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Saturday, Jul 13, 2024
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Cox May Be Acquisition Target

A few notes about Cox Communications: There is a rumor afoot that the privately held Atlanta company, a dominant San Diego cable provider and the third-largest in the country, may be bought by Altice USA Inc., the No. 4 cable provider. FierceCable recently reported the rumor. Cox responded with this statement: “We are not for sale and, in fact, we are making aggressive investments of our own.” Altice is taking steps toward a $1.35 billion initial public offering and plans to use the funds for acquisitions.

On to a different question. This one is short on finance but long on tech: What do software applications using extra-fast internet service look and feel like? Cox may give San Diego a glimpse. It has pledged $300,000 over three years to make San Diego part of the Smart Gigabit Communities program run by the nonprofit US Ignite. The National Science Foundation and US Ignite created the Smart Gigabit Communities program in 2015. The city of San Diego will also participate.

Every year, each Smart Gigabit Community commits to develop two gigabit applications or gigabit services that provide advanced technology solutions to issues faced by the community. They also agree to share the applications with other communities.

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