Cox Communications Released the Following Media Statement in Response to the Announcement That Comcast Will Acquire AT&T Broadband.Business Editors ATLANTA--(BUSINESS WIRE)--Dec. 19, 2001 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. confirmed today that it made a bid for AT&T Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). . While the news that Comcast will acquire AT&T is disappointing, Cox is confident that its bid was fair, and was made in the best interests of all Cox and AT&T stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . Cox will not discuss the specifics of its bid. "Cox will remain the premier provider of voice, video and data services in our communities," said Jim Robbins, president and chief executive officer for Cox. "Our strategy is well-suited for long-term growth at our current size." Robbins continued: "As always, we will continue to stay abreast of merger and acquisition opportunities in the industry that will allow us to grow strategically, while increasing shareholder value." Cox Communications, a Fortune 500 company, serves approximately 6.2 million customers nationwide, making it the nation's fifth-largest cable television company. A full-service provider of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. 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 See broadband. access under the brands Cox@Home, Road Runner road runner: see cuckoo. Road Runner thrives on outwitting Wile E. Coyote. [Comics: “Beep Beep the Road Runner” in Horn, 105] See : Cunning 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 programming networks including Discovery Channel and The Learning Channel. More information about Cox Communications can be accessed on the Internet at www.cox.com. |
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