Cincinnati Bell

Verizon Wireless buying spectrum and assets from Cincinnati Bell for $210 million

Verizon Wireless buying spectrum and assets from Cincinnati Bell for $210 million

Derek Kessler 36

Cincinnati Bell Wireless has entered into an agreement to sell its spectrum holdings and wireless infrastructure to Verizon Wireless. The deal, valued at $210 million will see Cincinnati Bell's customers transferred to Verizon "or other wireless providers" over the next 8-12 months, during which time the carrier will lease back that spectrum and those towers for "a nominal fee". With...