Fioptics Boosts Revenue Gains for Cincinnati Bell

  • Cincinnati Bell
CINCINNATI - Cincinnati Bell's Fioptics revenue totaled $31 million, up 43 percent year-over-year as reported in the company's financial results for the first quarter of 2014, an important achievement as the company is moving away from its wireless business in favor of fiber-based communications.

“We are excited about our first quarter results. For the first time in more than a decade we generated year-over-year growth in both Wireline revenue and Adjusted EBITDA," said Ted Torbeck, president and CEO. Torbeck also added, "The agreement to sell our wireless spectrum is a significant milestone in our efforts to transform Cincinnati Bell into a healthy fiber-based entertainment, communications and IT Solutions company with growing revenue, growing profits and significant cash flows."

  • Wireline revenue for the quarter totaled $184 million, up 2 percent compared to the prior year.

    • Fioptics revenue for the quarter was $31 million, up 43 percent from the prior year.

    • Fioptics video subscribers totaled 77,500 at the end of the first quarter, up 35 percent compared to the same period in 2013.



  • Fioptics Internet subscribers totaled 91,600, adding 5,900 new Fioptics high-speed Internet subscribers in the quarter.

  • In the first quarter of 2014, the company passed an additional 12,000 units with Fioptics, which is available to approximately 36 percent of Greater Cincinnati.


 

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