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MarketScreener Homepage  >  Equities  >  Nyse  >  Cincinnati Bell Inc.    CBB

CINCINNATI BELL INC.

(CBB)
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Cincinnati Bell : The City of Wyoming Partners with Cincinnati Bell to Provide Free Public WiFi

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05/18/2020 | 10:40am EDT

The City of Wyoming is proud to announce a partnership with Cincinnati Bell to realize a “Smart City” vision and bring free public WiFi to Wyoming as part of a broader effort to ignite economic growth.

In partnership with Wyoming, Cincinnati Bell has installed a Smart City solution with WiFi coverage in the central business district, the village green, and Crescent Park. The community may log on through a splash page at “Wyoming Free WiFi.”

This economic development project will allow Wyoming to connect with, engage, and inform visitors and residents; drive more activity and visits; and ultimately help the local business community thrive.

Wyoming is the first small city in Hamilton County to implement a Smart City solution. The City is partnering with Cincinnati Bell, which has implemented other Smart City solutions in the region and has invested approximately $1 billion into its Greater Cincinnati fiber network. Cincinnati Bell will leverage this unique expertise to help the City of Wyoming realize its Smart City vision.

“The City of Wyoming’s goal is to utilize the Smart City technology to provide a quicker recovery post Covid-19. We want to better engage our visitors and residents by providing seamless event navigation, calendar updates, latest news in parks and recreation, restaurant and retail specials and deals, maps and walking directions, and DORA (Designated Outdoor Refreshment Area) guidelines and mapping boundaries,” said Lynn Tetley, The City of Wyoming City Manager.

“Cincinnati Bell has been connecting businesses and customers for more than 140 years, and our WiFi and Smart City partnership with the City of Wyoming continues this tradition,” said Jason Praeter, President of Cincinnati Bell’s Entertainment & Communications business. “Connectivity is particularly critical given the challenges we are facing as a community, and Cincinnati Bell is proud to be working with leadership from the City of Wyoming on this important economic development initiative.”

About the City of Wyoming

The City is located just north of the City of Cincinnati, along State Route 4 (Springfield Pike). Wyoming is a quaint and historic community, with a rich local business network including niche retail and locally owned restaurants. For more information, please visit www.wyomingohio.gov. Or contact Lynn Tetley, City Manager at ltetley@wyomingohio.gov

About Cincinnati Bell Inc.

With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) provides integrated communications solutions - including local and long distance voice, data, high-speed Internet and video - that keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX, wholly-owned subsidiaries, for efficient, scalable office communications systems and end-to-end IT solutions. For more information, please visit www.cincinnatibell.com. The information on the Company's website is not incorporated by reference in this press release.


© Business Wire 2020
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Financials (USD)
Sales 2020 1 524 M - -
Net income 2020 -70,2 M - -
Net Debt 2020 2 041 M - -
P/E ratio 2020 -10,8x
Yield 2020 -
Capitalization 754 M 754 M -
EV / Sales 2019
EV / Sales 2020 1,83x
Nbr of Employees 4 400
Free-Float 98,2%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 15,00 $
Last Close Price 14,92 $
Spread / Highest target 3,89%
Spread / Average Target 0,54%
Spread / Lowest Target -6,17%
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Managers
NameTitle
Leigh R. Fox President, Chief Executive Officer & Director
Lynn A. Wentworth Chairman
Thomas E. Simpson Chief Operating Officer
Andrew R. Kaiser Chief Financial Officer
Kevin J. Murray Chief Information Officer & Senior Vice President
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