OVERLAND PARK, Kan., and
ATLANTA, Jan. 18, 2018 /PRNewswire/ -- Sprint (NYSE:
S) and Cox Communications today announced a new multi-year business
agreement designed to strengthen each company. The agreement,
reached as part of a settlement of patent litigation between the
parties, will allow Sprint to leverage Cox's broadband
infrastructure to accelerate the densification of the Sprint
network while simultaneously increasing efficiency of its macro
backhaul and small cell deployment. Additionally, the agreement
will increase and strengthen other business ties between the two
companies.
"This is another opportunity to work with a strategic partner to
accelerate our densification plans to improve our network
performance and experience for Sprint customers throughout Cox's
national territory," said Sprint's Chief Technology Officer
John Saw. "Moving forward, we will
continue to look for new opportunities to work with Cox in ways
that are mutually beneficial."
"We are pleased to continue our positive, long-term working
relationship that benefits both companies and consumers," said
Steve Rowley, executive vice
president, Cox Business.
Through the deployment of small cells and other solutions,
Sprint is working to significantly densify its network to enhance
performance and improve the customer experience. Sprint's
Densification and Optimization toolkit includes a variety of
solutions from traditional macro towers to small cells including
Sprint Magic Box, airpoles, strand mounts and repeaters. Through
this agreement with Cox, Sprint will significantly accelerate
deployment of that toolkit throughout Cox's national footprint.
With spectrum holdings of 204 MHz of spectrum and more than 160 MHz
of 2.5 GHz in the top 100 markets, Sprint has more spectrum
capacity than any other U.S. carrier enabling it to keep pace with
customer's growing demand for Unlimited data now and well into the
future.
SAFE HARBOR
This release includes "forward-looking
statements" within the meaning of the securities laws. The words
"may," "could," "should," "estimate," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "target," "plan,"
"will," "providing guidance," and similar expressions are intended
to identify information that is not historical in nature. All
statements that address operating performance, events, or
developments that we expect or anticipate may occur in the future —
including statements relating to the success of the new
relationship, including the network densification and operating
model, as well as statements expressing general views about future
services, efficiencies, and network performance and build of such
transaction — are forward-looking statements. Forward-looking
statements are estimates and projections reflecting management's
judgment based on currently available information and involve a
number of risks and uncertainties that could cause actual results
to differ materially from those suggested by the forward-looking
statements. With respect to these forward-looking statements,
management of Sprint and Cox have made assumptions regarding, among
other things, the ability to operationalize the anticipated
benefits from the transaction, including anticipated efficiencies
of the agreement; the development and deployment of new
technologies and services; efficiencies and cost savings of new
technologies and services; customer and network usage; connection
growth and retention; service, speed, coverage and quality;
availability of devices; availability of various financings; the
timing of various events; regulatory approvals and the economic
environment. Sprint and Cox believe these forward-looking
statements are reasonable; however, you should not place undue
reliance on forward-looking statements, which are based on current
expectations and speak only as of the date when made. Sprint and
Cox undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from Sprint and Cox's historical experience and present
expectations or projections. Factors that might cause such
differences include, but are not limited to, those discussed in
Sprint Corporation's Annual Report on Form 10-K for the period
ended March 31, 2017 and in Cox's
filing with the Securities and Exchange Commission. You should
understand that it is not possible to predict or identify all such
factors. Consequently, you should not consider any such list to be
a complete set of all potential risks or uncertainties.
About Sprint
Sprint (NYSE: S) is a communications
services company that creates more and better ways to connect
its customers to the things they care about most. Sprint
served 54 million connections as of Sept.
30, 2017 and is widely recognized for developing,
engineering and deploying innovative technologies, including the
first wireless 4G service from a national carrier in the United States; leading no-contract brands
including Virgin Mobile USA, Boost
Mobile, and Assurance Wireless; instant national and international
push-to-talk capabilities; and a global Tier 1 Internet backbone.
You can learn more and visit Sprint at www.sprint.com or
www.facebook.com/sprint and www.twitter.com/sprint.
About Cox Communications
Cox Communications is a
broadband communications and entertainment company, providing
advanced digital video, Internet, telephone and home security and
automation services over its own nationwide IP network. The
third-largest U.S. cable company, Cox serves approximately 6
million residences and businesses. Cox Business is a
facilities-based provider of voice, video and data solutions for
commercial customers, and Cox Media is a full-service provider of
national and local cable spot and digital media advertising. Cox is
known for its pioneering efforts in broadband, voice and commercial
services, industry-leading customer care and its outstanding
workplaces. For nine years, Cox has been recognized as the top
operator for women by Women in Cable Telecommunications; Cox has
ranked among DiversityInc's Top 50 Companies for Diversity 12
times. More information about Cox Communications, a wholly owned
subsidiary of Cox Enterprises, is available
at www.cox.com and www.coxmedia.com
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SOURCE Sprint Corporation