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CBTS has been recognized by Frost & Sullivan in the top quadrant of the 2020 Frost Radar Report for Hosted IP Telephony and Unified Communications as a Service (UCaaS) in North America. Ranked among the top 10 in North American growth, CBTS offers tailored solutions to support businesses in remote working environments. The company is noted for its consultative approach and flexibility in providing services across various industries, including healthcare and education. CBTS's innovation in cloud communications has established it as a leader in the UCaaS space.
Cincinnati Bell Inc. (NYSE:CBB) will announce its financial results for the fourth quarter and full year of 2020 on February 18, 2021, before the market opens. Notably, there will be no earnings conference call this quarter, following the company's announcement on March 13, 2020, regarding its acquisition by Macquarie Infrastructure Partners. Cincinnati Bell provides integrated communications solutions over its fiber-optic and copper networks, serving customers in Ohio, Kentucky, Indiana, and Hawaii.
CBTS has launched a suite of networking solutions tailored for remote and branch office workers. These solutions aim to provide reliable bandwidth, security, and enterprise-level network quality to enhance productivity. The offerings include Cisco Meraki and VMware SD-WAN bundles, designed in tiers to accommodate various user needs and industries. Jana Dorton, CBTS Solutions Enablement Manager, emphasized the challenges remote employees face and the importance of optimized networks. CBTS continues its mission to improve remote work environments, helping organizations adapt to new work-from-anywhere policies.
Cincinnati Bell has launched a pilot program offering 2 gigabit Internet to select consumers, aiming to expand this service across its fiber network in Greater Cincinnati. This service, priced at $299 per month, is 30 times faster than average broadband. Cincinnati Bell has invested over $1 billion since 2010 to enhance its fiber infrastructure, currently serving approximately 500,000 addresses. This initiative continues their commitment to providing advanced technology solutions, building on their 1 gigabit Internet service launched in 2014.
Cincinnati Bell partners with the Lockland School District and Village of Lockland to provide free public WiFi, aiming to enhance digital equity and connectivity for residents. The initiative will cover 15 locations, including 8 hotspots and 7 apartment complexes, benefiting students and community members. Mayor Mark Mason Sr. and Superintendent Bob Longworth emphasize the project's importance for educational and employment opportunities. Cincinnati Bell continues its Smart City efforts after similar implementations in other locales, reinforcing its commitment to universal Internet access.
OnX Canada has been named Managed Security Services Company of the Year for 2020-2021 by CIOReview’s Enterprise Security Magazine. This recognition highlights OnX's capability in addressing security challenges amid the rise of the remote workforce. OnX's Managed Security Services focus on enabling enterprises to reduce risks in cloud migration, ensure consistent security across locations, and swiftly identify and remediate cyber vulnerabilities. The company emphasizes a proactive approach to security, stating that effective security is a continuous program rather than a one-time event.
CBTS, a leading technology provider, has received the Cisco Partner Summit North America award for Technology Excellence Partner of the Year: Security. This award recognizes channel partners that excel in innovative processes and strategic business outcomes. Cisco's Senior Director praised CBTS for its outstanding achievement in addressing business challenges effectively. CBTS emphasized its commitment to enhancing client security through AI-driven solutions, particularly with the Cisco SecureX platform.
OnX Canada has launched a new Unified Communications as a Service (UCaaS) solution, integrating Cisco BroadWorks and Cisco Webex. This offering enhances collaboration for both traditional and remote work environments by providing hosted VoIP, video conferencing, unified applications, and work stream collaboration. The solution offers users secure access to all communication features from any device and network. OnX aims to enhance productivity and flexibility for small to mid-size business clients while providing IT teams with real-time data analytics.
Cincinnati Bell Inc. (NYSE:CBB) reported Q3 2020 revenue of $390 million, with year-to-date revenue at $1.15 billion. The company saw a 3% decline in Entertainment and Communications revenue, totaling $241 million. However, Fioptics revenue increased by $3 million to $91 million. Adjusted EBITDA for Q3 was $102 million, down from $106 million the previous year, influenced by a one-time COVID-19 employee bonus. Cincinnati Bell continues to progress on the planned acquisition by Macquarie Infrastructure Partners, expected to close in H1 2021 for $15.50 per share.
CBTS, a technology provider, has announced the full integration of its Hosted Unified Communications (UC) solution with Cisco Webex, enhancing collaboration and communication capabilities. This integration allows users seamless access to VoIP, video conferencing, and teamwork tools from a single application. The solution aims to improve productivity and security for small to medium businesses, enabling work-from-anywhere policies. CBTS continues its commitment to delivering unified communications, SD-WAN, and cloud solutions backed by 24/7 support.
