Brookfield Infrastructure to buy Cincinnati Bell in US$2.6B Deal

Cincinnati Bell Inc. (NYSE:CBB), together with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN), today announced an agreement through which Brookfield Infrastructure and its institutional partners will acquire Cincinnati Bell in a transaction valued at approximately $2.6 billion, including debt. $530M will be Equity investment and includes taking over $2B of existing debt. CBB has operations in Cincinati, OH and Hawaii where it provides mobile services as well in addition to Cable and Internet. Brookfield will be able to bring scale to the business as it operates Wireless and Broadband services in New Zealand and operates Telecom Towers and Cloud Data Centers in US, France, Brazil, India, UK and France.   

Brookfield Infrastructure to buy Cincinnati Bell in US$2.6B Deal

Cincinnati Bell Inc. To Be Acquired By Brookfield Infrastructure In $2.6 Billion Transaction

BIP Bolsters Data Infrastructure Portfolio with Cincinnati Bell

Hawaiian Telecom