Macquarie acquires Cincinnati Bell for $2.9bn

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 employ