Cox Communications, Inc., and Cable America Corporation today announced the signing of a definitive agreement for Cox's purchase of the Arizona operations of Cable America serving 35,000 basic subscribers. Financial details of the transaction were not disclosed. The sale is expected to be completed by mid-year.
The cable systems are contiguous to Cox's Arizona cable operation, which currently services more than 1 million customers in 37 communities in Phoenix and Southern Arizona. The agreement includes cable television systems in Mesa, Florence, Wickenburg, Queen Creek, Coolidge and Gila Bend, as well as Maricopa and Pinal Counties.
"This acquisition is an important step in building a strong and lasting presence in the Arizona market," said Claus Kroeger, Senior Vice President of Operations for Cox Communications. "By expanding our footprint, this transaction furthers Cox's strategy to consolidate into larger operations and enhance the rollout of a full bundle of broadband communication services to Arizona's growing communities."
CableAmerica Corporation has been operating the Arizona cable systems since 1982.
"CableAmerica has been proud to be able to offer its customers cable television and broadband services in Arizona over the past 25 years," said William G. Jackson, President of CableAmerica. "Our commitment to customer service helped us forge a successful business."
About CableAmerica (www.cableamerica.com)
Cable America Corporation is the nation's 40th largest cable television company and prides itself in offering superior customer service to its subscribers for over 35 years. The Company's cable systems pass approximately 130 thousand homes and provide services to over 75 thousand customers in 3 states. CableAmerica offers a wide array of broadband products and services, including traditional video services, digital television, high-speed Internet access and high definition television. More information about CableAmerica can be accessed on the Internet at: www.cableamerica.com
Acerca de Cox Communications (www.cox.com/espanol)
Cox Communications, a Fortune 500 company and wholly owned subsidiary of Cox Enterprises, Inc, is a multi-service broadband communications company with more than 6.6 million total customers, including more than 6.2 million basic cable subscribers (these numbers are an approximation as Cox continues to assess the effect of population loss in New Orleans in the wake of Hurricane Katrina). The nation's third-largest cable television provider, Cox offers analog cable television under the Cox Cable brand as well as advanced digital video service under the Cox Digital Cable brand. Cox provides an array of other communications and entertainment services, including local and long distance telephone under the Cox Digital Telephone brand; high-speed Internet access under the Cox High Speed Internet brand; and commercial voice and data services via Cox Business Services. Local cable advertising, promotional opportunities and production services are sold under the Cox Media brand. Cox is an investor in programming networks including Discovery Channel.
Contacts:
Cox Communications:
David Grabert
404-269-7054
678-592-2258 (cell)
David.Grabert@Cox.com
Stephanie Davis
404-843-7872
770-833-3627 (cell)
Stephanie.Davis2@Cox.com
Cable America:
Chris Dyrek
480-559-7300
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