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Brookfield Infrastructure buys Cincinnati Bell for USD 2.6 bln

2019-12-23 15:01:00| Telecompaper Headlines

(Telecompaper) Brookfield Infrastructure has bought Cincinnati Bell for USD 2.6 billion, including debt. The deal has received unanimous approval from Cincinnati Bell's board of directors but still needs to clear other customary conditions, including company shareholder as well as regulatory approval. It should clear by the end of next year. CEO Leigh Fox said the will enable the company to push its value over the long-term and expand its fibre network and services in Hawaii, Ohio, Kentucky, and Indiana, and across the nation.

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Category:Telecommunications

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