Exhibit 4.9 INVESTMENT AGREEMENTInvestment Agreement • September 13th, 1999 • Cincinnati Bell Inc /Oh/ • Telephone communications (no radiotelephone) • New York
September 13, 1999 IXC Communications, Inc 1122 Capitol of Texas Highway South Austin, Texas 78746 Re: Agreement and Plan of Merger Dated as of July 20, 1999 By and Among CINCINNATI BELL, INC., IVORY MERGER INC. AND IXC COMMUNICATIONS, INC. Dear Sirs:...Cincinnati Bell Inc /Oh/ • September 13th, 1999 • Telephone communications (no radiotelephone)
