Cincinnati Bell’s $2.6 Billion Acquisition by Brookfield Infrastructure

On December 23, 2019, Cincinnati Bell, which owns and operates a data transmission and distribution network with a footprint of over 1.3 million homes, announced an agreement through which global company Brookfield Infrastructure and its institutional partners will acquire Cincinnati Bell in a transaction valued at approximately $2.6 billion. Cravath is representing Cincinnati Bell in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Daniel J. Cerqueira, Matthew L. Ploszek and Ashkan Towhid and foreign associate attorney Dan McNamara on M&A matters; partners William V. Fogg and Stephen M. Kessing on financing matters; partners Andrew W. Needham and Christopher K. Fargo and associate Kiran Sheffrin on tax matters; partner Eric W. Hilfers, associates Sally Ye and Anna Mikaelyan on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters; and practice area attorney Anthony N. Magistrale on intellectual property matters. Ty A. Carleton also worked on M&A matters; Kelly Nichole King also worked on financing matters; and Kyle R. Jorstad also worked on tax matters.