New Services Power Strong Cox Results.
Multichannel News, May, 1999 by FARRELL, MIKE
New customers for digital cable, telephony and high-speed Internet services were the catalysts for the double-digit growth that brought Cox Communications Inc.'s pro forma revenue and cash flow to new heights in the first quarter. Total cable revenue for the Atlanta-based company rose by 10 percent in the quarter, to $472.5 million, and basic customers increased 2.8 percent, to 3.8 million, compared with the same period a year ago.
Total basic revenue rose 10 percent, to $351.7 million, largely due to increases in basic- and digital-cable customers and a fourth-quarter rate increase. Operating cash flow rose 26 percent, to $188.5 million. Cox said it had 99,596 customers for its "Cox Digital TV" offering as of March 31, up from 74,843 in...
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