Cox Communications Completes Sale of Central Ohio Cable Television System to FrontierVision.ATLANTA--(BUSINESS WIRE)--Dec. 23, 1997--Cox Communications, Inc., today completed the sale of its Central Ohio cable television operation to FrontierVision Partners, L.P. Terms of the transaction were not disclosed. The Central Ohio system, which serves approximately 85,000 customers in and around Newark, New Philadelphia New Philadelphia, city (1990 pop. 15,698), seat of Tuscarawas co., E Ohio, on the Tuscarawas River, in a coal and clay area; founded 1804, inc. 1833. Foundry products, machinery, and pottery are made. The Tuscarawas Campus of Kent State Univ. is there. , Marion, Coshocton, Cambridge and Logan, was acquired by Cox during its 1995 acquisition of Times Mirror Cable Television. Cox intends to use proceeds of the sale to purchase another cable system that furthers its long-term strategy of operating large, geographically clustered systems, creating numerous operating efficiencies and economies of scale. Those benefits are important as Cox begins delivering telephone and high-speed Internet See broadband. access services in addition to cable television via its broadband network. With the Central Ohio property, FrontierVision now serves more than 220,000 customers in this region, including systems in Defiance and nearby Ashland, Ky., that were purchased from Cox in 1996. Formed in 1995, FrontierVision Partners, L.P., is among the fastest-growing companies in the cable industry and one of the 20 largest operators in the country. FrontierVision currently serves more than 560,000 customers in four operating regions in Ohio, Kentucky, New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and the Southeast. Based in Atlanta, 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. (NYSE NYSE See: New York Stock Exchange : COX) is among the nation's largest broadband communications companies, serving some 3.3 million customers. As 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; direct-to-home satellite television via PrimeStar by Cox; commercial voice and data services via Cox Fibernet and Cox@Work; and advanced digital video programming services under the Cox Digital TV brand. Cox is an equity partner in 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. , the nation's first national wireless personal communications service More information on Cox Communications can be found on the Internet at www.cox.com . CONTACT: Cox Communications Dave Andersen, 404/843-5585 or FrontierVision Partners John S. Koo, 303/757-1588 |
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