Cincinnati Bell, which is exiting the retail wireless market at the end of the month, is not giving up on wireless entirely. The company said it recently struck a $30 million, multi-year small cell deal with an unnamed "national carrier."
Cincinnati Bell may have left the wireless services industry by selling its spectrum and related holdings to Verizon last April, but the service provider is aggressively pursuing new small cell wireless backhaul opportunities in its serving territory.
Cincinnati Bell continues to find fortune in its growing fiber-to-the-premises (FTTP) business Fioptics, one that CEO Ted Torbeck said will be a key point of expansion throughout this year with plans to ultimately expand coverage to 70-80 percent of its serving footprint.
Cincinnati Bell Wireless, which is in the process of shutting down its service and selling its spectrum to Verizon Wireless, is facing criticisms from customers than the transition has been anything but smooth. Cincinnati Bell will continue to provide service to its wireless customers through Feb. 28.
Cincinnati Bell is dedicating $200 million to deepen its fiber-to-the-premises (FTTP) presence in two Ohio cities in 2015, citing growth in its business customer base.
Service providers may be hot on the trail of delivering 1 Gbps fiber-to-the-premises (FTTP) services, but today's reality is that most consumers will not consume nearly that amount of bandwidth, nor are they universally aware that such services exist.
A top Cincinnati Bell executive said that while providing a 1 Gbps fiber-to-the-home (FTTH) service is a logical evolution of its broadband service regime, the service will initially resonate with a small part of its customer base.
Alaska Communications (ACS) has reached a deal to sell off its remaining wireless assets for $300 million to GCI Communications in a move that it says will help it deleverage its balance sheet while sharpening its focus on residential and business broadband services.
Cincinnati Bell's wireline segment "stands as the (company's) prime growth driver," a Zacks Equity Research analyst report says, although continued access line losses and the loss of a recurring revenue stream from a wireless business pullback negates some of the positives.
Cincinnati Bell has taken a bet that fiber-based broadband should be its focus, one that continued to pay off in the third quarter as the demand for its Fioptics service suite totaled $37 million, up 39 percent year-over-year.