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Brookfield Infrastructure buys Cincinnati Bell for USD 2.6 bln

Monday 23 December 2019 | 15:01 CET | News
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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 deal 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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Categories: Fixed
Companies: Cincinnati Bell
Countries: United States
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