Cincinnati Bell Buys Rest of Wireless Unit
Cingular exercises its put option.
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)
.
This story was created through a joint venture between TheStreet.com and IRIS.
