Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CASSIDY JOHN F
   2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [CBB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)
221 EAST FOURTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
12/08/2006
(Street)

CINCINNATI 45202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               28,383.195 I By 401k Plan
Common Stock (1) (2)               655,246 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy (3) $ 12.981             01/02/1998 01/02/2007 Common Stock 6,000   6,000 D  
Option to Buy (3) $ 13.155             01/02/1999 01/02/2008 Common Stock 6,000   6,000 D  
Option to Buy (3) $ 16.75             01/04/2000 01/04/2009 Common Stock 57,300   57,300 D  
Option to Buy (3) $ 18.6875             08/20/2000 08/20/2009 Common Stock 20,000   20,000 D  
Option to Buy (3) $ 16.7813             09/17/2001 09/17/2009 Common Stock 200,000   200,000 D  
Option to Buy (3) $ 35.9688             01/03/2001 01/03/2010 Common Stock 15,000   15,000 D  
Option to Buy (3) $ 23.5313             05/23/2001 05/23/2010 Common Stock 400,000   400,000 D  
Option to Buy (3) $ 22.8438             01/02/2002 01/02/2011 Common Stock 80,000   80,000 D  
Option to Buy (3) $ 9.645             12/04/2002 12/04/2011 Common Stock 400,000   400,000 D  
Option to Buy (3) $ 3.48             12/05/2003 12/05/2012 Common Stock 600,000   600,000 D  
Option to Buy (3) $ 5.655             12/04/2004 12/04/2013 Common Stock 801,000   801,000 D  
Option to Buy (3) $ 3.7             12/03/2005 12/03/2014 Common Stock 666,100   666,100 D  
Option to Buy (3) $ 3.995             12/01/2005(4) 12/01/2015 Common Stock 425,000   425,000 D  
Option to Buy (3) $ 3.49             01/27/2007(5) 01/27/2016 Common Stock 85,000   85,000 D  
Option to Buy (3) $ 4.735 12/08/2006   A   574,350   12/08/2007(5) 12/08/2016 Common Stock 574,350 (6) 574,350 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CASSIDY JOHN F
221 EAST FOURTH STREET
CINCINNATI 45202		   X     President and CEO  

Signatures

 Christopher J. Wilson by Power of Attorney for John F. Cassidy   12/11/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes restricted stock granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(2) Includes 15,000 shares held in the reporting person's deferred compensation plan account with Fidelity Investments.
(3) Option shares granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(4) Options vest upon grant. Options granted on December 1, 2005 are fully vested upon grant. Shares purchased upon exercise of such options are subject to sale restrictions until the reporting person terminates employment with the Company as follows: 28% of shares purchased may be sold on or after December 1, 2006. Thereafter, an additional 3% of shares purchased per month for the remaining 24 months may be sold. Options expire ten years from grant date.
(5) 3-year vesting schedule: 28% vest one year from grant date; 3% vest each month thereafter for the remaining 24 months.
(6) Reporting person will pay option price at time of exercise.

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