CyrusOne Inc. Commences Initial Public Offering of Common Stock

  CyrusOne Inc. Commences Initial Public Offering of Common Stock

Business Wire

CINCINNATI -- January 8, 2013

Cincinnati Bell Inc. (NYSE:CBB) announced today that CyrusOne Inc., its wholly
owned subsidiary that owns and operates Cincinnati Bell’s data center
business, has commenced the initial public offering of 16,500,000 shares of
its common stock. All of the shares of common stock are being offered by
CyrusOne. The estimated price range for the initial public offering is $16.00
to $18.00 per share. The underwriters will be granted an option to purchase up
to 2,475,000 additional shares of common stock from CyrusOne at the initial
public offering price, less underwriting discounts and commissions. CyrusOne
has applied to list its common stock on the NASDAQ Global Select Market under
the symbol “CONE.”

Upon completion of this offering, Cincinnati Bell expects to effectively own
approximately 71.6% of CyrusOne through its interests in the outstanding
shares of common stock of CyrusOne and its interests in the common units of
limited partnership interest of CyrusOne’s operating partnership, CyrusOne LP,
which are exchangable into shares of common stock of CyrusOne.

Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as
joint-bookrunners for the offering. The offering will be made only by means of
a prospectus. A copy of the preliminary prospectus may be obtained from Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York 10014, by telephone at +1 (866) 718-1649 or by email
at; or from BofA Merrill Lynch, Attention:
Prospectus Department, 222 Broadway, New York, New York 10038 or by email at

A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold, nor
may offers to buy be accepted, prior to the time the registration statement
becomes effective. This news release shall not constitute an offer to sell, or
the solicitation of an offer to buy, these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This release contains forward-looking statements regarding future events and
our future results that are subject to the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical facts, are statements that could be deemed
forward-looking statements. These statements are based on current
expectations, estimates, forecasts, and projections about the industries in
which we operate and the beliefs and assumptions of our management. Words such
as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,”
variations of such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer to
projections of our future financial performance, our anticipated growth and
trends in our businesses, and other characterizations of future events or
circumstances are forward-looking statements. Readers are cautioned these
forward-looking statements are based on current expectations and assumptions
that are subject to risks and uncertainties, which could cause our actual
results to differ materially and adversely from those reflected in the
forward-looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed in this release
and those discussed in other documents we file with the SEC. More information
on potential risks and uncertainties is available in our recent filings with
the SEC, including Cincinnati Bell’s Form 10-K report, Form 10-Q reports and
Form 8-K reports. Actual results may differ materially and adversely from
those expressed in any forward-looking statements. We undertake no obligation
to revise or update any forward-looking statements for any reason.

About Cincinnati Bell Inc.

With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE:CBB)
provides integrated communications solutions – including local, long distance,
data, Internet, entertainment and wireless services – that keep residential
and business customers in Greater Cincinnati and Dayton connected with each
other and with the world. In addition, Cincinnati Bell provides best-in-class
data center colocation services to its enterprise customers through its
facilities with fully redundant power and cooling solutions that are currently
located in the Midwest, Texas, London and Singapore. Complementing the
colocation products, Cincinnati Bell also offers complex information
technology solutions like managed services and technology staffing.


Cincinnati Bell Inc.
Josh Duckworth, 513-397-2292
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