M&A Deal Summary

Verizon Communications Acquires Cincinnati Bell - Wireless Spectrum Licenses

On April 7, 2014, Verizon Communications acquired communications company Cincinnati Bell - Wireless Spectrum Licenses from Cincinnati Bell for 210M USD

Acquisition Highlights
  • This is Verizon Communications’ 6th transaction in the Communications sector.
  • This is Verizon Communications’ 14th largest (disclosed) transaction.
  • This is Verizon Communications’ 13th transaction in the United States.
  • This is Verizon Communications’ 1st transaction in Ohio.

M&A Deal Summary
Date 2014-04-07
Target Cincinnati Bell - Wireless Spectrum Licenses
Sector Communications
Buyer(s) Verizon Communications
Sellers(s) Cincinnati Bell
Deal Type Divestiture
Deal Value 210M USD

Target

Cincinnati Bell - Wireless Spectrum Licenses

Cincinnati, Ohio, United States
Cincinnati Bell, Inc. - Wireless Spectrum Licenses is a provider of communication services in US.

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Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States

website

Category Company
Founded 1983
Sector Communications
Employees104,400
Revenue 134.0B USD (2023)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York City.

DEAL STATS #
Overall 13 of 34
Sector (Communications) 6 of 13
Type (Divestiture) 1 of 4
State (Ohio) 1 of 1
Country (United States) 13 of 32
Year (2014) 3 of 3
Size (of disclosed) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Intel Media

Santa Clara, California, United States

Intel Media, Inc. is a provider of streaming TV services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Federal Network Systems

Ashburn, Virginia, United States

Federal Network Systems LLC provides systems integration and communication, information technology and data security solutions for the global market; with particular focus on supporting the Intelligence Community, the Department of Defense, and federal civilian customers.

Sell -

Seller(S) 1

SELLER

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 3 of 4
Sector (Communications) 1 of 1
Type (Divestiture) 2 of 3
State (Ohio) 2 of 3
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-18 CyrusOne

Dallas, Texas, United States

CyrusOne is a premier global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies. CyrusOne was founded in 2001 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 OnX Enterprise Solutions

Thornhill, Ontario, Canada

OnX Enterprise Solutions Ltd. is a global enterprise data center solutions provider with a suite of end-to-end solutions including the industry’s leading enterprise cloud offerings. OnX Enterprise Solutions was founded in 2006 and is based in Thornhill, Ontario.

Buy $201M
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