US telco Cincinnati Bell is considering “strategic alternatives” for its data centre business, with options including an IPO or sale.
The company said that it would assess how best to optimise shareholder value while still leaving Cincinnati Bell…
US telco Cincinnati Bell is considering “strategic alternatives” for its data centre business, with options including an IPO or sale.
The company said that it would assess how best to optimise shareholder value while still leaving Cincinnati Bell with an “appropriate level of debt” for its communications operations.
The option to keep the data centre business with its current structure is still on the table. But Cincinnati Bell said that other options could include “a partial separation through a sale, initial public offering, or other transaction, or, depending on the value to its shareholders, a full separation”.
The evaluation is expected to take between six and twelve months.
The company’s data centre business, known as CyrusOne, is a separate legal entity and has its own management team. It generated revenues of US$185m in 2011.
