Cox Communications Reaches Milestone of 1 million New Service Subscriptions.Business Editors ATLANTA--(BUSINESS WIRE)--July 31, 2000 Aggressive push of advanced broadband video, voice and data services yields significant gain in market share 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) today announced it reached a significant milestone of 1 million new-service subscriptions since the launch of its first new service three years ago. "Nearly three years ago, Cox Communications became the nation's first cable company to deliver advanced video, voice and data services via a single network," noted Jim Robbins, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cox Communications. "We're delighted that today, we've surpassed the 1 million new-service subscription mark, resoundingly re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. affirming the strong demand that consumers have for these services." Cox has added nearly 390,000 new-service subscriptions and 61,000 basic cable customers since the beginning of 2000. Additionally, Cox has 560,000 digital TV customers; 320,000 high-speed Internet See broadband. access customers; and 167,000 digital telephone customers. Approximately 17% of Cox's basic cable customers currently subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; at least one additional Cox service. "We've been aggressively marketing and selling our advanced services to gain market share, and to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. today's opportunities while our competitors are still in their early stages," Robbins added. "Looking ahead, we'll focus on attracting new customers by truly becoming a one-stop-shop for video, voice and data services. And, we'll continue our aggressive push to be first to deliver our customers advanced services through continued product innovation." Cox will soon provide customers with the ability to purchase Cox@Home, Cox Digital Cable and Cox Digital Telephone as a bundle, giving customers the convenience of doing business with one company and paying one bill. The company also has announced initial deployment plans for the next generation of advanced broadband services, including Video-On-Demand and Interactive Television. Cox Communications serves approximately 6.2 million customers nationwide, making it the nation's fifth largest cable television company. A full-service provider of telecommunications products, Cox offers an array of services, including Cox Cable; local and long distance telephone services under the Cox Digital Telephone brand; high-speed Internet access under the brands Cox@Home, Road Runner and Cox Express; advanced digital video programming services under the Cox Digital Cable 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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