Cincinnati Bell's Fioptics fiber to the home network has become the regional telco's savior in its wireline business, passing over 258,000 homes and businesses at the end of Q3 2013.
Cincinnati Bell said that its Fioptics fiber to the home service was once again a key driver in its wireline revenue portfolio, rising 48 percent to $26 million.
Cincinnati Bell continued its top management transition as Jack Cassidy, the telco's vice chairman of the board, announced he would retire by the end of this year.
Cincinnati Bell has named 12-year company veteran Leigh R. Fox as its next CFO, succeeding Kurt Freyberger who is leaving the company at the end of the month to pursue new opportunities.
Cincinnati Bell is enhancing the TV Everywhere capabilities of its Fioptics TV service by adding the BTN2Go app, which offers a free 24/7 live simulcast of the Big Ten Network.
Cincinnati Bell may be smaller than its larger ILEC counterparts like AT&T, but it is currently in the midst of its own transition from another voice-centric telco to one that sells more consumer and business-based broadband services.
Cincinnati Bell has realigned its business services unit by combining its CBTS cloud services division with Cincinnati Bell Business Markets into one common division.
Cincinnati Bell's Fioptics service portfolio remains the revenue catalyst in the telco's wireline portfolio, rising 50 percent year-over-year in the second quarter to $24 million.
Cincinnati Bell is taking careful steps in building its Fioptics network, its president and CEO said, setting a modest goal of 15 percent penetration within six months of building into a new neighborhood.
Cincinnati Bell reported that its Fioptics fiber to the premises service revenue rose 52 percent year-over-year in Q1 2013 to $22 million, helping to partially offset the ongoing impact of voice line losses.