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Macquarie acquires Cincinnati Bell for $2.9bn

2021-09-09 02:00:00| Total Telecom industry news

The $2.9 billion transaction will accelerate Cincinnati Bell’s fiber build across its operating footprint, and support strategic investments in the company’s IT Services businesses throughout North America. Leigh Fox, President and Chief Executive Officer of Cincinnati Bell, said the transaction close marks the beginning of an exciting new chapter in the company’s nearly 150-year history. “Our partnership with MIP is tremendous news for Cincinnati Bell’s 4,700 employees, our customers, and the communities we serve,” Fox said. “MIP has deep telecommunications expertise and a strong track record of investing in capital intensive businesses…read more on TotalTele.com »

Tags: bell cincinnati acquires macquarie

Telco cloud revenue to soar to $29bn by 2025

2020-11-25 01:00:00| Total Telecom industry news

A new whitepaper from ABI Research has shown that the global telco cloud market is set to increase explode over the next five years. Currently, the global market value sits at around $8.7 billion, an amount that is set to more than triple by 2025, reaching $29.3 billion. The five-year CAGR for global revenue is 27%. According to their modelling, the global telco cloud market will be split relatively evenly around the globe…read more on TotalTele.com »

Tags: revenue cloud soar telco