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On the Record · Cincinnati Bell

Cincinnati Bell acquisitions, on the record

The businesses Cincinnati Bell bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
CBTS and OnX businesses (IT Services and Hardware segment), sold to TowerBrook Capital Partners
Word for word“On February 2, 2024, the Company entered into a definitive purchase agreement (the "Purchase Agreement") with TowerBrook Capital Partners ("TowerBrook") in which TowerBrook will acquire the CBTS and OnX businesses from the Company for a purchase price of $670.0 million.” 10-K for 2023
agreed divestitureFebruary 2, 2024$670.0 million
Hawaiian Telcom Holdco, Inc.
Word for word“On July 2, 2018, the Company acquired Hawaiian Telcom.” 10-K for 2023
acquisitionJuly 2, 2018—
Agile IWG Holdings, LLC (Agile)
Word for word“On May 2, 2022, the Company acquired Agile IWG Holdings, LLC ("Agile") for total cash consideration of $65.5 million.” 10-K for 2023
acquisitionMay 2, 2022$65.5 million
Ohio Transparent Telecom Inc. (OTT)
Word for word“On April 17, 2023, the Company acquired Ohio Transparent Telecom Inc. ("OTT") for an aggregate purchase price of $3.3 million.” 10-K for 2023
acquisitionApril 17, 2023$3.3 million
CBTS and OnX businesses (the "Disposal Group") to TowerBrook Capital Partners
Word for word“On February 2, 2024, the Company entered into a definitive purchase agreement (the "Purchase Agreement") with TowerBrook Capital Partners ("TowerBrook") in which TowerBrook would acquire the CBTS and OnX businesses (the "Disposal Group") from the Company for a purchase price of $670.0 million.” 10-K for 2024
divestiture—$670.0 million
fiber network assets from the City of Lawrenceburg
Word for word“In the first quarter of 2023, the Company acquired fiber network assets from the City of Lawrenceburg for an aggregate purchase price of $3.0 million, and in the third quarter of 2023, the Company acquired fiber network assets from Bridgewired, LLC ("Bridgewired") for an aggregate purchase price of $6.7 million.” 10-K for 2024
acquisitionIn the first quarter of 2023$3.0 million
fiber network assets from Bridgewired, LLC ("Bridgewired")
Word for word“In the first quarter of 2023, the Company acquired fiber network assets from the City of Lawrenceburg for an aggregate purchase price of $3.0 million, and in the third quarter of 2023, the Company acquired fiber network assets from Bridgewired, LLC ("Bridgewired") for an aggregate purchase price of $6.7 million.” 10-K for 2024
acquisitionIn the third quarter of 2023$6.7 million
Paniolo Cable Company, LLC bankruptcy estate inter-island submarine and middle-mile fiber infrastructure assets in Hawaii
Word for word“The Paniolo transaction closed in August 2021 for an amount of $52.3 million, inclusive of transaction costs.” 10-K for 2024
acquisitionAugust 2021$52.3 million
Hawaiian Telcom Holdco, Inc. ("Hawaiian Telcom")
Word for word“On July 2, 2018, the Company acquired Hawaiian Telcom.” 10-K for 2024
acquisitionJuly 2, 2018—
Red Fiber Parent LLC (Merger Sub merged with and into the Company)
Word for word“On September 7, 2021 (the “Closing Date” or “Merger Date”), upon the terms and subject to the conditions set forth in the Merger Agreement, and in accordance with the applicable provisions of the Ohio General Corporation Law (the “OGCL”), Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation (the “Merger”).” 10-K for 2024
mergerOn September 7, 2021—
CBTS and OnX businesses (the "Disposal Group")
Word for word“On February 2, 2024, the Company entered into a definitive purchase agreement (the "Purchase Agreement") with TowerBrook Capital Partners ("TowerBrook") in which TowerBrook agreed to acquire the CBTS and OnX businesses (the "Disposal Group") from the Company for a purchase price of $670.0 million.” 10-K for 2025
divestiture—$670.0 million
Hawaiian Telcom
Word for word“On July 2, 2018, the Company acquired Hawaiian Telcom.” 10-K for 2025
acquisitionJuly 2, 2018—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$0$0
2017-12-31$167 million$137 million
2018-12-31$216.8 million$8.8 million
2019-12-31$0$0
2020-12-31$0—
2022-12-31$65.5 million$39.4 million
2023-12-31$3.2 million$1.1 million
2024-12-31$0—
2025-12-31$0—

Deal filings since 2016

Read from Cincinnati Bell’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.