Wireless industry News » Cox Enterprises to Invest in InSite Wireless Group, LLC
Cox Enterprises, Inc. (CEI), a leading communications, media and automotive services company and its subsidiary Cox Communications (CCI), the nation's third largest cable and broadband company, today announced an investment in InSite Wireless Group, LLC ("InSite"), owner, operator and manager of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Puerto Rico, and the U.S. Virgin Islands. Under terms of the agreement, CCI will contribute approximately 150 of its existing wireless towers while CEI will make an additional cash investment in InSite. Terms of the agreement were not immediately released.
Jamie Kennedy, vice president of Corporate Development for CEI, describes the new partnership as an example of Cox's strategy of helping build growth businesses within the technology, media and telecommunications sectors.
"The investment we're announcing is not only in InSite's business, but also its people. The wireless tower industry continues to see significant opportunities for growth, and InSite's experienced management team has a successful history of capitalizing on these opportunities. Not only do they share our outlook on growing the business, but they also share similar values and goals with our other Cox companies. We look forward to working with them in the years to come," Kennedy said. Read the full article