Cincinnati Bell 2002 Annual Report Download

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2002 ANNUAL REPORT

Table of contents

  • Page 1
    2002 ANNUAL REPORT

  • Page 2
    ... national network, through its subsidiaries offers businesses nationwide data, voice and Internet solutions that are flexible, reliable and innovative. Broadwing Inc. is headquartered in Cincinnati, Ohio, and its common shares trade on the New York Stock Exchange and the Cincinnati Stock Exchange...

  • Page 3
    ... Years Ended December 31, (Dollars in millions) 2002 2001 2000 Profit & Loss: Revenue Cost of Products and Services Selling, General & Administrative Expenses Depreciation and Amortization Restructuring, Asset Impairments and Other Charges Operating Loss Interest Expense Net Loss Balance Sheet...

  • Page 4
    ... Broadwing Communications, with the market looking for definitive resolution on this business. To clear these overhangs, in October 2002 we began executing a five-point restructuring plan designed to accomplish the following: maintain the strength and stability of our Cincinnati Bell business...

  • Page 5
    ... Clear Purpose Cincinnati Bell has thrived for 130 years, and brings many virtues to bear: over one million access lines; a strong and stable local exchange company; diverse products and revenue streams; market-leading wireless and long distance operations; capacity-available networks; talented and...

  • Page 6
    ... long-distance offering, expanded its market-leading share to 69 percent of the Cincinnati residential market and 43 percent of the small and medium business market. CBAD also reported positive operating income in 2002. ZoomTown, our ADSL service, is now available to 85 percent of our local access...

  • Page 7
    ..., bringing local, long distance and wireless services to the Dayton market and offering local service to business and some high-density areas of residential customers in Mason, Ohio, a fast-growing suburb of Cincinnati. Throughout 2003 and beyond, Cincinnati Bell will continue to identify ways to...

  • Page 8
    ... $176 million due mainly to the completion of our wireless and long-haul networks in 2001. Each of our businesses contributed to this improvement. Broadwing Communications reduced its capital spending by $407 million, or 86 percent, to just $65 million in 2002, and Cincinnati Bell's capital spending...

  • Page 9
    ... President Qwest Communications International, Inc. John F. Cassidy Chief Operating Officer Melinda K. Figeley Vice President, Human Resources David A. Korb Vice President, Consolidated Business Markets Thomas L. Schilling Chief Financial Officer David A. King Vice President, Voice Operations...

  • Page 10
    ...service charges. Contact Fifth Third Bank at the telephone number or address above for a plan prospectus and application. In the Investor Relations section you can sign up for immediate e-mail delivery of Broadwing news, view and print an electronic copy of the annual report, find financial reports...

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    Broadwing Inc. 201 East 4th St. Cincinnati, Ohio 45202 1.800.BROADWING