Cox calls Prizes, Phones

New York, April 23 - Cox Communications Inc. said it will redeem all its remaining exchangeable subordinated debentures due 2029 in the Prizes structure and 3% exchangeable subordinated debentures due 2030 in the Premium Phones on June 7.

Cox will pay par of $88.50 plus accrued interest for the 164,424 remaining Prizes and par of $1,000 plus accrued interest for the remaining 107 Premium Phones.

The price payable is partly dependent on the market value of the reference shares. Cox said it will provide more information on May 29.

Up to noon on June 7, holders of the Prizes may tender them for a cash payment based on the market value of one share of Sprint Corp. common stock. The securities were originally based on the PCS tracking stock but that was eliminated effective April 23.

Cox is an Atlanta broadband communications company.

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