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Cincinnati Bell posts Q2 loss on acquisition costs, revenues up 14%

Wednesday 8 August 2018 | 20:16 CET | News
Cincinnati Bell saw its net loss swell to USD 14 million in the second quarter, from a profit of USD 2 million a year earlier, due to increased interest costs for its merger with Hawaiian Telcom, which closed in early July. Revenues were still up 14 percent to USD 297 million, helped by its earlier takeover of OnX Enterprise Solutions and demand for fibre services. Adjusted EBITDA rose by USD 2 million year-on-year to USD 80 million. 

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Categories: Fixed
Companies: Cincinnati Bell / Hawaiian Telcom
Countries: United States
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