|
|
Article: Cox & SW Bell wed with $4.9B deal. (Cox Enterprises Inc. Cox Cable Communications; Southwestern Bell Corp.)
- Article from:
- Multichannel News
- Article date:
- December 13, 1993
- Author:
CopyrightCOPYRIGHT 1993 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The mating ritual between MSOs and telcos progressed last week, with Cox Cable Communications Inc. and Southwestern Bell Corp. agreeing to form a $4.9 billion partnership to pursue cable and telephony.
The two companies formed a joint venture to which SW Bell provides the cash and Cox contributes virtually all of its cable systems. Initially, Cox will own 60 percent of the venture, although SW Bell has the option to raise its 40 percent stake to 50 percent.
The Cox-SW Bell deal follows a flurry of other cable/telco links, including Bell Atlantic Corp.'s planned $33 billion acquisition of Tele-Communications Inc.; U S West Inc.'s $2.5 billion investment in Time ...