M&A Deal Summary

Cincinnati Bell Acquires Agile Networks

On May 2, 2022, Cincinnati Bell acquired communications company Agile Networks from InSite Wireless Group

Acquisition Highlights
  • This is Cincinnati Bell’s 3rd transaction in the Communications sector.
  • This is Cincinnati Bell’s 4th transaction in the United States.
  • This is Cincinnati Bell’s 1st transaction in Ohio.

M&A Deal Summary
Date 2022-05-02
Target Agile Networks
Sector Communications
Buyer(s) Cincinnati Bell
Sellers(s) InSite Wireless Group
Deal Type Divestiture

Target

Agile Networks

Canton, Ohio, United States
website
Agile Networks is a provider of hybrid fiber wireless broadband data networks, supplying connectivity to empower customers and transform organizations. Agile Networks was founded in 2010 and is based in Canton, Ohio.

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Buyer(S) 1

Buyer

Cincinnati Bell

Cincinnati, Ohio, United States

website

Category Company
Founded 1873
Sector Communications
Employees4,300
Revenue 1.5B USD (2019)
DESCRIPTION
Cincinnati Bell's corporate headquarters in Cincinnati, Ohio.
Cincinnati Bell's corporate headquarters in Cincinnati, Ohio.

Cincinnati Bell, Inc. is a provider of integrated communications solutions, including local and long-distance voice, data, high-speed Internet and entertainment services. Cincinnati Bell serves customers in Greater Cincinnati and Dayton. Cincinnati Bell was founded in 1873 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 5 of 6
Sector (Communications) 3 of 4
Type (Divestiture) 1 of 2
State (Ohio) 1 of 2
Country (United States) 4 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Hawaiian Telcom Holdco

Honolulu, Hawaii, United States

Hawaiian Telcom Holdco, Inc. is a provider of integrated communications and entertainment solutions for business and residential customers. Hawaiian Telcom was founded in 1883 and is based in Honolulu, Hawaii.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-09 Bridgewired - Broadband Infrastructure Assets

Waynesville, Ohio, United States

Bridgewired's Broadband Infrastructure Assets provides fiber optic network services.

Buy -

Seller(S) 1

SELLER

InSite Wireless Group

Alexandria, Virginia, United States

website

Category Company
Founded 2000
Sector Communications
DESCRIPTION

InSite Wireless Group LLC develops, owns, operates, and manages communications wireless infrastructure facilities primarily for the wireless and broadcast industries. InSite’s tower division is one of the largest privately-owned U.S. tower companies and develops, manages, owns, and operates approximately 1,500 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, the U.S. Virgin Islands, Canada, and Australia. InSite’s distributed antenna system (DAS) and small cell division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in public facilities and complex environments. InSite Wireless Group was founded in 2000 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-20 Repeater Communications Group

Great Neck, New York, United States

Repeater Communications Group operates approximately 3,500 co-located rooftop and tower communications sites throughout the northeastern United States and the central coast of California. It has long-standing relationships with some of the most recognized names in real estate, as well as local, regional, national, and international communications companies.

Buy -
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