Macquarie Infrastructure Partners V (MIP) has completed the acquisition of Cincinnati Bell. Worth US$2.9 billion, the transaction will accelerate Cincinnati Bell’s fiber build across its operating footprint, and support strategic investments in the company’s IT Services businesses throughout North America.

Cincinnati Bell’s partnership with MIP will allow the company to expand the fiber network at an accelerated pace over the next three years and make high-speed Internet available throughout its operating territories. Cincinnati Bell will also continue its commitment to continuous innovation. The transaction with MIP will provide CBTS with increased flexibility to make strategic investments in its Communications, Cloud, Consulting Services, Security, and Infrastructure practices.

Cincinnati Bell delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice, and data.