CBTS Announces Acquisition of SunTel Services

CBTS Announces Acquisition of SunTel Services

CINCINNATI, Feb. 16, 2017 (GLOBE NEWSWIRE) -- CBTS, a wholly-owned subsidiary of Cincinnati

Bell (NYSE:CBB) and leading technology provider, today announced the acquisition of SunTel Services.

SunTel Services is a regional provider of network security, data connectivity, and unified communications

solutions based in Troy, Michigan. Following the close of the transaction, SunTel’s co-founders Gary

Jackson and Don Jackson will continue to lead the organization and will also spearhead CBTS’ expansion in

the Michigan market. This transaction will expand CBTS’ presence in the Midwest, building on its existing

sales offices in Cleveland, Columbus, Indianapolis and Louisville.

“SunTel Services has created a strong business through its focus on providing effective solutions and

building long-term relationships with customers,” said Scott Seger, Senior Vice President and General

Manager for CBTS. “We believe CBTS’ set of solutions and services will benefit SunTel Services’ existing

customer base, and SunTel will help grow our footprint throughout the Midwest.”

“We are excited to be part of the CBTS family and to leverage its expanded set of capabilities,” said Gary

Jackson, SunTel’s co-founder. “CBTS is a market leading IT solutions and services provider and shares

our customer-focused vision of building trust through execution and delivering value.”

Stephens Inc. is serving as the exclusive financial advisor to CBTS and Quarton International is serving as

the exclusive financial advisor to SunTel Services.

The transaction is not subject to regulatory approval, and is expected to close in the next 30 days.

About CBTS

CBTS combines the data networking capabilities of Cincinnati Bell with next-generation managed services

that provide companies with flexible solutions for end-to-end IT deployment. CBTS serves enterprise

customers across the world and has established a competitive advantage through its unique Hybrid IT

Services model. CBTS has expertise both as a Value Added Reseller (VAR) and as a Managed IT Services

Provider. The CBTS business model can help organizations increase productivity and operational efficiency

while reducing costs and risks through solutions that focus on business continuance, compliance, security,

and technology infrastructure. CBTS holds over 1,900 vendor certifications spread over 35 separate IT

vendors, and offers multiple solutions and services. For more information on CBTS, go to www.cbts.net.

About SunTel Services

SunTel Services has provided complete life cycle services for unified communication services as a

Michigan based company since 1986. With more than 1,000 customers and over 2,500 installations,

SunTel offers a wide breadth of expertise and product offerings to customers across the automotive,

manufacturing, government, healthcare, education, finance, professional services and technology sectors.

With certifications in all critical network services, SunTel offers service programs up to and including

management of customer networks. The company holds key partnerships and certifications with industry

technology leaders, such as Adtran, APC, Avaya, Blue Coat, Check Point, Citrix, Cisco, Dell, Fortinet, HP,

Infoblox, Juniper Networks, Microsoft, Mitel, Polycom, Pulse Secure, Symantec and VMware. For more

information, please visit www.suntel.com.

About Cincinnati Bell Inc.

With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE:CBB) provides integrated communications

solutions – including local and long distance voice, data, high-speed Internet and video – that keep

residential and business customers in Greater Cincinnati and Dayton connected with each other and with

the world. In addition, enterprise customers across the United States rely on CBTS, a wholly-owned

subsidiary, for efficient, scalable office communications systems and end-to-end IT solutions. For more

information, please visit www.cincinnatibell.com.

Cincinnati Bell Inc.

Investor contact:

Josh Duckworth, +1 513-397-2292

joshua.duckworth@cinbell.com

or

Media contact:

Jane Weiler, +1 513-397-9941

jane.weiler@cinbell.com


Posted on 2/20/2017 (Archive on 1/1/0001)
Posted by MicheleDeLuca@Suntel.com  Contributed by MicheleDeLuca@Suntel.com