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Cincinnati Bell to Sell Spectrum Licenses to Verizon

Apr 7, 2014, 7:33 AM by Eric M. Zeman

Cincinnati Bell today announced that it has agreed to sell its spectrum licenses to Verizon Wireless for a total of $210 million. Verizon will pay Cincinnati Bell $194 million in cash and provide an additional $16 million to cover select Cincinnati Bell debts. Once the transaction is complete, Cincinnati Bell will lease its former assets for a period of 8 to 12 month as it winds down operations and assists in transitioning customers to Verizon Wireless or other providers. Cincinnati Bell operates a GSM-based network in the greater Cincinnati, Ohio region. The transition period is necessary because its GSM/WCDMA technology isn't compatible with Verizon's CDMA/LTE technology. Cincinnati Bell will continue to operate its wireline telephone and television businesses. The deal is subject to regulatory approval and other considerations.

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This forum is closed.

Slammer

Apr 7, 2014, 11:01 AM

The Bell System forever lives.

Sprint and Tmobile are not allowed to form a third power to create viable competition for the former bells of AT&T and VZW, yet the two largest can continuously swallow up the smaller carriers putting them in an unfair advantage for the other less wealthy carriers.

The same Bell system broken up due to a monopoly. Hail to the FCC and DoJ for retaining the cartel and control over the industry and allowing them to have a family re-union. Forget about competition ever stepping foot near these two. It is forbidden under the financial pork shoved into the system by the two.

John B.

Joshmo

Slammer said:
Sprint and Tmobile are not allowed to form a third power to create viable competition for the former bells of AT&T and VZW, yet the two largest can continuously swallow up the smaller carriers putting them in an unfair advanta ...
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The Victor

because its nowhere near the same thing if tmobile and sprint merge it may or it maynot be for the best nobody knows, they are both on their own able to compete the att and vzw a lot more than these companies that are selling their spectrunm or just b...
(continues)

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Versed

John,
Give me a break, they could have offered money for the spectrum if they so wished, they didn't. Sprint has a ton of spectrum they choose for whatever reason not use it, or waste it on some odd ball 4g scheme like WiMax. Let there be 4 c...
(continues)

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rwalford79

Remember, it still needs approval. It may be seen that Verizon is too big with too little competition in that area, divesting may be in order, and TMobile would love the GSM infrastructure most as they need it there most.

...

dougm

Apr 7, 2014, 12:25 PM
edited

Vzw in Cinci

Was just in Cincinnati this weekend. Verizon had pretty great LTE coverage, even deep in some building basements, where there was not even a glimmer of Sprint or TMobile 2G, and some mediocre AT&T LTE.

Seems kind of odd that Verizon would want more spectrum in Cincy, and why would they buy this GSM carrier instead of AT&T buying it? Seems like Cinci Bell must have been desperate.

johnhr2

If t-mobile is so bad their why didn't T-mobile buy them instead of someone that has a strong presence?

WiWavelength

dougm said:
Seems kind of odd that Verizon would want more spectrum in Cincy, and why would they buy this GSM carrier instead of AT&T buying it? Seems like Cinci Bell must have been desperate.

Cincinnati was one of three ma ...
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