UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: February 9, 2010
CINCINNATI BELL INC.
(Exact name of registrant as specified in its charter)
Ohio 1-8519 31-1056105
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
221 East Fourth Street
Cincinnati, Ohio 45202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513) 397-9900
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On February 11, 2010, Cincinnati Bell Inc. announced that its board of
directors has authorized the repurchase of its common shares in an amount up to
$150 million. Cincinnati Bell expects to implement the share repurchase program
through purchases made from time to time in either the open market or through
privately negotiated transactions. The timing, volume, and nature of share
repurchases will be at the discretion of management, depending on market
conditions, applicable securities laws, and other factors, and may be suspended
or discontinued at any time.
Forward Looking Statements
--------------------------
Certain of the statements and predictions contained in this report
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act. In particular, statements, projections or
estimates that include or reference the words "believes," "anticipates,"
"plans," "intends," "expects," "will," or any similar expression fall within the
safe harbor for forward-looking statements contained in the Reform Act. Actual
results or outcomes may differ materially from those indicated or suggested by
any such forward-looking statement for a variety of reasons, including, but not
limited to: changing market conditions and growth rates within the
telecommunications industry or generally within the overall economy; changes in
competition in markets in which the company operates; pressures on the pricing
of company products and services; advances in telecommunications technology; the
ability to generate sufficient cash flow to fund the company's business plan,
repay the company's debt and interest obligations, and maintain its networks;
the ability to refinance indebtedness when required on commercially reasonable
terms; changes in the telecommunications regulatory environment; changes in the
demand for the company's services and products; the demand for particular
products and services within the overall mix of products sold, as the company's
products and services have varying profit margins; the company's ability to
introduce new service and product offerings on a timely and cost effective
basis; work stoppage caused by labor disputes; restrictions imposed under
various credit facilities and debt instruments; the company's ability to attract
and retain highly qualified employees; the company's ability to access capital
markets and the successful execution of restructuring initiatives; changes in
the funded status of the company's retiree pension and healthcare plans;
disruption in operations caused by a health pandemic, such as the H1N1 influenza
virus; changes in the company's relationships with current large customers, a
small number of whom account for a significant portion of company revenue; and
disruption in the company's back-office information technology systems,
including its billing system. More information on potential risks and
uncertainties is available in recent filings with the Securities and Exchange
Commission, including Cincinnati Bell's Form 10-K report, Form 10-Q reports and
Form 8-K reports. The forward-looking statements included in this report
represent company estimates as of February 10, 2010. Cincinnati Bell
anticipates that subsequent events and developments will cause its estimates to
change.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CINCINNATI BELL INC.
By: /s/ Christopher J. Wilson
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Christopher J. Wilson
Vice President, General Counsel
and Secretary
Date: February 11, 2010
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