Cox reports a solid 2008
Cox Communications today reported growth in both residential and commercial subscriber numbers. As of the close of 2008, the company said it had surpassed 3 million access lines for telephone services and 4 million subscriptions for high-speed Internet services.
A year ago, Cox had 2.38 million phone subscribers and 3.7 million Internet subscribers.
Regarding bundle penetration, the company said at the close of 2008 that it had just under two-thirds of its customers in a bundled relationship, with over one-third subscribing to all three services. A year ago, the company reported that 62 percent of its customers were subscribing to a bundle.
This quarter, the company provided even less information than a year ago; specific numbers are lacking this year with which to evaluate progress in some statistical categories, such as total number of subscriber relationships and the numbers of basic and digital subscribers.
The company asserted double-digit growth, however, in each of its core digital services: digital cable, high-speed Internet and digital telephone.
In 2008, Cox Business grew customers by 19 percent and revenues by 16 percent; the company will realize $1 billion in revenue from Cox Business in 2010.
“Small businesses, often neglected by traditional carriers, have welcomed Cox for the attention and high-quality customer care we deliver,” said Phil Meeks, vice president of Cox Business. “Regionally concentrated organizations such as education, health care, finance and government services are a natural fit for Cox’s robust local networks. Our industry-leading deployments of Ethernet and hosted IP voice solutions provide additional capabilities and cost efficiencies for businesses, while driving aggressive new subscriber growth.”
The recession has yet to make its effects felt in cable. Insight (story here) and Cox both reported growth in 2008, despite what both described as a challenging economy.