Convergys Corporation will sell its holdings in the "cellular partnerships" located in the Cincinnati metropolitan area to AT&T for approximately $320 million in cash.

As a result of its spin-off from Cincinnati Bell in 1998, Convergys received a 34 percent limited partnership interest in Cincinnati SMSA and a 45 percent limited partnership interest in Cincinnati SMSA Tower Holdings. Together, these two properties are referred to as the "cellular partnerships." Cincinnati SMSA provides wireless communications in central and southwestern Ohio and northern Kentucky, while Cincinnati SMSA Tower Holdings is a cellular tower holding company for Cincinnati SMSA.

AT&T is the general partner, managing all the cellular partnerships’ business on a day-to-day basis.  Convergys does not take part in this management.

“Financially and operationally, it makes sense for AT&T to purchase Convergys’ minority stake in our Cincinnati wireless operations,” said Larry Evans, VP and general manager of AT&T Ohio and Western Pennsylvania, in a statement.  “We remain committed to providing a great experience to all our wireless customers in the Cincinnati area and throughout Ohio and Kentucky.”

Since AT&T is merely acquiring the remaining minority interest in partnerships it already controls, regulatory approvals are not required, and the companies expect the sale to close in early July, 2011.

The Daily

Subscribe

Tubi Creators Program

Maybe it’s a result of the success from “Sidelined: The QB and Me” starring Noah Beck , or it’s an effort to entice content creators away from the grasp of YouTube . Either way, Tubi is introducing a

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 11
2025 Faxies Awards Faxies Nominations Open! Final deadline: 4/4/25
Full Calendar

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Carley Ashley, [email protected], for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.