Cincinnati Bell 2012 Annual Report Download - page 202

property, compliance with laws (including environmental laws), enforceability of certain material contracts and
leases and certain other matters. In the event of a breach of such representations and warranties, the Contributors
will indemnify CyrusOne LP for any resulting losses, subject to certain limitations.
The representations and warranties made by the contributors will survive for a period of one year after the
closing of the contribution transactions which occurred on November 20, 2012. In the event the CyrusOne LP
does not become aware of a breach until after such period, or if CyrusOne LP otherwise fails to assert a claim
prior to the end of such period, CyrusOne LP will have no further recourse against the Contributors.
With effect from January 24, 2013, we will no longer consolidate the results of operations, financial
positions or cash flows of CyrusOne, CyrusOne LP or any of their subsidiaries. Our investment in CyrusOne will
be accounted for as an available-for-sale security on our balance sheet and any changes in CyrusOne’s stock
price will be recognized in our other comprehensive income. Our investment in CyrusOne LP will be accounted
for as an equity method investment, and we will recognize our share of CyrusOne LP’s net income as income
from equity method investments.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
No reportable information under this item.
Item 9A. Controls and Procedures
(a) Evaluation of disclosure controls and procedures.
Cincinnati Bell Inc.’s management, with the participation of the Chief Executive Officer and Chief
Financial Officer, have evaluated the effectiveness of the Company’s disclosure controls and procedures (as
defined in SEC Rule 13a-15(e)) as of the end of the period covered by this report. Based on this evaluation,
Cincinnati Bell Inc.’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the
end of the period covered by this report, such controls and procedures were effective.
(b) Management’s annual report on internal control over financial reporting.
Management’s Report on Internal Control over Financial Reporting and the Report of Independent
Registered Public Accounting Firm are set forth in Part II, Item 8 of this Annual Report on Form 10-K.
(c) Changes in internal control over financial reporting.
There were no changes to Cincinnati Bell Inc.’s internal control over financial reporting during the
fourth quarter of 2012 that materially affect, or are reasonably likely to materially affect, Cincinnati Bell
Inc.’s internal control over financial reporting.
Item 9B. Other Information
No reportable information under this item.
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Form 10-K Part II Cincinnati Bell Inc.