Three U.S. cable systems have changed hands in the last two weeks, leaving smaller players, like Cox Communications, as potential targets in the rapidly consolidating industry.
“The most attractive guys left are Cablevision and Cox from a market standpoint,” Moody’s Investors Service analyst Neil Begley told digital financial media firm The Street.
However, Cox president Pat Esser issued a statement saying the company “is not for sale.”
Cox will continue to “aggressively invest and innovate,” Esser said. The company will also explore other potential growth opportunities.