Supplement to Cincin

SUPPLEMENT submitted by Cincinnati Bell Inc.

Supplement to Section 214 Transfer Application

2017-08-23

This document pretains to ITC-T/C-20170811-00138 for Transfer of Control on a International Telecommunications filing.

IBFS_ITCTC2017081100138_1265475

Catherine Wang Partner +1.202.373.6037 catherine.wang@morganlewis.com August 23, 2017 Via ECFS & IBFS Ms. Marlene H. Dortch Secretary Federal Communications Commission 445 12th Street, SW Washington, DC 20554 Re: Supplement to Joint Application of Cincinnati Bell Inc. and Hawaiian Telcom Holdco, Inc. for Authority to Transfer Indirect Control of Domestic and International Section 214 Authorization Holders to Cincinnati Bell Inc., WC Docket No. 17-207, IB File Nos. ITC-T/C-20170811-00138, ITC-T/C-20170811-00139 Dear Ms. Dortch: At the request of the Wireline Competition Bureau staff, Cincinnati Bell Inc. (“Cincinnati Bell”) and Hawaiian Telcom Holdco, Inc. (“Holdco”) (collectively, “Applicants”) hereby supplement the pending Joint Applications for authority to transfer indirect control of domestic and international authorization holders in the above-captioned proceedings (the “Applications”). As indicated in the Applications, GAMCO Investors, Inc. (NYSE: GBL) (“GAMCO”), a company incorporated under the laws of Delaware, currently holds approximately 12.37% of Cincinnati Bell stock.1 GAMCO is a widely recognized provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors principally in the United States. GAMCO’s 12.37% ownership in Cincinnati Bell is the aggregate ownership of multiple investment entities under the direct or indirect control of Mario J. Gabelli (“Gabelli”), a U.S. citizen and Chairman and Chief Executive Officer of GAMCO, whose business address is One Corporate Center, Rye New York 10580-1435. In addition to Mr. Gabelli, other members of GAMCO’s Board of Directors 1 See Joint Applications for Transfer of Control of Domestic and International Section 214 Authority at 4, 12, WC Docket No. 17-207 (filed Aug. 11, 2017). Morgan, Lewis & Bockius LLP 1111 Pennsylvania Avenue, NW Washington, DC 20004 +1.202.739.3000 United States +1.202.739.3001

Ms. Marlene H. Dortch August 23, 2017 Page 2 include: Raymond C. Avansino, Jr., Edwin L. Artzt, Eugene R. McGrath, Robert S. Prather, Jr., and Elisa M. Wilson. See http://www.gabelli.com/corporate/bod.html. Based on publicly available sources, it appears that at least a majority of the Board are likely U.S. citizens. Applicants are not aware of any person or entity currently holding a 10% or greater ownership interest in Cincinnati Bell through GAMCO. The Applications also state that BlackRock, Inc. (NYSE: BLK) (“BlackRock”), an independent, publicly traded company incorporated in Delaware, owns approximately 13.8% of Cincinnati Bell stock.2 BlackRock has no single majority shareholder and over two-thirds of its Board of Directors are independent directors. BlackRock holds its interest in Cincinnati Bell through BlackRock Fund Advisors, an investment management company owned by BlackRock. The Chairman and Chief Executive Officer of BlackRock is Laurence D. Fink. In addition to Mr. Fink, other members of BlackRock’s Board of Directors include: Mathis Cabiallavetta, William S. Demchak, Fabrizio Freda, James Grosfeld, Sir Deryck Maughan, Gordon M. Nixon, Ivan G. Seidenberg, Susan L. Wagner, Abdlatif Y. Al-Hamad, Pamela Daley, Jessica Einhorn, Murry S. Gerber, Robert S. Kapito, Cheryl D. Mills, Charles H. Robbins, and Marco Antonio Slim Domit. See http://ir.blackrock.com/board-of-directors. Based on publicly available sources, it appears that Mr. Fink is a U.S. citizen and at least a majority of the BlackRock Board are likely U.S. citizens. Applicants are not aware of any other person or entity currently holding a 10% or greater interest in Cincinnati Bell through BlackRock, Inc. Finally, in response to the Staff’s inquiry, this supplement confirms that Cincinnati Bell does not have any Business Data Service enterprise customers in Hawaii. Please do not hesitate to contact the undersigned should you have further questions. Sincerely, /s/ Catherine Wang Counsel to Cincinnati Bell Inc. cc: Dennis Johnson Jodie May David Krech 2 Id. at 3, 11.


Document Created: 2019-04-09 02:09:33
Document Modified: 2019-04-09 02:09:33
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