Cincinnati Bell Wireless

Cincinnati Bell is getting out of the wireless business. The telephone company is selling its wireless spectrum and some related assets to Verizon Wireless for approximately $210 million.

The company will "lease back" the spectrum while the deal closes so customers can transition to Verizon or another provider. The deal is expected to close in the second half of 2014. Cincinnati Bell Wireless says it will provide additional details to customers at that time. However, a company spokesperson says CBW customers will not automatically become Verizon users.