eGix to be bought by Cincinnati Bell

Carmel-based eGix Inc. has agreed to be acquired by Cincinnati Bell Inc. in a deal valued at $18 million, Cincinnati Bell announced today.

eGix provides single-source voice and data services, plus high-speed Internet access and messaging products to about 17,000 customers, mainly in Indiana and Illinois, plus another 20 states. It has 57 employees and annual revenue of about $16 million, according to Cincinnati Bell.

The deal is expected to close in the first quarter of 2008.

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