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Cincinnati Bell Reaffirms 2013 Financial Guidance

  Cincinnati Bell Reaffirms 2013 Financial Guidance

Business Wire

CINCINNATI -- September 23, 2013

Cincinnati Bell Inc. (NYSE: CBB) In connection with the appointment of Leigh
Fox as chief financial officer of Cincinnati Bell, effective October 1, 2013,
the company reaffirms its 2013 financial guidance which excludes the results
of its former data center segment:

Category                  2013 Guidance
Revenue                   $1.2 billion
Adjusted EBITDA^1         Approx. $390 million*
*Plus or minus 2 percent
                         

Safe Harbor Note
This release and the documents incorporated by reference herein contain
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 Securities and
Exchange Commission (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.

Use of Non-GAAP Financial Measures
This press release contains information about adjusted earnings before
interest, taxes, depreciation and amortization (Adjusted EBITDA) This non-GAAP
financial measure is used by Cincinnati Bell management when evaluating
results of operations and cash flow. Management believes this measure also
provide users of the financial statements with additional and useful
comparisons of current results of operations and cash flows with past and
future periods. Non-GAAP financial measures should not be construed as being
more important than comparable GAAP measures. Detailed reconciliations of
non-GAAP financial measures to comparable GAAP financial measures are
available in the Investor Relations section of www.cincinnatibell.com.

^1Adjusted EBITDA provides a useful measure of operational performance. The
company defines Adjusted EBITDA as GAAP operating income plus depreciation,
amortization, restructuring charges, asset impairments, components of pension
and other retirement plan costs related to interest costs, asset returns, and
amortization of actuarial gains and losses, and other special items.

About Cincinnati Bell
With headquarters in Cincinnati, Ohio, Cincinnati Bell (NYSE: CBB) provides
integrated communications solutions—including local and long distance voice,
data, high-speed 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, enterprise customers across
the United States rely on CBTS, a wholly-owned subsidiary, for efficient,
scalable office communications systems and end-to-end IT solutions. Cincinnati
Bell is the majority owner of CyrusOne (NASDAQ: CONE), which provides
best-in-class data center colocation services to enterprise customers through
its facilities with fully redundant power and cooling solutions that are
currently located in the Midwest, Texas, Arizona, London, and Singapore. For
more information, please visit www.cincinnatibell.com.

Contact:

Cincinnati Bell Inc.
Investor contact:
Josh Duckworth, 513-397-2292
joshua.duckworth@cinbell.com
or
Media contact:
Angela Ginty, 513-397-7144
angela.ginty@cinbell.com
 
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