Cincinnati Bell (NYSE:CBB) has entered into a definitive purchase agreement to acquire the assets of Carmel, Ind.-based voice and data services provider eGIX.
"The acquisition of eGIX provides Cincinnati Bell with an immediate footprint in the small and medium-sized business market throughout Indiana and in Illinois," Shane Brown, vice president of business development for Cincinnati Bell, said in a statement. "It is a natural extension of our success with business customers in Dayton, a market we entered as a competitive service provider in 2004."
eGIX provides customers in the Midwest with comprehensive, reliable and cost-effective integrated VoIP and data services, high-speed Internet access, local line services, and a full suite of business applications and enhanced messaging services. Cincinnati Bell expects the eGIX acquisition to close during the first quarter of 2008.