Cincinnati Bell Inc CBB
Q4 2012 Earnings Call Transcript

Transcript Call Date 02/27/2013

Operator: Good morning, everyone. Thank you all for holding, and welcome to the Cincinnati Bell's Fourth Quarter Earnings Release Call. Your host for today's conference will be Kurt Freyberger. Today's conference will begin with prepared remarks followed by a question-and-answer session. Instructions on that feature will follow later in the program. Today's call is being recorded.

At this time, I would now like to turn the call over to your host, Kurt Freyberger. Mr. Freyberger, your line is now open.

Kurt Freyberger - CFO: Thank you and good morning. I'd like to welcome everyone to Cincinnati Bell's fourth quarter earnings call.

With me on the call today is our Chief Executive Officer, Ted Torbeck. This morning you will hear from Ted about the current state of our business and our 2013 outlook. I will then recap the 2012 results and we will also provide our 2013 guidance. We will then conduct a question-and-answer session.

Before we proceed, let me remind you that our earnings release and the financial statements are posted on our Investor Relations website. In addition, you will also find presentation slides for today's call, which we hope you will find helpful in your analysis. Today's call is being webcast, if you would like to listen to it at a future time.

Now, I would like to draw your attention to our Safe Harbor statement presented on Slide 3. In our remarks this morning we will be discussing forward-looking information. Due to various risks and uncertainties, actual results or outcomes may differ materially from those indicated or suggested by any such forward-looking statements. More information on potential risks and uncertainties is available in the Company's recent filings with the SEC, including Cincinnati Bell's annual Form 10-K report, quarterly Form 10-Q reports and Form 8-K reports.

This presentation also contains certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are also on our website.

With that, I'm pleased to introduce Cincinnati Bell's Chief Executive Officer, Ted Torbeck.

Theodore H. Torbeck - President and CEO: Thanks Kurt, and good morning, everyone. Thank you for joining us today. Before we get started, let me first say how excited I am to be the new CEO of Cincinnati Bell. I would also like to take this opportunity to acknowledge Jack Cassidy's contributions to the Company. During his tenure as CEO, Jack made incredible strides to improve the value of our Company. I'd like to thank him for his leadership and I would also like to personally thank Jack for his support over the past several years, a support that he will continue to provide us in his new role as Vice Chairman of our Board.

As CEO, I'm honored to be leading this Company and its 2,800 hardworking employees. We have some of the best employees in the industry, focusing everyday on outstanding customer service and innovation. I have no doubt in our ability to take Cincinnati Bell to the next level. Over my 34-year career, first operating various businesses at GE and later as CEO for a company sponsored by Cerberus Capital, I have learned the importance of investing for future growth, while at the same time optimizing current operations.

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