Cincinnati Bell 2006 Annual Report Download - page 27
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•Mr. Byrnes, a director of the Company, is an executive officer of The Procter & Gamble Company
(“P&G”). The Company provides certain telecommunication services to P&G. A majority, but not all, of
the services provided to P&G are provided by the Company as a public utility at rates fixed in conformity
with law. All other services were provided by the Company in the ordinary course of its business under
competitive marketplace conditions and on terms that were reasonable and in the best interests of the
Company. The aggregate amount paid by P&G for the Company’s services in 2006 was approximately $9
million. The Company believes that Mr. Byrnes received no personal benefit in connection with the
Company providing these services and therefore has no interest in this transaction.
•Mr. Redfield, a former director of the Company, is an officer of Cisco Systems, Inc. (“Cisco”). The
Company acquired certain IT equipment and products from Cisco, a market leader in such goods. The
equipment and products were either used by the Company in its operations or resold to customers. All of
the purchases of equipment and products from Cisco by the Company were in the ordinary course of its
business under competitive marketplace conditions and on terms that were reasonable and in the best
interests of the Company. The aggregate amount paid to Cisco to acquire such products in 2006 was
approximately $39 million. In addition, the Company sold certain IT equipment and products to Cisco, in
2006, totaling approximately $8 million. The Company believes that Mr. Redfield received no personal
benefit in connection with the Company acquiring such goods and therefore has no interest in this
transaction.
15
Proxy Statement