Cinci Bell revenue up, charges hurt profit

Following recent moves to acquire two other firms, Cincinnati Bell posted revenue for the fourth quarter of 2007 at $360 million, or about 10% higher than the same quarter of 2006. Net income for the quarter was burdened by a $38 million restructuring charge, and came in at about $700,000, or a loss of 1 cent per share. The company also announced a $150 million share buyback program. Coming quarters in 2008 should show the effect of the acquisitions of eGix and GramTel USA.

For more:
- see this article at The Greater Cincinnati Business Courier

Related articles:
- Cincinnati Bell announced last month that it would buy GramTel USA

Suggested Articles

The colocation services market revenue will grow by 6.2% this year, but that's below a previous forecast of 9.2%, according to research by Omdia.

After spending the last two years aligning various elements, SES Networks' satellite-based SD-WAN service is now generally available.

Cisco is postponing its flagship event, Cisco Live, until later in June due to the ongoing racial tension in the U.S.