I understand full service from COX
(see siliconinvestor.com
It's been more than 6 months we've had all services (@home, Telephone & Digital TV) and NO PROBLEMS !!!
Lots of revenue streams here.
Cox Communications Announces 1999 Growth Projections
BusinessWire, Monday, January 11, 1999 at 16:54
ATLANTA--(BUSINESS WIRE)--Jan. 11, 1999--Cox Communications,
Inc. today announced in conjunction with the Salomon Smith Barney
Global Entertainment, Media & Telecommunications Conference its
anticipated growth during 1999 for its core cable business and
advanced broadband services, including digital television, high-speed
Internet access and residential telephone service.
The company estimates it will reach the 450,000 to 500,000
Revenue Generating Unit mark by year-end 1999 for its three new
residential services: Cox@Home, Cox Digital Telephone and Cox Digital
TV. Revenue Generating Units (RGU) are a measure of customer counts
for each individual Cox service. For example, a household
subscribing to Cox Cable, Cox@Home, Cox Digital Telephone and Cox
Digital TV would account for four RGUs, three of which would be from
new services. Cox has adopted this metric to more accurately account
for new service units as it continues to evolve into a full-service
communications provider.
Additionally, Cox expects in 1999 to achieve continued growth in
its core cable business, currently counting 3.8 million customers,
with basic customer growth in the 2.0 to 2.5 percent range. Revenue
Generating Units, including both basic cable customers and new
service units, are estimated to grow 375,000 to 400,000 in 1999,
representing growth of 9 to 11 percent.
Cox expects pro forma 1999 revenue growth of 11 to 14 percent
over 1998, with 1999 pro forma Operating Cash Flow growth estimated
at 8 to 10 percent. Additionally, Cox's financial health is
strengthened by the continued significant growth of its off-balance
sheet investments, including stakes in AT&T, Sprint PCS and At Home
Corporation. Cox last week announced the sale of its 11.9 percent
stake in United Kingdom cable and telephone provider Telewest
Communications plc, as Cox continues to focus on its domestic core
business strategy.
Continued capital investment in its broadband network will
provide Cox with an estimated 67 percent of its plant upgraded to 750
MHz capacity with two-way interactivity by the end of 1999, further
expanding Cox's opportunity to generate incremental revenue. By
year-end 2000, Cox plans to have 80 percent of its plant upgraded to
this level.
"We anticipate healthy growth for new services in the coming
year, as we launch services in additional markets and expand the
footprint in existing markets for telephone and high-speed Internet
services," Jimmy Hayes, Senior Vice President of Finance and Chief
Financial Officer, commented. "We also will continue to focus
intently on integrating new services into our core business
operations in the year ahead."
Any statements in this press release that are not historical
facts are forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. The words
"estimate," "anticipate" and other expressions that indicate future
events and trends identify forward-looking statements. These forward
looking statements are subject to risks and uncertainties that could
cause actual results to differ materially from historical results or
those Cox anticipates. Factors that could have a material and
adverse impact on actual results are described in Cox's current
report on Form 8-K, dated January 8, 1999. All forward-looking
statements in this press release are qualified by reference to the
cautionary statements included in Cox's Form 8-K. Cox undertakes no
obligation to publicly release the results of any revisions to these
forward-looking statements made in this press release to reflect
events or circumstances after the date of this release or to reflect
the occurrence of unanticipated events.
Cox Communications, Inc. (NYSE:COX) is among the nation's
largest broadband communications companies, serving 3.8 million
customers. As a full-service provider of telecommunications
products, Cox offers an array of services, including cable television
under the Cox Cable brand; local and long distance telephone services
under the Cox Digital Telephone brand; high speed Internet access via
Cox@Home; advanced digital video programming services under the Cox
Digital TV brand; and commercial voice and data services via Cox
Business Services. Cox is an equity owner of Sprint PCS, the
nation's first national wireless personal communications service
(PCS); and is also an investor in numerous programming networks,
including Discovery Channel. More information about Cox
Communications can be accessed on the Internet at www.cox.com. |
