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Cincinnati Bell buys Hawaiian Telcom, OnX for USD 650 mln

2017-07-10 17:04:00| Telecompaper Headlines

(Telecompaper) Cincinnati Bell has bought Hawaiian Telcom and OnX Enterprise Solutions for a total of USD 650 million, giving a boost to its scale and service offerings. Under the agreement with Hawaiian, Hawaiian Telcom shareholders will be able to either get USD 30.75 in cash, 1.6305 Cincinnati shares, or a mix of USD 18.45 in cash and 0.6522 shares of Cincinnati Bell for each share of Hawaiian Telcom. Cincinnati will pay USD 201 million for OnX Enterprise Solutions, in cash.

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Category:Telecommunications

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