0
Broadband

Cincinnati Bell Q1 EBITDA up on stable revenues

Tuesday 5 May 2020 | 15:43 CET | News
Cincinnati Bell reported first-quarter revenues flat year-on-year at USD 380 million, while adjusted EBITDA improved 4 percent to USD 102 million. The net loss widened to USD 36.6 million from USD 29.5 million a year earlier, including a USD 25 million break-up fee for ending its acquisition agreement with Brookfield Infrastructure in favour of a higher bid from Macquarie. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Cincinnati Bell
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cincinnati Bell reduces net loss, lifts revenues in Q3

Published 05 Nov 2020 15:19 CET | United States
Cincinnati Bell narrowed its net loss in the third quarter to USD 8.2 million from a loss the year earlier of 16.2 million, on ...

Cincinnati Bell acquires spectrum licences to expand broadband access in operating area

Published 21 Sep 2020 09:50 CET | United States
Cincinnati Bell won 56 wireless spectrum licences in 17 Greater Cincinnati, Dayton, and Hawaiian counties that will allow the ...

Cincinnati Bell adjusted EBITDA lifts 4% as revenues fall back 1% in Q2

Published 06 Aug 2020 23:13 CET | United States
Cincinnati Bell reported revenues for the first quarter off 1 percent from the year before to USD 380 million. The net loss ...

Cincinnati Bell accepts USD 2.9 bln takeover offer from MIRA

Published 16 Mar 2020 11:54 CET | United States
Cincinnati Bell has accepted the takeover offer from Macquarie Infrastructure (MIRA) at USD 15.50 per share in cash, for a total ...

Cincinnati Bell narrows loss in Q4, on revenues down 2%

Published 13 Feb 2020 14:55 CET | United States
Cincinnati Bell reported full year results in line with expectations but gave no fresh news about whether it would be continuing ...

Cincinnati Bell keeps FY outlook amid better profit figures for Q3

Published 07 Nov 2019 17:27 CET | United States
Cincinnati Bell reiterated its full year guidance after reporting better profit figures for the third quarter. Revenues for the ...