Cox increases Premier Speed in Select Markets
by CoxJimR 12:22PM Wednesday Nov 30 2005
ATLANTA--(BUSINESS WIRE)--Nov. 30, 2005--Cox Communications announced today that it has increased the speed of its fastest Cox High Speed Internet package at no additional charge for customers in Cleveland, OH, Kansas, Oklahoma City and Tulsa, OK, as well as Orange County and San Diego, CA. Cox High Speed Internet customers that subscribe to the Premier package in these markets can now enjoy speeds up to 9 Mbps downstream and up to 1 Mbps upstream, a download speed up to 80% faster than before the upgrade
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Re: And it gets worse .. from their investor relations web page at »www.cox.com.
Cox Communications Announces Third Quarter and Year-to-Date Financial Results for 2005
ATLANTA - Cox Communications, Inc. today reported financial results for the three and nine months ended September 30, 2005.
"This was another strong quarter for Cox, fueled by some excellent product performances," said President and CEO Jim Robbins. "Churn continues to decline across all products and we experienced record sell-in for digital cable, high-speed Internet and bundled services."
"The simplicity and convenience of the Cox bundle remains popular with our customers and has helped us surpass yet another milestone. Approximately one million customers subscribe to the Cox bundle of voice, video and Internet services. This success will serve us well as we expand our product bundle to include a wireless offering."
THIRD QUARTER HIGHLIGHTS
For the third quarter of 2005, Cox:
Generated $1.2 billion in net cash provided by operating activities and $208.0 million in free cash flow (net cash provided by operating activities less capital expenditures).
Generated 8% and 10% revenue growth during the quarter and nine months ended September 30, 2005, respectively, compared with the same periods in 2004.
Generated an operating loss of ($356.9) million and 17% operating cash flow growth (operating income before depreciation and amortization) during the quarter ended September 30, 2005 and an operating income decline of 84% and 15% operating cash flow growth during the nine months ended September 30, compared with the same periods in 2004."