Cincinnati Bell Telephone, AT&T agree to extend their strategic relationship.CINCINNATI--(BUSINESS WIRE)--Feb. 4, 1997--Cincinnati Bell Telephone Co. and AT&T today announced that they intend to extend and expand their strategic relationship for the marketing and provision of communications services in the Cincinnati area. The companies said that they have agreed in principle and jointly executed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to continue to work together to provide packages of communications services to business and residence customers in southwest Ohio and northern Kentucky. Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. Telephone is a subsidiary of Cincinnati Bell Inc. (NYSE NYSE See: New York Stock Exchange :CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ), and is a full service provider of communications services in its region. From telecommunications to wireless, home entertainment services, and Internet access See how to access the Internet. , AT&T is applying technologies to help people in all communities have access to information anytime, anywhere. Jim Orr, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Cincinnati Bell Inc., said, "We are very pleased to have reached this important milestone toward a multi-year agreement with AT&T to further grow our unique relationship, on the basis of mutual benefit. We expect to reach an agreement that will be income-neutral for Cincinnati Bell Telephone, compared with prior years." Bill Ketchum, AT&T President, Central States, said, "The agreement we announced today demonstrates our continued confidence in Cincinnati Bell's ability to provide outstanding communications services on our behalf to residents of the Greater Cincinnati area." Two other Cincinnati Bell companies, Cincinnati Bell Information Systems and MATRIXX Marketing, also have important relationships with AT&T. Those relationships are not affected by this agreement. -0- NOTE TO EDITORS: Recent Cincinnati Bell Inc. news releases are available free of charge via fax or the World Wide Web. Call 1-800-345-6301 and press number 3 to obtain news releases via the CBLD CBLD Curb Box Locking Device Fax Line. Cincinnati Bell's World Wide Web address is www.cinbellinc.com . CONTACT: Cincinnati Bell Inc. Wayne Buckhout, 513/397-1081 |
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