Pending shareholder and regulatory approval, the two companies have agreed to a US$2.6-billion deal, including debt, that will see Cincinnati Bell shareholders receive US$10.50 per share. (The Logic)

Talking point: This latest purchase expands Brookfield’s presence in the global telecoms market. In July, its parent company, Brookfield Asset Management, was part of a consortium that spent US$2.3 billion to buy Vodafone’s telecoms in New Zealand. In October, it acquired a minority stake in Brazilian telecom Oi. And last week, Brookfield Infrastructure bought a 93 per cent stake in the U.K.-based Wireless Infrastructure Group for US$506 million, and purchased a telecom tower company in India from Reliance Jio for US$3.7 billion. It touted many of those deals in its third-quarter conference call with investors, which noted that it made $36 million in its data infrastructure funds from operations, almost double the amount earned in the year previous.