Fioptics Drives Cincinnati Bell 3Q14 Results

  • Cincinnati Bell
CINCINNATI — Thanks to continued high demand for Fioptics, Cincinnati Bell announced wireline revenue of $184 million in the third quarter, up $3 million compared to a year ago.

In the third quarter, the company added 8,400 high-speed Internet subscribers and 5,300 new video subscribers. During the quarter the company passed 15,900 homes with Fioptics and the product is now available to 40 percent of Greater Cincinnati. The company has also expanded the number of households capable of receiving at least 10 megabits of speed to 468,700, more than 55 percent of the market. The number of our Internet customers subscribing to these speeds has grown 37 percent year-over-year and now accounts for 45 percent of our internet subscriber base.

Acceleration of Fiber Investments

"The completion of the Wireless spectrum sale and the initial monetization of our CyrusOne investment has created an opportunity to accelerate our fiber investments and capitalize on the growing demand for our strategic products," said Ted Torbeck, president and chief executive officer. "Our fiber investments have significantly changed the perception of Cincinnati Bell and are essential to creating a fiber-based entertainment, communications, and IT solutions company with growing revenue, growing profits, and significant cash flows," added Torbeck.

Wireline Segment Highlights


  • Wireline revenue for the quarter totaled $184 million, up $3 million compared to the prior year.

  • Fioptics revenue for the quarter was $37 million, up 39 percent from the prior year.

  • Strategic revenue for business customers totaled $42 million (including $2 million of Fioptics revenue) for the quarter, up 10 percent compared to the prior year.

  • Decrease from prior year resulted from additional costs to support fiber acceleration and projects aimed at streamlining operations and shared service functions.

  • Fioptics video subscribers totaled 87,800 at the end of the third quarter, up 26 percent compared to the same period in 2013.

  • Fioptics Internet subscribers totaled 106,700, adding 8,400 new Fioptics high-speed Internet subscribers in the quarter.

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