CyrusOne Inc. Prices Initial Public Offering of Common Stock

  CyrusOne Inc. Prices Initial Public Offering of Common Stock

Business Wire

CINCINNATI -- January 17, 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 priced the previously announced initial public offering of
16,500,000 shares of its common stock at a price to the public of $19.00 per
share. All of the shares of common stock are being offered by CyrusOne. The
underwriters have been 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’s common stock
has been approved for listing on the NASDAQ Global Select Market under the
symbol “CONE,” subject to official notice of issuance.

Upon completion of this offering, Cincinnati Bell expects to effectively own
approximately 72% 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 exchangeable into shares of common stock of CyrusOne.

Morgan Stanley, BofA Merrill Lynch, Deutsche Bank Securities and Barclays are
acting as joint-bookrunners for the offering. Citigroup, KeyBanc Capital
Markets, RBS and UBS Investment Bank are acting as co-managers.

A registration statement relating to these securities has been declared
effective by the SEC. The offering will be made only by means of a prospectus.
A copy of the final prospectus relating to these securities will be filed with
the SEC and may be obtained, when available, by contacting 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
prospectus@morganstanley.com; BofA Merrill Lynch, Attention: Prospectus
Department, 222 Broadway, New York, New York 10038 or by email at
dg.prospectus_requests@baml.com; Deutsche Bank Securities Inc., Attention:
Prospectus Group, 60 Wall Street, New York, New York 10005-2836, by telephone
at +1 (800) 503-4611 or by email at prospectus.cpdg@db.com; or Barclays, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by telephone at +1 (888) 603-5847 or by email at
barclaysprospectus@broadridge.com.

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.

Contact:

Cincinnati Bell Inc.
Investors/Media:
Josh Duckworth, 513-397-2292
joshua.duckworth@cinbell.com