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Telco sheds alarm business

July 21, 2011Martha Entwistle

SOUTHFIELD, Mich.—At a time when many telcos are jumping into home security, Cincinnati Bell has decided to shed its home security business, though it will continue to have a cooperative marketing agreement with the buyer, Guardian Alarm Company, a super-regional security company based here. Guardian paid $11.5 million for Cincinnati Bell's alarm business, which included 15,000 accounts and 15 employees, Guardian president David Goldstein told Security Systems News. “We're now in Cincinnati...

Anderson LeNeave & Co., Cincinnati Bell, David Goldstein, Gary Wojtaszek, Guardian Alarm Company, Peter H. Wright