Cincinnati Bell 3Q 2018 Results Get Fiber Boost

CINCINNATI — Cincinnati Fioptics revenue totaled $86 million, up 9 percent from a year ago, Cincinnati Bell reported in its 3Q 2018 financial results. This includes Hawaiian Telcom’s financial performance subsequent to the close of the merger on July 2, 2018.

The company completed its merger with Hawaiian Telcom on July 2, 2018, a major step toward building scale and locking in fiber density value for shareholders and customers. Hawaiian Telcom revenue totaled $87 million which generated Adjusted EBITDA of $23 million, up 4 percent compared to the prior quarter.

Continued Demand for Fiber
"Our performance this quarter highlights the continued demand for our fiber offerings, reinforcing our ability to win with fiber as we successfully transition customers to an infrastructure that supports high-density data transmission,” said President and CEO Leigh Fox. “We remain encouraged by the growth in our IT services business and the demand for UCaaS, SD-WAN and NaaS as customers shift from legacy to strategic IT solutions, driving significant recurring revenue.”

Fox continued, “Integration efforts at Hawaiian Telcom are progressing as planned with a clear path forward and solid foundation to replicate Cincinnati Bell’s fiber success in Hawaii. We remain confident in our ability to realize the expected synergies and are optimistic about cross selling IT services in Hawaii. We are on target to achieve our objectives for the year and will continue to invest in our strategic offerings where we are winning to maximize shareholder value."