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In September 2021, Cincinnati Bell Inc. was acquired by Macquarie Infrastructure Partners and became altafiber. This strategic acquisition has enabled altafiber to continue to make investments to build out its fiber optic network in Greater Cincinnati as well as in other markets. altafiber continues to transform its legacy copper network into a state-of-the-art technology company connecting the community through providing data, video, voice, and IT solutions.
The economic impact of altafiber includes the economic output, jobs, and wages supported in the Cincinnati MSA by the capital and operations expenditures of altafiber. Capital expenditures refer to expenses for construction, installation, equipment, and/or information technology, while operations expenditures represent the day-to-day expenses such as salaries, benefits, and administrative expenses, among other spending categories.
The fiscal benefits of altafiber represent the earnings and sales tax revenue generated for state and local governments as a result of the expenditures made by altafiber. Between 2018 and 2022, the direct capital and operations expenditures of altafiber and the resulting indirect output created $171.9 million in tax revenue for state and local governments.
Between 2018 and 2022, altafiber provided $32.0 million in philanthropic and sponsorship support to local organizations. altafiber has a commitment to volunteerism, expressed in an Employee Volunteer Program, which encourages employees to participate in volunteer opportunities during the work day. altafiber employees that participated in the Employee Volunteer Program volunteered a total of 43,171 hours during this five-year period.
“There is such an authenticity to how altafiber approaches its partnership with the Anthony Muñoz Foundation. Their support goes beyond a monetary contribution, altafiber has helped with our strategic growth, provided career exploration opportunities for students in our Scholarship Program, and their employees give their time to help with our Hall of Fame Golf Classic and our Youth Leadership Seminar. They have been a great partner from the very beginning.”
-Caleigh Willis, Executive Director
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