Cincinnati Bell 2013 Annual Report Download - page 84

We made significant strides in 2013 towards achieving our transformation goals for Cincinnati Bell. As we
look forward to 2014, we will continue to focus on the following initiatives which will be the keys to our success:
Continue the expansion of our fiber network
•We expect to pass approximately 62,000 additional customer locations with Fioptics during 2014, with an
emphasis on fiber directly to the home. Our goal remains to pass between 60% and 70% of Greater
Cincinnati with this product.
•We will increase fiber-based product offerings to enterprise customers and finalize the integration of our
Wireline business market with the IT Services and Hardware team.
Evaluate opportunities to monetize investment in CyrusOne
•We will give due consideration to, among other factors, CyrusOne’s stock price, market performance of
other REITs and overall market indicators. We will balance our objective of reducing the risk associated
with owning any equity security, with the upside appreciation potential for our investment in CyrusOne.
•Proceeds from future CyrusOne monetization will be primarily used for debt repayment, in accordance
with the terms in our amended Corporate Credit Agreement, to move toward achieving leverage ratios in
line with other telecommunications companies.
Manage Wireless business for cash flows and profitability
•We will manage the wireless business for cash flows and profitability as we continue to explore strategic
options for this business, including an outright sale. For the past several years, the Wireless business has
been losing postpaid subscribers at an increasing rate as our customers continue to migrate to national
carriers that offer premier handsets and “nation-wide” family talk plans on LTE networks.
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Form 10-K Part I Cincinnati Bell Inc.