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Cincinnati Bell Incorporated
News and Blogs
Total : 41 View more »
Cincinnati Bell Selects Motorola's FTTH and Video Delivery Solutions to Provide Advanced Television and Broadband Experiences to Consumers
www.prnewswire.com
Cincinnati Bell Selects Motorola's FTTH and Video Delivery Solutions to Provide Advanced Television and Broadband Experiences to Consumers. Motorola's field-proven GPON and RF video solutions to provide highest quality video and broadband services to Cincinnati Bell subscribers.
Cincinnati Bell To Expand Fiber-To-The-Home Network
www.multichannel.com | Sep 29, 2009
Cincinnati Bell has selected Motorola's optical networking and RF video-delivery solutions to expand its fiber-to-the-home network in its southern Ohio and northern Kentucky service areas.
http://www.multichannel.com/article/355758-Cincinnati_Bell_To_Expand_Fiber_To_The_Home_Network.php
Cincinnati Bell Taps ATC for Business Partner Program ; Company Signs Sales Agency Agreement, Hits the Ground Running With New Business Orders
www.phoneplusmag.com | Oct 15, 2009
Cincinnati Bell Taps ATC for Business Partner Program ; Company Signs Sales Agency Agreement, Hits the Ground Running With New Business Orders
http://www.phoneplusmag.com/hotnews/cincinnati-bell-taps-atc-for-business-partner.html
Cincinnati Bell Wireless Calls on eSecuritel to Provide Handset Replacement Program ; eSecuritel's 'Best Practices Assessment' Revealed Opportunities for Cincinnati Bell Wireless to Improve Customer E
www.xchangemag.com | Sep 14, 2009
Cincinnati Bell Wireless Calls on eSecuritel to Provide Handset Replacement Program
http://www.xchangemag.com/hotnews/Cincinnati-Bell-Wireless-Calls-on-eSecuritel-.html
News from Zibb.com
Total : 22 View more »
Cincinnati Bell Inc. Reports Third Quarter 2009 Results - Zibb.com
CINCINNATI, Nov 04, 2009 (BUSINESS WIRE) --
--Revenue of $338 million down 3 percent to last year and up 3 percent sequentially;
--Adjusted EBITDA of $120 million flat to last year and up 2 percent sequentially;
--Returned $58 million to shareholders - $25 million of share repurchases and $33 million of debt repurchases at a 24 percent discount;
--Completed $500 million issuance in October 2009 of 81/4% Senior Notes due 2017 to call the company's outstanding 71/4% Senior Notes due 2013 -- eliminating all significant debt maturities until 2014;
--Named recently as service provider partner to the newly formed Virtual Computing Environment Coalition, a joint venture including Cisco, EMC and VMware;
--Reiterates 2009 guidance
Cincinnati Bell Inc. (NYSE:CBB) today announced third quarter 2009 net income of $28 million, or 12 cents diluted earnings per share, which is a per share increase of 18 percent compared to the third quarter of 2008 and 7 percent versus the second quarter of 2009. Total revenues for the third quarter 2009 of $338 million decreased 3 percent from the third quarter of 2008 but increased 3 percent sequentially. Operating income of $73 million, which includes a $5 million loss on sale of wireless spectrum, decreased $7 million or 8 percent compared to the third quarter 2008, and decreased $2 million or 3 percent compared to the second quarter 2009. Adjusted earnings before interest, taxes, depreciation and amortization(1) (Adjusted EBITDA) of $120 million was comparable to last year and up $2 million or 2 percent sequentially.
"Despite the continuing difficult economic climate, we are pleased that our revenue increased compared to the second quarter, driven by growth in our Technology Solutions and Wireless businesses. This enabled us to deliver the same level of Adjusted EBITDA that we generated last year," said Jack Cassidy, president and chief executive officer. "Now that we have refinanced our 2013 debt, we have a significant amount of operating and financial flexibility. This flexibility will allow us to focus our efforts on investing and growing our data center business, which over the last few years has performed extremely well and was recently recognized as a service provider partner to the newly formed Virtual Computing Environment Coalition. This joint venture includes Cisco, EMC and VMware and will provide private virtualized cloud services. We believe this partnership will continue to help transform and further grow our data center business."
Quarterly Highlights
-- Quarterly revenue from Technology Solutions totaled $78 million, reflecting a year-over-year increase in data center and managed services revenue of $3 million or 10 percent and an increase in revenue from telecom and IT equipment of $2 million or 5 percent. The growth in the data center business was the primary contributor to the 16 percent increase in Adjusted EBITDA for Technology Solutions. On a sequential quarterly basis, revenue and Adjusted EBITDA increased 18 percent and 21 percent, respectively, due to increased equipment sales.
-- Wireless service revenue in the third quarter 2009 was $72 million compared to $74 million in the prior year quarter. Higher data revenue, driven by smartphone subscriber growth, was more than offset by lower voice revenue resulting from a year-over-year decline in postpaid voice minutes of use per subscriber. Cincinnati Bell's focus on smartphone subscriber growth resulted in an additional 6,000 smartphone subscribers in the third quarter of 2009.
-- Cincinnati Bell continued to repurchase common stock under the program authorized by its Board of Directors in February 2008. In the third quarter of 2009, common stock repurchases totaled 7 million shares for $25 million. Since the program's inception, the company has purchased 44 million shares for $136 million, representing 18 percent of shares outstanding at the end of 2007 and leaving $14 million to be spent in the fourth quarter to complete the program.
-- The company's net debt(2) decreased by $86 million from the third quarter of 2008 to $1.89 billion, dropping below $1.9 billion for the first time in 10 years. Free cash flow(3) of $35 million for the third quarter of 2009 increased $12 million from the prior year period.
Financial and Operations Review
"This quarter's profitability clearly shows the results of the aggressive expense reductions we took in the first half of the year, which enabled us to improve our Adjusted EBITDA margin by almost a full percentage point and deliver the same Adjusted EBITDA versus the prior year on lower revenue," said Gary Wojtaszek, chief financial officer. "We also continued to focus on managing our balance sheet by completing an additional $25 million of share repurchases, opportunistically purchasing $33 million of debt at a 24 percent discount, and, in October 2009, refinancing $440 million of debt with a very attractive $500 million 8 1/4% senior notes offering that doesn't mature until 2017."
Wireline Segment
Third quarter 2009 revenue totaled $191 million, a decrease of $10 million or 5 percent from a year ago. The cost reduction programs initiated by the company caused operating income of $66 million and Adjusted EBITDA of $93 million to both be flat compared to the third quarter of 2008.
Year-over-year total access line loss in the third quarter 2009 was 6.8 percent, consistent with the overall loss experienced over the past year. Growth in residential and business access lines in the company's expansion markets continued to partially offset the impact of a loss of access lines in its traditional service area.
Wireless Segment
Quarterly revenue from the Wireless segment of $78 million decreased $3 million or 4 percent compared to the prior year, and increased $1 million or 2 percent versus the second quarter of 2009. Third quarter 2009 operating income of $4 million includes a $5 million loss on the sale of wireless spectrum for the Indianapolis, Indiana region, and is the primary cause of the $7 million operating income decrease compared to the third quarter of 2008. Adjusted EBITDA of $19 million decreased by $2 million compared both to the prior year and the second quarter of 2009.
Postpaid subscriber average revenue per user (ARPU) in the third quarter was $49.27 compared to $48.82 a year ago and included data ARPU growth of 23 percent. This improvement reflects positive momentum in acquiring smartphone subscribers. Prepaid ARPU was $28.70, up $2.37 year-over-year.
Technology Solutions Segment
Technology Solutions quarterly revenue of $78 million increased $5 million or 7 percent from the third quarter of 2008, which includes an increase in data center and managed services revenue of $3 million or 10 percent year-over-year. Operating income of $7 million and Adjusted EBITDA of $12 million were both up 16 percent from a year ago, driven by the increased data center revenue.
Compared to the second quarter of 2009, revenue increased $12 million or 18 percent due to increased equipment sales, as customer demand for IT equipment that had been suppressed by the economy began to be realized in the third quarter of 2009. Operating income and Adjusted EBITDA were both up $2 million sequentially due to the increased equipment sales and lower operating costs.
Data center utilization was 80 percent on 271,000 square feet of data center space at September 30, 2009 compared to 88 percent on 202,000 square feet at the end of the third quarter of 2008.
2009 Outlook
Cincinnati Bell reaffirms its guidance for 2009:
Category 2009 Guidance
Revenue $1.3 - $1.4 billion
Adjusted EBITDA Approx. $480 million*
Free Cash Flow Approx. $150 million*
*Plus or minus 2 percent
Conference Call/Webcast
Cincinnati Bell will host a conference call today at 10:00 a.m. (ET) to discuss its results for the third quarter of 2009. A live webcast of the call will be available via the Investor Relations section of www.cincinnatibell.com. The conference call dial-in number is (866) 780-1233. Callers located outside of the U.S. and Canada may dial (816) 581-1571. A taped replay of the conference call will be available one hour after the conclusion of the call until 5:00 p.m. on November 18, 2009. For U.S. callers, the replay will be available at (888) 203-1112. For callers outside of the U.S. and Canada, the replay will be available at (719) 457-0820. The replay reference number is 1849573. An archived version of the webcast will also be available in the Investor Relations section of www.cincinnatibell.com.
Safe Harbor Note
Certain of the statements and predictions contained in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. In particular, statements, projections or estimates that include or reference the words "believes," "anticipates," "plans," "intends," "expects," "will," or any similar expression fall within the safe harbor for forward-looking statements contained in the Reform Act. Actual results or outcomes may differ materially from those indicated or suggested by any such forward-looking statement for a variety of reasons, including, but not limited to: changing market conditions and growth rates within the telecommunications industry or generally within the overall economy; changes in competition in markets in which the company operates; pressures on the pricing of company products and services; advances in telecommunications technology; the ability to generate sufficient cash flow to fund the company's business plan, repay the company's debt and interest obligations, and maintain its networks; the ability to refinance indebtedness when required on commercially reasonable terms; changes in the telecommunications regulatory environment; changes in the demand for the company's services and products; the demand for particular products and services within the overall mix of products sold, as the company's products and services have varying profit margins; the company's ability to introduce new service and product offerings on a timely and cost effective basis; work stoppage caused by labor disputes; restrictions imposed under various credit facilities and debt instruments; the company's ability to attract and retain highly qualified employees; the company's ability to access capital markets and the successful execution of restructuring initiatives; changes in the funded status of the company's retiree pension and healthcare plans; disruption in operations caused by a health pandemic, such as the H1N1 influenza virus; changes in the company's relationships with current large customers, a small number of whom account for a significant portion of company revenue; and disruption in the company's back-office information technology systems, including its billing system. More information on potential risks and uncertainties is available in recent filings with the Securities and Exchange Commission, including Cincinnati Bell's Form 10-K report, Form 10-Q reports and Form 8-K reports. The forward-looking statements included in this release represent company estimates as of November 3, 2009. Cincinnati Bell anticipates that subsequent events and developments will cause its estimates to change.
Use of Non-GAAP Financial Measures
This press release contains information about adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA), net debt, free cash flow, and net income excluding special items. These are non-GAAP financial measures used by Cincinnati Bell management when evaluating results of operations and cash flow. Management believes these measures also provide users of the financial statements with additional and useful comparisons of current results of operations and cash flows with past and future periods. Non-GAAP financial measures should not be construed as being more important than comparable GAAP measures. Detailed reconciliations of Adjusted EBITDA, net debt, free cash flow, and net income excluding special items to comparable GAAP financial measures have been included in the tables distributed with this release and are available in the Investor Relations section of www.cincinnatibell.com.
(1)Adjusted EBITDA provides a useful measure of operational performance. The company defines Adjusted EBITDA as GAAP operating income plus depreciation, amortization, restructuring charges, asset impairments, and other special items. Adjusted EBITDA should not be considered as an alternative to comparable GAAP measures of profitability and may not be comparable with the measure as defined by other companies.
(2)Net debt provides a useful measure of liquidity and financial health. The company defines net debt as the sum of the face amount of short-term and long-term debt and unamortized premium and/or discount, offset by cash and cash equivalents.
(3)Free cash flow provides a useful measure of operational performance, liquidity and financial health. The company defines free cash flow as cash provided by (used in) operating, financing and investing activities, adjusted for the issuance and repayment of debt, debt issuance costs, the repurchase of common stock, and the proceeds from the sale or the use of funds from the purchase of business operations. Free cash flow should not be considered as an alternative to net income (loss), operating income (loss), cash flow from operating activities, or the change in cash on the balance sheet and may not be comparable with free cash flow as defined by other companies. Although the company feels that there is no comparable GAAP measure for free cash flow, the attached financial information reconciles free cash flow to the net increase (decrease) in cash and cash equivalents.
Net income excluding special items provides a useful measure of operating performance. Net income excluding special items should not be considered as an alternative to comparable GAAP measures of profitability and may not be comparable with net income excluding special items as defined by other companies.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides integrated communications solutions--including local, long distance, data, Internet, and wireless services--that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, businesses nationwide ranging in size from start-up companies to large enterprises turn to Cincinnati Bell for efficient, scalable office communications systems as well as complex information technology solutions including data center and managed services. Cincinnati Bell conducts its operations through three business segments: Wireline, Wireless, and Technology Solutions. For more information, visit www.cincinnatibell.com.
Cincinnati Bell Inc.
Consolidated Statements of Income
(Unaudited)
(Dollars in millions, except per share amounts)
Three Months Nine Months
Ended September 30, Change Ended September 30, Change
2009 2008 $ % 2009 2008 $ %
Revenue $ 337.7 $ 346.5 $ (8.8 ) (3%) $ 990.8 $ 1,046.2 $ (55.4 ) (5%)
Costs and expenses
Cost of services and products 152.9 154.8 (1.9 ) (1%) 431.0 473.6 (42.6 ) (9%)
Selling, general and administrative 64.7 71.5 (6.8 ) (10%) 209.4 213.8 (4.4 ) (2%)
Depreciation and amortization 41.2 38.7 2.5 6% 122.0 113.7 8.3 7%
Restructuring charges (gains) 0.9 1.7 (0.8 ) (47%) (5.5 ) 27.1 (32.6 ) n/m
Loss on sale of asset and asset impairment 4.8 - 4.8 n/m 4.8 1.2 3.6 n/m
Operating income 73.2 79.8 (6.6 ) (8%) 229.1 216.8 12.3 6%
Interest expense 31.5 35.0 (3.5 ) (10%) 94.6 106.1 (11.5 ) (11%)
Other income, net (7.7 ) (1.0 ) (6.7 ) n/m (7.4 ) (2.4 ) (5.0 ) n/m
Income before income taxes 49.4 45.8 3.6 8% 141.9 113.1 28.8 25%
Income tax expense 21.7 19.2 2.5 13% 59.1 48.0 11.1 23%
Net income 27.7 26.6 1.1 4% 82.8 65.1 17.7 27%
Preferred stock dividends 2.6 2.6 - 0% 7.8 7.8 - 0%
Net income applicable to common shareowners $ 25.1 $ 24.0 $ 1.1 5% $ 75.0 $ 57.3 $ 17.7 31%
Basic earnings per common share $ 0.12 $ 0.10 $ 0.35 $ 0.24
Diluted earnings per common share $ 0.12 $ 0.10 $ 0.34 $ 0.23
Weighted average common shares outstanding (in
millions)
- Basic 209.0 233.7 215.7 240.6
- Diluted 213.2 239.2 218.1 247.0
Cincinnati Bell Inc.
Income Statement by Segment
(Unaudited)
(Dollars in millions)
Three Months Nine Months
Ended September 30, Change Ended September 30, Change
2009 2008 $ % 2009 2008 $ %
Wireline
Revenue
Voice - local service $ 83.0 $ 96.0 $ (13.0 ) (14%) $ 260.8 $ 295.9 $ (35.1 ) (12%)
Data 70.4 68.8 1.6 2% 211.0 204.3 6.7 3%
Long distance and VoIP 24.0 24.8 (0.8 ) (3%) 72.0 73.7 (1.7 ) (2%)
Other 13.5 11.0 2.5 23% 36.4 31.8 4.6 14%
Total revenue 190.9 200.6 (9.7 ) (5%) 580.2 605.7 (25.5 ) (4%)
Operating costs and expenses
Cost of services and products 62.8 67.5 (4.7 ) (7%) 188.8 201.4 (12.6 ) (6%)
Selling, general and administrative 35.1 40.2 (5.1 ) (13%) 111.5 118.7 (7.2 ) (6%)
Depreciation and amortization 26.5 25.7 0.8 3% 77.7 75.9 1.8 2%
Restructuring charges (gains) 1.0 1.6 (0.6 ) (38%) (5.5 ) 26.0 (31.5 ) n/m
Asset impairment - - - n/m - 1.2 (1.2 ) n/m
Total operating costs and expenses 125.4 135.0 (9.6 ) (7%) 372.5 423.2 (50.7 ) (12%)
Operating income $ 65.5 $ 65.6 $ (0.1 ) 0% $ 207.7 $ 182.5 $ 25.2 14%
Wireless
Revenue
Service $ 71.6 $ 74.2 $ (2.6 ) (4%) $ 214.1 $ 218.5 $ (4.4 ) (2%)
Equipment 6.1 6.6 (0.5 ) (8%) 16.4 19.1 (2.7 ) (14%)
Total revenue 77.7 80.8 (3.1 ) (4%) 230.5 237.6 (7.1 ) (3%)
Operating costs and expenses
Cost of services and products 42.0 41.7 0.3 1% 121.9 122.3 (0.4 ) 0%
Selling, general and administrative 16.8 18.6 (1.8 ) (10%) 50.8 52.2 (1.4 ) (3%)
Depreciation and amortization 9.7 8.7 1.0 11% 29.3 26.3 3.0 11%
Restructuring charges - 0.1 (0.1 ) n/m - 0.5 (0.5 ) n/m
Loss on sale of asset 4.8 - 4.8 n/m 4.8 - 4.8 n/m
Total operating costs and expenses 73.3 69.1 4.2 6% 206.8 201.3 5.5 3%
Operating income $ 4.4 $ 11.7 $ (7.3 ) (62%) $ 23.7 $ 36.3 $ (12.6 ) (35%)
Technology Solutions
Revenue
Telecom and IT equipment distribution $ 45.2 $ 43.1 $ 2.1 5% $ 109.4 $ 142.9 $ (33.5 ) (23%)
Data center and managed services 28.1 25.6 2.5 10% 83.4 72.2 11.2 16%
Professional services 5.1 4.6 0.5 11% 15.1 11.4 3.7 32%
Total revenue 78.4 73.3 5.1 7% 207.9 226.5 (18.6 ) (8%)
Operating costs and expenses
Cost of services and products 56.7 53.4 3.3 6% 146.1 171.7 (25.6 ) (15%)
Selling, general and administrative 10.0 9.8 0.2 2% 32.6 29.7 2.9 10%
Depreciation and amortization 5.0 4.3 0.7 16% 14.8 11.4 3.4 30%
Restructuring charges - - - n/m - 0.4 (0.4 ) n/m
Total operating costs and expenses 71.7 67.5 4.2 6% 193.5 213.2 (19.7 ) (9%)
Operating income $ 6.7 $ 5.8 $ 0.9 16% $ 14.4 $ 13.3 $ 1.1 8%
Cincinnati Bell Inc.
Segment Information
(Unaudited)
(Dollars in millions)
Three Months Nine Months
Ended September 30, Change Ended September 30, Change
2009 2008 $ % 2009 2008 $ %
Revenue
Wireline $ 190.9 $ 200.6 $ (9.7 ) (5%) $ 580.2 $ 605.7 $ (25.5 ) (4%)
Wireless 77.7 80.8 (3.1 ) (4%) 230.5 237.6 (7.1 ) (3%)
Technology Solutions 78.4 73.3 5.1 7% 207.9 226.5 (18.6 ) (8%)
Eliminations (9.3 ) (8.2 ) (1.1 ) 13% (27.8 ) (23.6 ) (4.2 ) 18%
Total revenue $ 337.7 $ 346.5 $ (8.8 ) (3%) $ 990.8 $ 1,046.2 $ (55.4 ) (5%)
Cost of Services and Products
Wireline $ 62.8 $ 67.5 $ (4.7 ) (7%) $ 188.8 $ 201.4 $ (12.6 ) (6%)
Wireless 42.0 41.7 0.3 1% 121.9 122.3 (0.4 ) 0%
Technology Solutions 56.7 53.4 3.3 6% 146.1 171.7 (25.6 ) (15%)
Eliminations (8.6 ) (7.8 ) (0.8 ) 10% (25.8 ) (21.8 ) (4.0 ) 18%
Total cost of services and products $ 152.9 $ 154.8 $ (1.9 ) (1%) $ 431.0 $ 473.6 $ (42.6 ) (9%)
Selling, General and Administrative
Wireline $ 35.1 $ 40.2 $ (5.1 ) (13%) $ 111.5 $ 118.7 $ (7.2 ) (6%)
Wireless 16.8 18.6 (1.8 ) (10%) 50.8 52.2 (1.4 ) (3%)
Technology Solutions 10.0 9.8 0.2 2% 32.6 29.7 2.9 10%
Corporate and eliminations 2.8 2.9 (0.1 ) (3%) 14.5 13.2 1.3 10%
Total selling, general $ 64.7 $ 71.5 $ (6.8 ) (10%) $ 209.4 $ 213.8 $ (4.4 ) (2%)
and administrative
Depreciation and Amortization
Wireline $ 26.5 $ 25.7 $ 0.8 3% $ 77.7 $ 75.9 $ 1.8 2%
Wireless 9.7 8.7 1.0 11% 29.3 26.3 3.0 11%
Technology Solutions 5.0 4.3 0.7 16% 14.8 11.4 3.4 30%
Corporate - - - n/m 0.2 0.1 0.1 100%
Total depreciation and amortization $ 41.2 $ 38.7 $ 2.5 6% $ 122.0 $ 113.7 $ 8.3 7%
Restructuring, Loss on Sale of Asset and Asset Impairment
Wireline $ 1.0 $ 1.6 $ (0.6 ) n/m $ (5.5 ) $ 27.2 $ (32.7 ) n/m
Wireless 4.8 0.1 4.7 n/m 4.8 0.5 4.3 n/m
Technology Solutions - - - n/m - 0.4 (0.4 ) n/m
Corporate (0.1 ) - (0.1 ) n/m - 0.2 (0.2 ) n/m
Total restructuring, $ 5.7 $ 1.7 $ 4.0 n/m $ (0.7 ) $ 28.3 $ (29.0 ) n/m
loss on sale of asset
and asset
impairment
Operating Income
Wireline $ 65.5 $ 65.6 $ (0.1 ) 0% $ 207.7 $ 182.5 $ 25.2 14%
Wireless 4.4 11.7 (7.3 ) (62%) 23.7 36.3 (12.6 ) (35%)
Technology Solutions 6.7 5.8 0.9 16% 14.4 13.3 1.1 8%
Corporate (3.4 ) (3.3 ) (0.1 ) 3% (16.7 ) (15.3 ) (1.4 ) 9%
Total operating income $ 73.2 $ 79.8 $ (6.6 ) (8%) $ 229.1 $ 216.8 $ 12.3 6%
Cincinnati Bell Inc.
Segment Metric Information
(Unaudited)
September 30, December 31,
2009 2008
(in thousands)
Local access lines 737.8 779.7
DSL subscribers 234.5 233.2
Postpaid wireless subscribers 383.5 403.7
Prepaid wireless subscribers 152.8 146.9
Total wireless subscribers 536.3 550.6
Consumer long distance lines 338.5 352.7
Business long distance lines 177.4 178.9
Total long distance lines 515.9 531.6
Data Center and Managed Services
Raised floor (in square feet) 271,000 209,000
Utilization rate 80% 88%
Cincinnati Bell Inc.
Local Access Line Detail
(Unaudited)
(In thousands)
2007 2008 2009
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Local Access Lines
In-Territory:
Primary Residential 499.1 484.8 468.4 454.2 441.2 427.6 414.5 403.6 392.2 382.8 371.6
Secondary Residential 36.2 34.9 33.4 32.0 30.7 29.5 28.4 27.2 25.8 24.8 23.6
Business/ Other 287.6 287.7 286.9 285.8 284.3 283.4 280.2 277.7 274.3 271.5 268.9
Total In-Territory 822.9 807.4 788.7 772.0 756.2 740.5 723.1 708.5 692.3 679.1 664.1
Out-of-Territory:
Primary Residential 29.4 30.7 32.0 32.7 32.8 32.7 33.7 34.9 35.4 34.8 34.3
Secondary Residential 1.2 1.3 1.3 1.3 1.4 1.3 1.3 1.3 1.3 1.2 1.2
Business/ Other 22.4 24.2 26.7 28.3 30.2 31.2 33.3 35.0 36.3 37.4 38.2
Total Out-of-Territory 53.0 56.2 60.0 62.3 64.4 65.2 68.3 71.2 73.0 73.4 73.7
Total Access Lines 875.9 863.6 848.7 834.3 820.6 805.7 791.4 779.7 765.3 752.5 737.8
Cincinnati Bell Inc.
Net Debt Calculation
(Unaudited)
(Dollars in millions)
September 30, December 31, Change
2009 2008 $ %
Credit facility, revolver $ 85.7 $ 73.0 $ 12.7 17%
Credit facility, tranche B term loan 205.4 207.0 (1.6 ) (1%)
7 1/4% Senior Notes due 2013 439.9 439.9 - 0%
8 3/8% Senior Subordinated Notes due 2014 570.4 572.7 (2.3 ) 0%
7% Senior Notes due 2015 252.5 257.2 (4.7 ) (2%)
7 1/4% Senior Notes due 2023 40.0 50.0 (10.0 ) (20%)
Accounts receivable securitization facility 85.9 75.0 10.9 15%
Various Cincinnati Bell Telephone notes 207.5 230.0 (22.5 ) (10%)
Capital leases and other debt 56.7 55.6 1.1 2%
Net unamortized premium 0.3 0.3 - 0%
Total debt 1,944.3 1,960.7 (16.4 ) (1%)
Less: Interest rate swap asset and adjustment (15.4 ) (22.4 ) 7.0 (31%)
Less: Cash and cash equivalents (37.5 ) (6.7 ) (30.8 ) n/m
Net debt (as defined by the company) $ 1,891.4 $ 1,931.6 $ (40.2 ) (2%)
Credit facility availability $ 98.2 $ 151.4 $ (53.2 ) (35%)
Cincinnati Bell Inc.
Consolidated Statements of Cash Flows
(Unaudited)
(Dollars in millions)
Three Months Nine Months
Ended September 30, Ended September 30,
2009 2008 2009 2008
Cash provided by operating activities $ 79.8 $ 78.4 $ 250.3 $ 266.3
Capital expenditures (47.5 ) (55.5 ) (141.7 ) (158.7 )
Acquisitions of businesses - - (3.4 ) (21.6 )
Proceeds from sales of wireless spectrum 5.6 - 5.8 -
Other, net - - 0.8 1.0
Cash used in investing activities (41.9 ) (55.5 ) (138.5 ) (179.3 )
Change in corporate credit and receivables facilities, net 52.0 (3.0 ) 23.6 28.0
Repayment of debt (27.4 ) (12.8 ) (32.4 ) (57.4 )
Debt issuance costs - - (4.4 ) -
Preferred stock dividends (2.6 ) - (7.8 ) (7.8 )
Common stock repurchase (25.0 ) (20.5 ) (59.4 ) (67.5 )
Other, net - - (0.6 ) (0.4 )
Cash used in financing activities (3.0 ) (36.3 ) (81.0 ) (105.1 )
Net increase (decrease) in cash and cash equivalents 34.9 (13.4 ) 30.8 (18.1 )
Cash and cash equivalents at beginning of period 2.6 21.4 6.7 26.1
Cash and cash equivalents at end of period $ 37.5 $ 8.0 $ 37.5 $ 8.0
Reconciliation of GAAP Cash Flow to
Free Cash Flow (as defined by the company)
Net increase (decrease) in cash and cash equivalents $ 34.9 $ (13.4 ) $ 30.8 $ (18.1 )
Less adjustments:
Issuance of long-term debt and change in corporate credit and (52.0 ) 3.0 (23.6 ) (28.0 )
receivables facilities, net
Repayment of debt 27.4 12.8 32.4 57.4
Debt issuance costs - - 4.4 -
Common stock repurchase 25.0 20.5 59.4 67.5
Acquisitions of businesses - - 3.4 21.6
Free cash flow (as defined by the company) $ 35.3 $ 22.9 $ 106.8 $ 100.4
Income tax payments $ 0.2 $ - $ 5.3 $ 1.9
Cincinnati Bell Inc.
Free Cash Flow (as defined by the company)
(Unaudited)
(Dollars in millions)
Free Cash Flow for the three months ended September 30, 2008 $ 22.9
Decrease in Adjusted EBITDA (0.1 )
Decrease in capital expenditures 8.0
Proceeds received from terminated swaps in 2009 2.7
Decrease in interest payments 7.3
Proceeds from sale of wireless spectrum 5.6
Change in working capital and other (11.1 )
Free Cash Flow for the three months ended September 30, 2009 $ 35.3
Free Cash Flow for the nine months ended September 30, 2008 $ 100.4
Decrease in Adjusted EBITDA (8.4 )
Data center customer prepayment received in 2008 (21.5 )
Decrease in capital expenditures 17.0
Proceeds received from terminated swaps in 2009 13.2
Decrease in interest payments 15.0
Proceeds from sales of wireless spectrum 5.8
Change in working capital and other (14.7 )
Free Cash Flow for the nine months ended September 30, 2009 $ 106.8
Cincinnati Bell Inc.
Capital Expenditures
(Unaudited)
(Dollars in millions)
Three Months Ended
Sep 30, 2009 Jun 30, 2009 Mar 31, 2009 Dec 31, 2008 Sep 30, 2008
Wireline $ 35.4 $ 37.3 $ 29.2 $ 33.2 $ 22.5
Wireless 8.1 4.2 5.6 16.6 9.7
Technology Solutions 3.9 6.9 10.7 22.1 23.1
Corporate 0.1 0.1 0.2 0.3 0.2
Total capital expenditures $ 47.5 $ 48.5 $ 45.7 $ 72.2 $ 55.5
Cincinnati Bell Inc.
Reconciliation of Adjusted EBITDA (Non-GAAP) to Operating Income
(GAAP)
(Unaudited)
(Dollars in millions)
Three Months Ended September 30, 2009
Wireline Wireless Technology Corporate Total
Solutions Company
Operating Income (GAAP) $ 65.5 $ 4.4 $ 6.7 $ (3.4 ) $ 73.2
Add:
Depreciation and amortization 26.5 9.7 5.0 - 41.2
Restructuring charges (gains) and loss on sale of asset 1.0 4.8 - (0.1 ) 5.7
Adjusted EBITDA (Non-GAAP) $ 93.0 $ 18.9 $ 11.7 $ (3.5 ) $ 120.1
Three Months Ended September 30, 2008
Wireline Wireless Technology Corporate Total
Solutions Company
Operating Income (GAAP) $ 65.6 $ 11.7 $ 5.8 $ (3.3 ) $ 79.8
Add:
Depreciation and amortization 25.7 8.7 4.3 - 38.7
Restructuring charges 1.6 0.1 - - 1.7
Adjusted EBITDA (Non-GAAP) $ 92.9 $ 20.5 $ 10.1 $ (3.3 ) $ 120.2
Year-over-year dollar change in Adjusted EBITDA $ 0.1 ($1.6 ) $ 1.6 ($0.2 ) ($0.1 )
Year-over-year percentage change in Adjusted EBITDA 0 % (8 %) 16 % 6 % 0 %
Nine Months Ended September 30, 2009
Wireline Wireless Technology Corporate Total
Solutions Company
Operating Income (GAAP) $ 207.7 $ 23.7 $ 14.4 $ (16.7 ) $ 229.1
Add:
Depreciation and amortization 77.7 29.3 14.8 0.2 122.0
Restructuring charges (gains) and loss on sale of asset (5.5 ) 4.8 - - (0.7 )
Adjusted EBITDA (Non-GAAP) $ 279.9 $ 57.8 $ 29.2 $ (16.5 ) $ 350.4
Nine Months Ended September 30, 2008
Wireline Wireless Technology Corporate Total
Solutions Company
Operating Income (GAAP) $ 182.5 $ 36.3 $ 13.3 $ (15.3 ) $ 216.8
Add:
Depreciation and amortization 75.9 26.3 11.4 0.1 113.7
Restructuring and asset impairment charges 27.2 0.5 0.4 0.2 28.3
Adjusted EBITDA (Non-GAAP) $ 285.6 $ 63.1 $ 25.1 $ (15.0 ) $ 358.8
Year-over-year dollar change in Adjusted EBITDA ($5.7 ) ($5.3 ) $ 4.1 ($1.5 ) ($8.4 )
Year-over-year percentage change in Adjusted EBITDA (2 %) (8 %) 16 % 10 % (2 %)
Cincinnati Bell Inc.
Reconciliation of Adjusted EBITDA (Non-GAAP) Excluding Stock
Compensation Expense to Operating Income (GAAP)
(Unaudited)
(Dollars in millions)
Three Months
Ended September 30, Change
2009 2008 $ %
Operating Income (GAAP) $ 73.2 $ 79.8 $ (6.6 ) (8%)
Add:
Depreciation and amortization 41.2 38.7 2.5 6%
Restructuring charges and loss on sale of asset 5.7 1.7 4.0 n/m
Adjusted EBITDA (Non-GAAP) 120.1 120.2 (0.1 ) 0%
Add:
Stock compensation expense 1.6 1.4 0.2 14%
Adjusted EBITDA excluding stock compensation expense (Non-GAAP) $ 121.7 $ 121.6 $ 0.1 0%
Nine Months
Ended September 30, Change
2009 2008 $ %
Operating Income (GAAP) $ 229.1 $ 216.8 $ 12.3 6%
Add:
Depreciation and amortization 122.0 113.7 8.3 7%
Restructuring charges (gains), loss on sale of asset and asset (0.7 ) 28.3 (29.0 ) n/m
impairment
Adjusted EBITDA (Non-GAAP) 350.4 358.8 (8.4 ) (2%)
Add:
Stock compensation expense 6.3 5.1 1.2 24%
Adjusted EBITDA excluding stock compensation expense (Non-GAAP) $ 356.7 $ 363.9 $ (7.2 ) (2%)
Cincinnati Bell Inc.
Normalized Statements of Operations (Non-GAAP) - Reconciliation
to Reported Results
(Unaudited)
(Dollars in millions, except per share amounts)
Special Items
Three Restructuring Loss on Gain on Three
Months Charges Sale of Asset Debt Months
Ended Extinguishment Ended
September 30, September 30,
2009 2009
(GAAP) Before
Special
Items
(Non-GAAP)
A B C
Revenue $ 337.7 $ - $ - $ - $ 337.7
Costs and expenses
Cost of services and products 152.9 - - - 152.9
Selling, general and administrative 64.7 - - - 64.7
Depreciation and amortization 41.2 - - - 41.2
Restructuring charges 0.9 (0.9 ) - - -
Loss on sale of asset 4.8 - (4.8 ) - -
Operating income 73.2 0.9 4.8 - 78.9
Interest expense 31.5 - - - 31.5
Other income, net (7.7 ) - - 7.6 (0.1 )
Income before income taxes 49.4 0.9 4.8 (7.6 ) 47.5
Income tax expense 21.7 0.4 1.9 (3.0 ) 21.0
Net income 27.7 0.5 2.9 (4.6 ) 26.5
Preferred stock dividends 2.6 - - - 2.6
Net income applicable to common shareowners $ 25.1 $ 0.5 $ 2.9 $ (4.6 ) $ 23.9
Weighted average diluted common shares 213.2 213.2 213.2 213.2 213.2
Diluted earnings per common share $ 0.12 $ 0.00 $ 0.01 $ (0.02 ) $ 0.11
Normalized results have been adjusted for the following (pretax
adjustments are tax effected at 40%):
A Charge related to voluntary early retirement program for union and
management employees.
B Loss on the sale of wireless spectrum for the Indianapolis, Indiana
region.
C Gain on extinguishment of a portion of the 7 1/4% Senior Notes due
2023 and Cincinnati Bell Telephone notes.
Cincinnati Bell Inc.
Normalized Statements of Operations (Non-GAAP) - Reconciliation
to Reported Results
(Unaudited)
(Dollars in millions, except per share amounts)
Special Items
Three Restructuring Gain on Three
Months Charges Debt Months
Ended Extinguishment Ended
September 30, September 30,
2008 2008
(GAAP) Before
Special
Items
(Non-GAAP)
A B
Revenue $ 346.5 $ - $ - $ 346.5
Costs and expenses
Cost of services and products 154.8 - - 154.8
Selling, general and administrative 71.5 - - 71.5
Depreciation and amortization 38.7 - - 38.7
Restructuring charges 1.7 (1.7 ) - -
Operating income 79.8 1.7 - 81.5
Interest expense 35.0 - - 35.0
Other income, net (1.0 ) - 0.9 (0.1 )
Income before income taxes 45.8 1.7 (0.9 ) 46.6
Income tax expense 19.2 0.7 (0.4 ) 19.5
Net income 26.6 1.0 (0.5 ) 27.1
Preferred stock dividends 2.6 - - 2.6
Net income applicable to common shareowners $ 24.0 $ 1.0 $ (0.5 ) $ 24.5
Weighted average diluted common shares 239.2 239.2 239.2 239.2
Diluted earnings per common share $ 0.10 $ 0.00 $ 0.00 $ 0.10
Normalized results have been adjusted for the following (pretax
adjustments are tax effected at 40%):
A Charge related to voluntary early retirement program for union and
management employees.
B Gain on extinguishment of a portion of the 8 3/8% Senior
Subordinated Notes due 2014 and 7 1/4% Senior Notes due 2013.
Cincinnati Bell Inc.
Normalized Statements of Operations (Non-GAAP) - Reconciliation
to Reported Results
(Unaudited)
(Dollars in millions, except per share amounts)
Special Items
Nine Restructuring Loss on Gain on Nine
Months Gains Sale of Debt Months
Ended Asset Extinguishment Ended
September 30, September 30,
2009 2009
(GAAP) Before
Special
Items
(Non-GAAP)
A B C
Revenue $ 990.8 $ - $ - $ - $ 990.8
Costs and expenses
Cost of services and products 431.0 - - - 431.0
Selling, general and administrative 209.4 - - - 209.4
Depreciation and amortization 122.0 - - - 122.0
Restructuring gains (5.5 ) 5.5 - - -
Loss on sale of asset 4.8 - (4.8 ) - -
Operating income 229.1 (5.5 ) 4.8 - 228.4
Interest expense 94.6 - - - 94.6
Other income, net (7.4 ) - - 7.4 -
Income before income taxes 141.9 (5.5 ) 4.8 (7.4 ) 133.8
Income tax expense 59.1 (2.2 ) 1.9 (3.0 ) 55.8
Net income 82.8 (3.3 ) 2.9 (4.4 ) 78.0
Preferred stock dividends 7.8 - - - 7.8
Net income applicable to common shareowners $ 75.0 $ (3.3 ) $ 2.9 $ (4.4 ) $ 70.2
Weighted average diluted common shares 218.1 218.1 218.1 218.1 218.1
Diluted earnings per common share $ 0.34 $ (0.01 ) $ 0.01 $ (0.02 ) $ 0.32
Normalized results have been adjusted for the following (pretax
adjustments are tax effected at 40%):
A Curtailment gains primarily related to changes in the pension and
postretirement plans announced in February 2009, and charges
related to voluntary early retirement program for union and
management employees.
B Loss on the sale of wireless spectrum for the Indianapolis, Indiana
region.
C Gain on extinguishment of a portion of the 7 1/4% Senior Notes due
2023 and Cincinnati Bell Telephone notes.
Cincinnati Bell Inc.
Normalized Statements of Operations (Non-GAAP) - Reconciliation
to Reported Results
(Unaudited)
(Dollars in millions, except per share amounts)
Special Items
Nine Restructuring Asset Gain on Nine
Months Charges Impairment Debt Months
Ended Extinguishment Ended
September 30, September 30,
2008 2008
(GAAP) Before
Special
Items
(Non-GAAP)
A B C
Revenue $ 1,046.2 $ - $ - $ - $ 1,046.2
Costs and expenses
Cost of services and products 473.6 - - - 473.6
Selling, general and administrative 213.8 - - - 213.8
Depreciation and amortization 113.7 - - - 113.7
Restructuring charges 27.1 (27.1 ) - - -
Asset impairment 1.2 - (1.2 ) - -
Operating income 216.8 27.1 1.2 - 245.1
Interest expense 106.1 - - - 106.1
Other income, net (2.4 ) - - 2.2 (0.2 )
Income before income taxes 113.1 27.1 1.2 (2.2 ) 139.2
Income tax expense 48.0 10.8 0.5 (0.9 ) 58.4
Net income 65.1 16.3 0.7 (1.3 ) 80.8
Preferred stock dividends 7.8 - - - 7.8
Net income applicable to common shareowners $ 57.3 $ 16.3 $ 0.7 $ (1.3 ) 73.0
Weighted average diluted common shares 247.0 247.0 247.0 247.0 247.0
Diluted earnings per common share $ 0.23 $ 0.07 $ 0.00 $ 0.00 $ 0.30
Normalized results have been adjusted for the following (pretax
adjustments are tax effected at 40%):
A Charge related to voluntary early retirement program for union and
management employees.
B Asset impairment charge for discontinued software.
C Gain on extinguishment of a portion of the 8 3/8% Senior
Subordinated Notes due 2014 and 7 1/4% Senior Notes due 2013.
Cincinnati Bell Inc.
Reconciliation of Adjusted EBITDA (Non-GAAP) Guidance to
Operating
Income (GAAP) Guidance
(Unaudited)
(Dollars in millions)
2009 Operating Income (GAAP) Guidance $ 320
Add:
Depreciation and amortization 160
Restructuring gains (5 )
Loss on sale of asset 5
2009 Adjusted EBITDA Guidance $ 480 *
* Plus or minus 2 percent.
SOURCE: Cincinnati Bell Inc.
Cincinnati Bell Inc. Investor / Media contact Kurt Freyberger, 513-397-1055 kurt.freyberger@cinbell.com
Tags: acquisition billing business canada ceo conference consumer corporate debt dollar dsl earnings ebitda economy environment expansion gaap health healthcare indiana information technology internet joint venture labor local market note nyse partnership president products profit rates refinancing residential restructuring revenue sales sec-8k securities securitization software tax taxes technology telecom telecommunications unions wireless wireline
Companies: Cincinnati Bell, Inc. (CBB)
Cincinnati Bell Announces Offering of $500 Million Senior Notes - Zibb.com
CINCINNATI, Sep 30, 2009 (BUSINESS WIRE) --
Cincinnati Bell (NYSE: CBB) today announced that it intends to publicly offer $500 million aggregate principal amount of senior notes due 2017. The offering and sale of the notes will be made pursuant to an automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC"). The net proceeds of the offering will be used to call the company's outstanding 71/4% Senior Notes due 2013 pursuant to the call provision in an amount of $440 million plus accrued interest and call premium, as well as for other general corporate purposes.
Morgan Stanley will act as the Lead Bookrunning Manager for the senior note offering. The offering will be made only by means of a prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the SEC's website at www.sec.gov or by contacting Morgan Stanley at prospectus@morganstanley.com, or Morgan Stanley & Co. Incorporated, Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A registration statement relating to the securities has been filed and became effective September 30, 2009.
This release may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the company documents filed with the SEC that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: changing market conditions and growth rates within the telecommunications industry or generally within the overall economy; changes in competition in markets in which the company operates; pressures on the pricing of company products and services; advances in telecommunications technology; the ability to generate sufficient cash flow to fund the company's business plan, repay the company's debt and interest obligations, and maintain its networks; the ability to refinance indebtedness when required on commercially reasonable terms; changes in the telecommunications regulatory environment; changes in the demand for the company's services and products; the demand for particular products and services within the overall mix of products sold, as the company's products and services have varying profit margins; the company's ability to introduce new service and product offerings on a timely and cost effective basis; work stoppage caused by labor disputes; restrictions imposed under various credit facilities and debt instruments; the company's ability to attract and retain highly qualified employees; the company's ability to access capital markets and the successful execution of restructuring initiatives; changes in the funded status of the company's retiree pension and healthcare plans; disruption in operations caused by a health pandemic, such as the H1N1 influenza virus; changes in the company's relationships with current large customers, a small number of whom account for a significant portion of company revenue; and disruption in the company's back-office information technology systems, including its billing system.
The information contained in this release represents Cincinnati Bell's current intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and company assumptions. The company may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Cincinnati Bell's assumptions or otherwise. The cautionary statements contained or referred to in this release should be considered in connection with any subsequent written or oral forward-looking statements that Cincinnati Bell or persons acting on its behalf may issue.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE:CBB) provides integrated communications solutions - including local, long distance, data, Internet, wireless and entertainment services - that help keep residential and business customers connected with each other and with the world. In addition, businesses ranging in size from start-up to large enterprises turn to Cincinnati Bell for efficient, scalable office communications systems as well as complex information technology solutions including data center and managed services. Cincinnati Bell conducts its operations through three business segments: Wireline, Wireless, and Technology Solutions.
SOURCE: Cincinnati Bell
Cincinnati Bell Investors: Kurt Freyberger, 513-397-1055 kurt.freyberger@cinbell.com or Media: Lisa McLaughlin, 513-368-1860 lisa.mclaughlin@gyrohsr.com
Tags: billing business corporate debt economy entertainment environment health healthcare information technology internet labor local market new_york note nyse prices products profit rates residential restructuring revenue sec securities technology telecommunications wireless wireline
Cincinnati Bell Inc. Announces Earnings Release Date and Conference Call Details for Third Quarter
CINCINNATI, Oct 09, 2009 (BUSINESS WIRE) --
Cincinnati Bell Inc. (NYSE:CBB) will host a conference call on Wednesday, November 4, 2009 at 10:00 a.m. (EST) to discuss its financial results for the third quarter of 2009, which will be issued before the market opens that day.
The conference call dial-in number is (866) 780-1233. Callers located outside of the U.S. and Canada may dial (816) 581-1571. To participate, please call 15 minutes prior to the start time. A taped replay of the conference call will be available one hour after the conclusion of the call until 5:00 p.m. on Wednesday, November 18, 2009.
Replay Number: (888) 203-1112 Replay Number (outside U.S. and Canada): (719) 457-0820 Replay Passcode: 1849573
Cincinnati Bell will conduct a live, listen-only webcast of the conference call. To access the webcast, go to the Investor Relations section of www.cincinnatibell.com, click on the Webcasts/Presentations option and follow the instructions. Please plan to register for the live webcast at least 15 minutes prior to the scheduled presentation start time. The archived webcast will be available for replay following the conclusion of the live event.
About Cincinnati Bell Inc.
With headquarters in Cincinnati, Ohio, Cincinnati Bell provides integrated communications solutions--including local, long distance, data, Internet, wireless, and entertainment services--that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, businesses nationwide ranging in size from start-up companies to large enterprises turn to Cincinnati Bell for efficient, scalable office communications systems as well as complex information technology solutions including data center and managed services. Cincinnati Bell conducts its operations through three business segments: Wireline, Wireless, and Technology Solutions. For more information, visit www.cincinnatibell.com.
SOURCE: Cincinnati Bell Inc.
Cincinnati Bell Inc. Investor Contact: Kurt Freyberger, 513-397-1055 kurt.freyberger@cinbell.com or Media Contact: Lisa McLaughlin, 513-368-1860 lisa.mclaughlin@gyrohsr.com
Tags: business canada conference earnings entertainment information technology internet local nyse residential technology wireless wireline
Companies: Cincinnati Bell, Inc. (CBB)
Cincinnati Bell selects Motorola's gigabit passive optical network - Zibb.com
Oct 01, 2009 (Datamonitor via COMTEX) --
Motorola Home and Networks Mobility business has announced that Cincinnati Bell has selected Motorola's gigabit passive optical network, edge modulation, encryptor and encoding solutions for deployment in its fiber network.
Cincinnati Bell's fiber network will enable the delivery of personalized media experiences and support multiple broadband service tiers and advanced video services including the HDTV, video-on-demand (VOD) and standard definition television programming.
Cincinnati Bell's fiber network will run on the Motorola AXS2200 optical line terminal and the 1GHz capable Motorola ONT1400 single-family optical network terminal (ONT) and Motorola ONT6000 designed to serve multiple-dwelling units. These Motorola solutions inherently support SCTE-55-1, or Motorola RF return path functionality, for easy integration with Motorola RF set-tops and headend equipment.
Joe Cozzolino, senior vice president and general manager of access networks solutions at Motorola Home and Networks Mobility, said: "Cincinnati Bell's use of fiber in its network reflects a growing trend among operators to support bandwidth-intensive services that both generate new revenue and meet increasing consumer demand. We are excited to work with Cincinnati Bell on this gigabit passive optical network deployment bringing the most competitive, triple-play broadband services to subscribers in the region."
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Tags: bandwidth business consumer media optical president programming television video
Companies: Motorola, Inc. (MOT)
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Cincinnati Bell Wireless Phones: Alcatel 701a Blue
The Alcatel 701a redefines modern trends. It combines ease of use and extensive functionality with an exclusive fashion look. This elegant camera phone features a distinctive clamshell design with innovative materials and colors. More than just a phone, 701a is a fashion statement.
CINCINNATI BELL NETWORK SOLUTIONS
it.zibb.com
Procurement, Namely, Purchasing Data Networking Equipment For Others Installation, Maintenance and Repair of Telecommunications Equipment and Data Networking Equipment, For Others Monitoring and Design of Telecommunications Equipment and Data Networking Equipment For Others
http://it.zibb.com/trademark/cincinnati+bell+network+solutions/29667335
Cincinnati Bell Policies - Legal Notice
Except as authorized in this paragraph, you are not being granted a license under any copyright, trademark, patent or other intellectual property right in the material or the products, services, processes or technology described therein. All such rights are retained by Cincinnati Bell, Inc.
http://www.cinbell.com/customer_support/policies/legal_notice/
Cincinnati Bell buys software co. Virtual Blocks - Forbes.com
Virtual Blocks was a division of Commerx Computer Systems Inc. It develops software for the virtualization market. Virtualization helps corporate data centers save money on power and equipment by enabling a single computer to function like multiple machines.
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Cincinnati Bell, Incorporated - Company Profiles - Resources ...
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Cincinnati Bell Incorporated | CBB | CBB | TheStreet.com
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Cincinnati Bell Taps ATC for Business Partner Program ; Company Signs Sales Agency Agreement, Hits the Ground Running With New Business Orders
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News from Zibb.com
- Cincinnati Bell Inc. Reports Third Quarter 2009 Results - Zibb.com
- Cincinnati Bell Announces Offering of $500 Million Senior Notes - Zibb.com
- Cincinnati Bell Inc. Announces Earnings Release Date and Conference Call Details for Third Quarter
- Cincinnati Bell selects Motorola's gigabit passive optical network - Zibb.com
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