Cincinnati Bell-ICX To Be BroadWing
CINCINNATI (AP) _ The company created by the merger of Cincinnati Bell Inc. and IXC Communications Inc. is taking the name BroadWing Inc.
The merger completed last week brings together Cincinnati Bell’s expertise in local and long-distance telephone service with IXC’s experience as a long-distance phone company that has been building a fiber-optic communications network.
The merged company has more than 1 million customers and 5,000 employees and the companies said Monday its stock will trade on the New York Stock Exchange under the symbol BRW.
Cincinnati Bell announced in July that it was paying $2.2 billion in stock to acquire IXC, based in Austin, Texas, and assuming about $1 billion worth of debt.
Richard Ellenberger, president and chief executive officer of Cincinnati Bell, is keeping those jobs with the merged company, which is based in Cincinnati. John Zrno, chief executive of IXC, has joined Cincinnati Bell’s board of directors.