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Cincinnati Bell Inc. Launches Exchange Offers For BRCOM Preferred Stock and 9% Notes.

Publication: Business Wire
Publication Date: 01-AUG-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

CINCINNATI--(BUSINESS WIRE)--Aug. 1, 2003

(NYSE:CBB)

-- Offers set to expire at 5:00 p.m., New York City time, on

Friday August 29, 2003

-- 72.9% of BRCOM Preferred Stockholders and 94.0% of BRCOM 9%

Noteholders Already Committed

Cincinnati Bell Inc. (NYSE:CBB) announced today that it will launch two exchange offers on Friday, August 1, 2003. Cincinnati Bell will offer to exchange shares of its common stock for all of the outstanding shares of 12 1/2% Series B Junior Exchangeable Preferred Stock of its BRCOM Inc. (f/k/a Broadwing Communications Inc.) subsidiary. It will also offer to exchange shares of its common stock for the entire outstanding aggregate principal amount of 9% Senior Subordinated Notes due 2008 of BRCOM.

Holders of BRCOM Preferred Stock will receive 35.8 shares of Cincinnati...

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