Cincinnati Bell Buys Rest of Wireless Unit

Cingular exercises its put option.
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Cincinnati Bell

(CBB) - Get Report

bought the 20% of Cincinnati Bell Wireless that it didn't already own from Cingular for $83 million.

Cincinnati Bell now owns all of Cincinnati Bell Wireless, which provides wireless services in greater Cincinnati and Dayton, Ohio.

The transaction follows Cingular's exercise of a put right it had under the wireless entity's operating agreement. Cingular is a venture of

AT&T

(T) - Get Report

and

BellSouth

(BLS)

.

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