Acquisition of North Pittsburgh Systems, Inc.

July 2, 2007

EXHIBIT 99.2

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Senior Management Representatives

Bob Currey, President and Chief Executive Officer

Steve Childers, Chief Financial Officer

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Transaction Highlights

Expands Consolidated’s footprint

North Pittsburgh provides:

An integrated telecommunications business providing ILEC, edge-out CLEC and Internet
services

An extensive fiber network that extends into Pittsburgh and surrounding communities

As of March 31, 2007, it served 61,500 ILEC access lines, 66,300 CLEC access line
equivalents and 16,300 DSL subscribers

After completion of this transaction Consolidated will be the 12^th largest telephone company in the
United States

Provides an advanced network

99% DSL capable today, at speeds up to 10 megabits per second

Enables rollout IPTV in 2008  

Opportunity to grow the product suite, increase penetration and improve customer
retention

Improves the dividend payout ratio

Integration of North Pittsburgh onto Consolidated’s operating platform will improve operating
efficiencies and drive annual cash synergies

Strong cash flow from wireless partnerships

Cash flow accretive in first full year of operations (post synergies)

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North Pittsburgh Current Operations

North Pittsburgh Systems, Inc.

LTM Revenue ………………………….. $101.2M

LTM Adjusted EBITDA ………………... $44.8M

ILEC access lines ………… ……………61,500

CLEC access line equivalents ……… .. 66,300

DSL subscribers ………………...………16,260

Employees ……………………………… 300

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CNSL Acquisition Criteria

Attractiveness of the markets

High growth, affluent markets

Edge-out CLEC provides synergy with ILEC

Quality of the network

Well maintained plant

Short loops enable higher broadband speeds and efficient video
overlay

Ability to integrate efficiently

Leverage existing, proven systems and processes

Potential for operating synergies

$7-11 million annually in estimated Op Ex savings

$3-6 million annually in estimated Cap Ex savings

Cash flow accretive

Improves dividend payout ratio

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Consolidated’s Strategy for North Pittsburgh Market

Grow Revenue

Launch IPTV

Aggressively market broadband products and the triple play bundle

Retain customers

Leverage North Pittsburgh’s new pricing/bundling strategy

Create “stickiness” with existing products and leverage the triple play offer

Build on North Pittsburgh’s initiatives by implementing the best customer care and
community involvement practices from both companies

Improve operating efficiency

Move to centralized organization structure

Integrate the properties utilizing Consolidated’s proven processes

Achieve synergies

Leverage economies of scale

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Synergies

Consolidation

One Functional Organization Across Three Markets

Leverage Consolidated’s operating capabilities

Leveraging Scale

Software licenses

Maintenance contracts

Purchasing contracts

Reduce third party costs

Legal fees

Audit and SOXfees

Outsourced billing and financial system costs

Public company fees

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Transaction Summary

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Next Steps

North Pittsburgh shareholder approval

Regulatory approvals

FCC

PA state commission

Hart-Scott-Rodino

Expect to complete transaction in Q4 2007 or Q1 2008

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Summary

Expands the footprint with high growth, affluent markets similar
to existing Texas markets

Provides an advanced network that can be leveraged to rollout
new broadband products, such as IPTV

Provides the opportunity to increase product penetration and
improve customer retention

Improves Consolidated’s financial profile and meets our stated
acquisition criteria

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