News

Cincinnati Bell Inc. to Acquire Dayton Operations of CenturyTel
Acquisition of customers and fiber network assets expands business market operations in Dayton

CINCINNATI - March 11, 2008 - Cincinnati Bell Inc. (NYSE: CBB) today announced that it has entered into a definitive purchase agreement to acquire the Dayton, Ohio, operations of CenturyTel for $1.5 million. The transaction includes access lines that are in service to small and medium-sized business customers, an area of growth for Cincinnati Bell, as well as a fiber network throughout the Dayton metro area.

"The acquisition of customers and an area fiber network from CenturyTel is an excellent fit with Cincinnati Bell's strong operations in Dayton," said Mark Lundahl, general manager of Cincinnati Bell's Dayton market. "By continuing to invest in the Dayton market, we are able to provide CenturyTel and Cincinnati Bell customers with a broader range of products and services that helps them manage their businesses more efficiently."

Since 2004 Cincinnati Bell has experienced tremendous growth in Dayton, which is the largest of its competitive local exchange carrier (CLEC) markets. As an integrated telecommunications provider, Cincinnati Bell offers customers greater value with the ability to bundle local, long distance, Internet, and wireless services. In addition, Cincinnati Bell offers communications systems and information technology solutions for businesses of all sizes.

Cincinnati Bell expects the transaction with CenturyTel to close during the second quarter of 2008 upon satisfaction of customary closing conditions, including all required regulatory approvals.

About Cincinnati Bell Inc.
Cincinnati Bell (NYSE: CBB) provides integrated communications solutions-including local, long distance, data, Internet, and wireless services-that help keep residential and business customers in Greater Cincinnati and Dayton connected with each other and with the world.

In addition, businesses ranging in size from start-up companies to large enterprises turn to Cincinnati Bell for efficient, scalable office communications systems as well as complex information technology solutions including data center and managed services.

Cincinnati Bell conducts its operations through three business segments: Wireline, Wireless, and Technology Solutions. For more information, visit www.cincinnatibell.com