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December 7, 1993

SOUTHWESTERN BELL TAKES COX AS ITS $4,900m PARTNER FOR MULTIMEDIA

By CBR Staff Writer

Southwestern Bell Corp, San Antonio, Texas yesterday chose the Cox Cable Communications Inc arm of Cox Enterprises Inc, Atlanta as its partner for the multimedia ball: the two – already partnered on cable television and local phone service in the UK – will form a $4,900m cable television partnership that will jointly own and run 21 systems. Southwestern Bell will invest $1,600m for a 40% stake and can go to 50%; Cox is contributing $3,300m in assets to the venture, which will serve 1.62m cable subscribers.

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