$CBB (Cincinnati Bell Inc.)

$CBB {{ '2015-12-15T11:46:31+0000' | timeago}} • Announcement

Telecom services provider $CBB said that its subsidiary has closed the secondary public offering of 1.35MM of its shares of common stock of $CONE for net proceeds of about $47.6MM. $CBB intends to use the net proceeds from this offering for general corporate purposes and due to this offering, the Company effectively owns about 9.5% of $CONE.

$CBB {{ '2017-10-02T20:35:47+0000' | timeago}} • Announcement

$CBB completed its $201MM acquisition of OnX Enterprise Solutions. In connection with the completion of this transaction, $CBB entered into new senior secured credit facilities, comprised of a five-year $200MM senior secured revolving credit facility and a seven-year $600MM senior secured term loan facility.

$CBB {{ '2017-09-22T18:44:17+0000' | timeago}} • Announcement

$CBB announced the pricing of the private offering of $350MM of 8% senior notes due 2025 by CB Escrow Corp. The offering of the notes is part of the financing of the cash portion of the merger consideration for the acquisition of Hawaiian Telcom Holdco, Inc. by the company.

$CBB {{ '2017-09-21T12:08:06+0000' | timeago}} • Announcement

Communications solutions provider $CBB has begun an offering of $350MM aggregate principal amount of its senior notes due 2025. The offering is part of financing the merger consideration for the company’s acquisition of Hawaiian Telcom Holdco. The proceeds from the offering will also be used for refinancing Hawaiian Telcom’s indebtedness.

$CBB {{ '2017-05-09T13:26:43+0000' | timeago}} • Announcement

$CBB reaffirms its 2017 guidance. Revenues is expected to be about $1.2Bil and Adjusted EBITDA is expected to be about $295M.

$CBB {{ '2017-05-09T13:25:07+0000' | timeago}} • Announcement

During 1Q17, $CBB's Entertainment and Communications segment increased 3% YoY to $195MM from $190.3MM during 1Q16, mainly due to increased revenue from video. Revenues of the IT Services and Hardware segment fell 16% to $5MM from $8MM during 1Q16.

$CBB {{ '2017-05-09T13:20:41+0000' | timeago}} • Announcement

Communication company $CBB reported higher 1Q17 earnings, helped by $118MM gain on the sale of 2.8MM shares of CyrusOne. Net income rose to $60MM, or $1.37 per share, compared to 7MM, or $0.10 per share during 1Q16. Revenues fell 4% YoY to $278.2MM, mainly due to decline of Telecom and IT hardware sales.

$CBB {{ '2017-03-03T13:16:25+0000' | timeago}} • Announcement

$CBB named Leigh R. Fox as new CEO, effective May 31, 2017.  Mr. Fox, who held the position of COO and president of the company, succeeds the retiring chief executive Ted Torbeck.

$CBB {{ '2017-02-15T12:44:27+0000' | timeago}} • Announcement

$CBB expects 2017 revenue of $1.2Bil and adjusted EBITDA of $295MM, plus or minus 2%. The company said it is identifying opportunities to further reduce costs associated with the legacy copper network as it progress toward positive free cash flow for 2017.

$CBB {{ '2017-02-15T12:42:53+0000' | timeago}} • Announcement

$CBB slipped to a 4Q16 loss from a profit last year, due to cost-out initiatives as well as lower revenue. Net loss was $3.9MM or $0.09 per share compared to a profit of $30MM or $0.71 per share a year ago. Revenue declined to $285.3MM from $289.3MM. Adjusted EPS decreased to $0.01 from $0.05.

$CBB {{ '2017-01-12T17:47:07+0000' | timeago}} • Announcement

$CBB said it  is adding more than 300 universal call center agents who are based in Greater Cincinnati, and who are trained to handle every problem a customer might encounter after installing new or upgraded services from $CBB, whether it's a technical issue or a billing question.

$CBB {{ '2016-12-15T13:41:21+0000' | timeago}} • Announcement

$CBB said it plans to offer an additional $150MM aggregate principal amount of its 7.000% Senior Notes due 2024, subject to market and other conditions. The company intends to use the net proceeds to repay indebtedness under the Company's senior secured tranche B term loan facility in the amount of $148.5MM.

$CBB {{ '2016-10-05T13:28:12+0000' | timeago}} • Announcement

$CBB completed its previously announced 1-for-5 reverse stock split of its outstanding and treasury common shares.  As of the open of the market on October 5, 2016, the company's common shares will begin trading on a split-adjusted basis on the New York Stock Exchange under the unchanged symbol CBB.

$CBB {{ '2016-09-16T18:14:20+0000' | timeago}} • Announcement

$CBB has priced the previously announced offering of $425MM aggregate principal amount of its 7% senior notes due 2024. The Notes will be guaranteed, jointly and severally, on a senior unsecured basis by some of the company's existing and future domestic subsidiaries. The transaction is expected to close on Sept. 22, 2016.

$CBB {{ '2016-09-13T14:53:40+0000' | timeago}} • Announcement

Communications company $CBB plans to offer $425MM aggregate principal amount of its senior notes due 2024. The company intends to use the proceeds, along with cash on hand, to purchase its outstanding 8.375% senior notes due 2020 in a tender offer commenced on Sept. 13 and to redeem or discharge any 2020 notes not purchased in the tender offer.

$CBB {{ '2016-09-02T10:59:12+0000' | timeago}} • Announcement

$CBB said it named Leigh R. Fox as President & COO, and Andrew R. Kaiser as CFO. They will both report to CEO Ted Torbeck. Mr. Fox will oversee all aspects of operations, sales and customer care for both the Entertainment & Communications Segment and the IT Services & Hardware Segment. Mr. Kaiser will succeed Mr. Fox as CFO of the company.

$CBB {{ '2016-08-03T17:30:31+0000' | timeago}} • Announcement

$CBB said its shareholders approved a 1-for-5 reverse stock split of the company's common shares. At its meeting on Aug. 2, 2016, the BoD determined that Oct. 5, 2016 would be the effective date for the reverse stock split.

$CBB {{ '2016-04-20T16:36:11+0000' | timeago}} • Announcement

$CBB said its unit CBTS was selected as exclusive managed voice provider for State of Indiana in contract award worth about $10MM. The Indiana Office of Technology (IOT) has awarded CBTS "IP-based Voice as a Service" (IPVaaS) contract. CBTS becomes prime contractor responsible for delivery and operations of IP-based Voice as a Service.

$CBB {{ '2016-02-29T16:58:00+0000' | timeago}} • Announcement

CBTS, a wholly-owned subsidiary of $CBB has been named by $CSCO as one of the Unified Contact Center Enterprise (UCCE) Partners in the US. CBTS can leverage $CSCO's UCCE solutions across a lot of contact center models, including creating a premise-based solution, delivering managed services solution and providing a cloud offering.

$CBB {{ '2015-12-15T11:46:31+0000' | timeago}} • Announcement

Telecom services provider $CBB said that its subsidiary has closed the secondary public offering of 1.35MM of its shares of common stock of $CONE for net proceeds of about $47.6MM. $CBB intends to use the net proceeds from this offering for general corporate purposes and due to this offering, the Company effectively owns about 9.5% of $CONE.

$CBB {{ '2015-12-09T11:56:45+0000' | timeago}} • Announcement

$CBB said that following the completion of the proposed offering by its subsidiary, $CONE, it's looking forward to own approx. 9.5% of $CONE through its interests in outstanding shares of common stock & limited partnership of CyrusOne LP, which can be exchangeable into shares of common stock of $CONE.

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