SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: February 25, 2003 BROADWING COMMUNICATIONS INC. (Exact name of registrant as specified in its charter) Delaware 0-20803 74-2644120 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 1122 Capital of Texas Highway South Austin, TX 78746 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (512) 328-1112 FORM 8-K BROADWING COMMUNICATIONS INC. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.. Broadwing Inc. (NYSE: BRW) today announced that it has reached an agreement to sell the assets of its broadband business, Broadwing Communications Services Inc., including the Broadwing name, to privately held C III Communications, LLC, for $129 million in cash. A copy of the press release is attached as Exhibit 99(i). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BROADWING COMMUNICATIONS INC. By: /s/ Jeffrey C. Smith ------------------------------------------- Jeffrey C. Smith Chief Human Resources Officer, General Counsel and Corporate Secretary Date: February 25, 2003