Cincinnati Bell's CEO Ted Torbeck told investors that the telco will continue to focus on transforming itself into a fiber-based broadband company, with plans to spend between $80 million to $85 million on rolling out fiber to the home (FTTH) throughout Cincinnati.
The following charts the top U.S. wireless carriers in the first quarter of 2014 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier.
Cincinnati Bell's Fioptics fiber-based broadband continued its successful run in the first quarter of 2014 as revenues rose 43 percent year-over-year to $31 million.
A number of the largest telcos reported in recent public filings with the Securities and Exchange Commission (SEC) how much their CEOs made in 2013. FierceTelecom examines the salary and compensation rates of chief executives at 10 publicly traded service providers in our annual highest paid CEOs in wireline feature.
Cincinnati Bell's aggressive fiber rollout is having an effect on area small businesses, and its partnership with The Brandery, a consumer marketing and branding accelerator, is a good example of that trend.
Cincinnati Bell's pending sale of its wireless assets may be a sign of the challenge regional wireless operators face in competing against behemoths like AT&T Mobility. But the other part of the story is that it will free up resources to enhance Fioptics, its growing consumer fiber-based broadband service, and its business and wholesale arms.
Cincinnati Bell's decision to sell its wireless spectrum to Verizon Wireless for $210 million and shutter its wireless business was necessary because the unit just wasn't succeeding in the market, according to Cincinnati Bell CEO Ted Torbeck.
Cincinnati Bell, the nation's ninth-largest wireless carrier, announced that it will shut down its wireless network and sell its spectrum--essentially an acknowledgement that it cannot compete in today's wireless industry. So what does this mean for the rest of the nation's smaller regional wireless players that continue to struggle to compete with the Tier 1 wireless operators?
Cincinnati Bell confirmed that it will sell its wireless spectrum licenses to Verizon Wireless for $210 million, a move that should allow it to more effectively focus on its growing wireline-based Fioptics broadband offerings for consumers and small to medium businesses.
Verizon Wireless will buy Cincinnati Bell's wireless spectrum in a deal valued at $210 million, effectively ending the regional carrier's wireless operations. According to Strategy Analytics, Cincinnati Bell is the nation's ninth largest wireless carrier.