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The City of Loveland has partnered with Cincinnati Bell to implement a "Smart City" initiative, providing free public Wi-Fi across Downtown Loveland. This solution, available to residents and visitors via a splash page, aims to boost local economic growth by enhancing connectivity and attracting more visitors.
With existing partnerships across multiple cities, Cincinnati Bell is positioned to leverage its experience in connectivity, supporting local businesses and community engagement.
Cincinnati Bell has extended the expiration time for its consent solicitations related to proposed amendments for its outstanding notes, including the 7.25% Notes due 2023 and the 6.30% Debentures due 2028. The new expiration time is set for 5:00 p.m. on May 21, 2021. As of May 14, 2021, notable consent percentages include 36.81% for the 2023 Notes and 98.53% for the 2024 Notes. The company has already secured the necessary consents for the amendments to the 2024 and 2025 Notes Indentures. Further details are outlined in the Consent Solicitation Statement.
Cincinnati Bell announces an extension for its consent solicitations regarding proposed amendments to its debt instruments, including 2023, 2024, 2025 Notes, and 2028 Debentures. The new expiration time is set for May 14, 2021. The company has increased consent fees to $10.00 per $1,000 for the 2023 and 2028 Notes. As of May 7, 2021, consent percentages included 35.48% for 2023 Notes and 98.51% for 2024 Notes. Notably, Cincinnati Bell has achieved the requisite consents for amending the 2024 and 2025 Notes Indentures. Holders of Notes need not take further action if they have already consented.
CBTS has achieved Check Point 5-Star Partner status, highlighting its expertise across all Check Point security pillars. This recognition stems from significant investments in certifications, consistent marketing, and increased security program launches. CBTS stands out as one of fewer than ten partners among over 1,000 North American channel partners. The partnership aims to enhance security for cloud, SD-WAN, and network solutions, helping organizations address advanced security threats during remote work expansion, reinforcing operational efficiency and risk mitigation for clients.
Cincinnati Bell has extended the expiration time for its consent solicitations regarding proposed amendments to several indentures governing its bonds. The new expiration time is set for 5:00 p.m. on May 7, 2021. As of April 30, 34.63% of the 2023 Notes, 98.50% of the 2024 Notes, 97.07% of the 2025 Notes, and 42.29% of the 2028 Notes had validly consented. The company has obtained the requisite consents required for the 2024 and 2025 Notes amendments, but needs a minimum of 66-2/3% consent for the 2023 and 2028 Notes. The terms of the solicitations remain unchanged aside from the extended expiration date.
Cincinnati Bell announced the extension of the expiration time for its consent solicitations regarding amendments to various indentures governing its debt securities. The new expiration is set for April 30, 2021. As of April 22, 2021, notable consent rates were recorded: 33.43% for the 2023 Notes, and over 96% for 2024 and 2025 Notes. The company has secured the necessary consents for amendments to the 2024 and 2025 Notes Indentures. This announcement is purely informative and does not constitute an offer to sell any securities.
Cincinnati Bell has initiated consent solicitations regarding amendments to several indentures for its Notes, including 7.25% Notes due 2023 and 8% Senior Notes due 2025. This move is linked to Macquarie Infrastructure Partners' proposed acquisition of the Company. Notably, receiving the necessary consents is not a prerequisite for the acquisition's closure. If consents are obtained, Cincinnati Bell will pay $2.50 per $1,000 in principal for consenting holders. The consent solicitations expire on April 22, 2021, with no assurance on acquisition completion timing.
Cincinnati Bell has partnered with Boone County to develop a one gigabit high-speed broadband fiber network, ensuring internet access for every address in the county. The project will be funded by a $13.6 million commitment from Boone County and over $30 million from Cincinnati Bell. The fiber network, expected to be completed within 24-36 months, aims to connect over 40,000 underserved addresses, enhancing the region's connectivity for residents and businesses. This initiative aligns with Cincinnati Bell's goal of advancing digital equity and providing high-quality fiber connections.
Cincinnati Bell Inc. (NYSE:CBB) reported its 2020 financial results, achieving significant revenue growth despite pandemic challenges. Fourth-quarter revenue reached $410 million, totaling $1.56 billion for the year. The company's Adjusted EBITDA for Q4 was $110 million, with a yearly total of $421 million. Cincinnati Bell's agreement to be acquired by Macquarie Infrastructure Partners for $15.50 per share signifies positive valuation for shareholders. Key segments showed resilience, with fiber subscribers rising significantly in both Cincinnati and Hawaii, underscoring the company's commitment to enhancing its infrastructure.
Cincinnati Bell and CBTS will create 137 new jobs, enhancing their investment in fiber networks and providing high-speed connectivity and professional services. This initiative is supported by a Job Creation Tax Credit from the State of Ohio. CBTS serves diverse clients across North America and focuses on attracting talented IT professionals to support existing and new customers. The investment aims to boost connectivity and community support in Southwest Ohio while ensuring continued delivery of essential technology services.
