Cox Communications Completes Acquisition of Gannett Cable TV Assets.Business Editors ATLANTA--(BUSINESS WIRE)--Jan. 31, 2000 Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Inc. today announced that it has completed the acquisition of cable television operations serving 524,500 customers in Kansas, Oklahoma Kansas is a town in Delaware County, Oklahoma, United States. The population was 685 at the 2000 census. Geography Kansas is located at (36.202423, -94.795122)GR1. and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. from Gannett Co., Inc. Under terms of the agreement announced in July 1999, Cox purchased Gannett's cable television assets for $2.7 billion. The cable systems, operated under the name Multimedia Cablevision, serve 307,000 customers in Kansas, including Wichita, Topeka and Manhattan; 121,500 customers in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm , OK; and 96,000 customers in North Carolina, including Greenville and Rocky Mount Rocky Mount, city (1990 pop. 48,997), Edgecombe and Nash counties, E N.C., on the Tar River; settled by 1818, inc. 1867. The growing city is the commercial and distribution center of a rich agricultural area (tobacco, cotton, and corn) as well as a large tobacco . Morgan Stanley Dean Witter and Daniels &Associates served as financial advisors to Cox in the transaction. Cox Communications currently has 5.5 million customers nationwide; following the close of pending cable system acquisitions, Cox will serve approximately 6 million customers, making it the nation's fifth largest cable company. A full-service provider of telecommunications products, Cox offers an array of services, including cable television under the Cox Cable brand; local and long distance telephone services under the Cox Digital Telephone brand; high-speed Internet access via Cox@Home; advanced digital video programming services under the Cox Digital TV brand; and commercial voice and data services via Cox Business Services. Cox is an investor in telecommunications companies including Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and Excite@Home, as well as programming networks including Discovery Channel, The Learning Channel, Outdoor Life and Speedvision. More information about Cox Communications can be accessed on the Internet at www.cox.com. |
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