ATLANTA, Feb 22, 2002 (BUSINESS WIRE) -- Cox Communications, Inc. (NYSE: COX) today confirmed its intent to pay a one-time cash payment to holders of its Convertible Senior Notes due 2021 (the "Notes") who elect not to require Cox to repurchase their Notes.

Pursuant to the terms of the indenture governing the Notes, Cox will become obligated to purchase for cash Notes tendered and not withdrawn before the close of business on February 22, 2002, and that date will not be extended. On February 19, 2002, Cox announced that it would pay to each Noteholder not exercising their put right a one-time cash payment of $17.00 for every $1,000 aggregate principal amount at maturity of the Notes held. Cox will make this payment to holders of record as of the close of business on February 25, 2002, as promptly as practicable following that date.

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 products, Cox offers an array of services, including Cox Cable; advanced digital video programming services under the Cox Digital Cable brand; local and long distance telephone services under the Cox Digital Telephone brand; high-speed Internet access under the brands Cox High Speed Internet, Road Runner and Cox Express; and commercial voice and data services via Cox Business Services. Cox is an investor in programming networks including Discovery Channel. More information about Cox Communications can be accessed on the Internet at www.cox.com/espanol.

CONTACT: Cox Communications, Inc. Investor Relations, 404/843-5377