As CyrusOne Thrives, Cincinnati Bell Eyes Spinoff

Data Center Knowledge (Feb 10 2012) Cloud Computing

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   Cincinnati Bell is studying a spinoff or IPO for its thriving CyrusOne colocation business, the company said yesterday. The move could allow Cincinnati Bell to benefit from investor interest in the data center and cloud computing sector, while shifting significant capital expenses off the telecom company’s balance sheet. Cincinnati Bell said it would take six to 12 months to make a decision on the best path for CyrusOne, with options including “a partial separation through a sale, initial public offering, or a full separation.” Company officials said the analysis would examine which option created the most shareholder value.

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