivalents at beginning of period   34,341         26,672
    Cash and cash equivalents at end of period        $34,295        $26,103



                         Consolidated Communications
                       Consolidated Revenue by Category
                            (Dollars in thousands)
                                 (Unaudited)

                                                       Three Months Ended
                                                            March 31,
                                                       2008           2007
    Telephone Operations
      Local calling services                         $26,950        $21,313
      Network access services                         24,458         18,318
      Subsidies                                       13,799         11,597
      Long distance services                           6,251          3,636
      Data and Internet services                      14,401          8,631
      Other services                                   9,115          9,014
    Total Telephone Operations                        94,974         72,509
    Other Operations                                  10,441         10,471
    Total operating revenues                        $105,415        $82,980



                         Consolidated Communications
                   Schedule of Adjusted EBITDA Calculation
                            (Dollars in thousands)
                                 (Unaudited)

                                                       Three months ended
                                                            March 31,
                                                       2008           2007
    Historical EBITDA:
    Net cash provided by operating activities        $25,033        $17,971
    Adjustments:
      Compensation from restricted share plan           (384)          (734)
      Other adjustments, net                           2,834           (418)
    Changes in operating assets and liabilities         (903)         4,429
    Interest expense, net                             18,054         11,400
    Income taxes                                       2,878          3,687
    Historical EBITDA (1)                             47,512         36,335

    Adjustments to EBITDA (2):
      Integration and restructuring (3)                1,082            172
      Other, net (4)                                  (4,377)        (1,455)
      Investment distributions (5)                     4,590          1,395
      Non-cash compensation (6)                          384            734

    Adjusted EBITDA                                  $49,191        $37,181

    Footnotes for Adjusted EBITDA:
    (1) Historical EBITDA is defined as net earnings (loss) before interest
        expense, income taxes, depreciation and amortization on a historical
        basis.
    (2) These adjustments reflect those required or permitted by the lenders
        under the credit facility in place at the end of each of the quarters
        included in the periods presented.
    (3) Represents certain expenses associated with integrating and
        restructuring the Texas, Illinois and Pennsylvania businesses. For the
        first quarter of 2008, this is comprised of $0.9 million of
        integration costs and $0.2 million of severance costs. For the first
        quarter of 2007, this is comprised of $0.2 million of integration
        costs.
    (4) Other, net includes the equity earnings from our investments, dividend
        income and certain other miscellaneous non-operating items.
    (5) For purposes of calculating adjusted EBITDA, we include all cash
        dividends and other cash distributions received from our investments.
    (6) Represents compensation expenses in connection with our Restricted
        Share Plan, which because of the non-cash nature of the expenses are
        being excluded from adjusted EBITDA.



                         Consolidated Communications
                       Cash Available to Pay Dividends
                            (Dollars in thousands)
                                 (Unaudited)

                                                 Three Months
                                             Ended March 31, 2008

    Adjusted EBITDA                               $49,191

    - Cash interest expense                       (17,802)
    - Capital Expenditures                        (13,285)
    - Cash income taxes                            (2,585)
    + Cash interest income                            224

    Cash available to pay dividends               $15,743

    Quarterly Dividend                            $11,359
    Payout Ratio                                     72.2%



                         Consolidated Communications
                 Total Net Debt to LTM Adjusted EBITDA Ratio
                            (Dollars in thousands)
                                 (Unaudited)

    Summary of Outstanding Debt
    Senior notes                                           $130,000
    Term loan                                               760,000
    Capital leases                                            2,400
    Total debt as of March 31, 2008                        $892,400
    Less cash on hand                                       (34,295)
    Total net debt as of March 31, 2008                    $858,105

    Adjusted EBITDA for the last twelve months
     ended March 31, 2008 (1)                              $188,091

    Total Net Debt to last twelve months
     Adjusted EBITDA                                            4.6 x


    (1) Per the new credit facility adjusted EBITDA has been agreed upon for
        the second and third quarters of 2007 at $90,600 and reflects a
        combined pro forma number for the fourth quarter 2007.
        Adjusted EBITDA for the fourth quarter 2007 is the sum of $11,264 for
        the Pennsylvania operations and $37,036 for the Illinois and Texas
        operations. Adjusted EBITDA reflects actual results for the first
        quarter of 2008.



                         Consolidated Communications
                    Adjusted Diluted Net Income Per Share
                            (Dollars in thousands)
                                 (Unaudited)

                                                         Three Months Ended
                                                        March 31,    March 31,
                                                          2008         2007

    Reported net income applicable to common
     stockholders                                       $3,709        $4,619
    Severance, net of tax                                  130             4
    Billing integration, net of tax                          -            92
    Integration and restructuring charges                  479             -
    Non-cash compensation                                  384           734
    Adjusted income applicable to common
     stockholders                                       $4,702        $5,449

    Weighted average number of shares outstanding   29,449,849    26,029,228

    Adjusted diluted net income per share                $0.16         $0.21

    Calculations above assume a 43.7 percent and 44.4 percent effective tax
    rate for the three months ended March 31, 2008 and 2007, respectively.
    Shares outstanding in the first quarter of 2008 reflect 3.3 million shares
    issued pursuant to the North Pittsburgh acquisition.



                         Consolidated Communications
                           Key Operating Statistics

                                    March 31,    December 31,   March 31,(6)
                                      2008          2007           2007
    Local access lines in service
      Residential                    179,864      183,070        192,667
      Business                       102,777      103,116        104,471
      Total local access lines       282,641      286,186        297,138
    Total IPTV subscribers            13,026       12,241          8,366
    ILEC DSL subscribers(2)           84,313       81,337         69,731
    ILEC Broadband Connections        97,339       93,578         78,097
    ILEC VOIP subscribers(3)           2,938        2,465          1,562
    CLEC Access Line Equivalents(4)   72,827       70,063         65,369
    Total connections(1)             455,745      452,292        442,166

    Long distance lines(5)           167,360      166,599        165,509
    Dial-up subscribers                6,042        6,783         11,200

    IPTV Homes passed                107,631      107,631        107,183


    (1) Total connections include statistics for our Pennsylvania markets.
    (2) Includes only ILEC DSL.  CLEC DSL is included in CLEC access line
        equivalents.
    (3) VOIP subscribers are now included in total connections for all periods
        presented.
    (4) CLEC access line equivalents represent a combination of voice services
        and data circuits. The calculations represent a conversion of data
        circuits to an access line basis. Equivalents are calculated by
        converting data circuits (basic rate interface (BRI), primary rate
        interface (PRI), DSL, DS-1, DS-3, and Ethernet) and SONET-based
       (optical) services (OC-3 and OC-48) to the equivalent of an access
        line.
    (5) Reflects the inclusion of long distance service provided as part of
        the VOIP offering while excluding CLEC long distance subscribers.
        North Pittsburgh included company and toll-free long distance lines in
        their counts.  In order to be consistent with our IL and TX
        operations, we are excluding these from the lines and have reflected
        this in all above periods.
    (6) Presented on a pro forma basis to include the aggregate operating
        statistics of IL, TX and PA as of March 31, 2007, as if the
        acquisition of North Pittsburgh had occurred prior to that date.



                         Consolidated Communications
                      PA Historical Operating Statistics

                       March 31, December 31, September 30, June 30, March 31,
                         2008       2007          2007        2007     2007
    ILEC lines -
     previous method(1) 56,888     58,241        59,311      60,663   61,546
    ILEC lines -
     revised method(2)  61,354     62,399        63,334      64,526   65,320


                           December 31, September 30, June 30,    March 31,
                              2006          2006        2006        2006
    ILEC lines -
     previous method(1)      63,317        66,347      68,143      69,187
    ILEC lines -
     revised method(2)       66,977        69,979      71,707      72,575

    (1) Reflects North Pittsburgh methodology of treating voice grade PRI
        equivalents as 1 access line.
    (2) Reflects Consolidated Communications PA voice grade PRI equivalents
        as 23 access lines.

SOURCE
Consolidated Communications Holdings, Inc.