M&A Deal Summary

Cincinnati Bell Acquires Bridgewired - Broadband Infrastructure Assets

On June 9, 2023, Cincinnati Bell acquired communications company Bridgewired - Broadband Infrastructure Assets from Bridgewired

Acquisition Highlights
  • This is Cincinnati Bell’s 4th transaction in the Communications sector.
  • This is Cincinnati Bell’s 5th transaction in the United States.
  • This is Cincinnati Bell’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2023-06-09
Target Bridgewired - Broadband Infrastructure Assets
Sector Communications
Buyer(s) Cincinnati Bell
Sellers(s) Bridgewired
Deal Type Divestiture

Target

Bridgewired - Broadband Infrastructure Assets

Waynesville, Ohio, United States
website
Bridgewired's Broadband Infrastructure Assets provides fiber optic network services.

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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 6 of 6
Sector (Communications) 4 of 4
Type (Divestiture) 2 of 2
State (Ohio) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Agile Networks

Canton, Ohio, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 CBTS

Cincinnati, Ohio, United States

CBTS is a provider of IT services and solutions focused on enterprise and upper-middle-market customers. Combining deep technical expertise with a full suite of flexible technology solutions, CBTS serves over 3,000 customers in all industries across the United States and Canada. CBTS was founded in 1994 and is based in Cincinnati, Ohio.

Sell -

Seller(S) 1

SELLER

Bridgewired

Waynesville, Ohio, United States

website

Category Company
Sector Communications
DESCRIPTION

Bridgewired operates a fiber optic network delivering gigabit Internet speeds to locations in portions of Warren County, Greene County, and Clinton County. Bridgewired is based in Waynesville, Ohio.

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 (2023) 1 of 1
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