What is Coxs acquisition strategy?
If you take a look at our systems today, they’re big, they’re stand-alone, they’re run in a decentralized way. The big ones provide voice, video, and data service. We like to concentrate in a particular market so we’ve got [it all]. We think that’s where the revenue opportunity is. But we don’t want anyone to think that we’re deal-horny. Q: Are you looking for systems that are upgraded for digital delivery? A: If systems are already rebuilt, there’s less that we have to do. If a system hasn’t been upgraded but represents a significant cluster of homes that we can put our time and attention to, we do that calculation on the way in. State of readiness isn’t a deciding factor. Q: Some analysts say an acquisition would hurt Cox by delaying free cash flow. A: You can’t sit in any one camp or the other forever. We believe, and we’ve told the Street this, that we’re concentrating on running our business the best way we know how. We think the first-quarter numbers show we’re doing that decentl
