SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 17, 1999
Cox Communications, Inc.
-------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware
-------------------------------------------------------------------------------
(State or other jurisdiction of incorporation or organization)
1-6590 58-2112288
-------------------------------------------------------------------------------
(Commission File Number) (I.R.S. Employer Identification Number)
1400 Lake Hearn Drive
Atlanta, Georgia 30319
-------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(404) 843-5000
-------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
On May 17, 1999, Cox Communications, Inc. ("CCI") transferred its remaining
interest in Cox Communications PCS, L.P. to Sprint Corporation in exchange for
19,058,434 shares of Sprint's PCS Common Stock-Series 2, with a market value of
approximately $903 million on the date of the exchange. Cox Communications PCS
L.P. is the partnership through which Sprint conducts its operations in Los
Angeles, San Diego and Las Vegas. As a result of this transaction, CCI will
recognize a gain of approximately $1 billion for financial reporting purposes.
Concurrently with the above transaction, CCI's parent company, Cox
Enterprises, Inc., transferred its remaining interest in Cox Communications PCS,
L.P. in exchange for 5,241,070 shares of Sprint's PCS Common Stock-Series 2,
with a market value of approximately $248 million on the date of the exchange.
Prior to these transactions, CCI and Cox Enterprises collectively owned, through
a partnership, a 40.8% equity interest in Cox Communications PCS, L.P.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COX COMMUNICATIONS, INC.
Dated: June 11, 1999 By: /s/ Shauna J. Sullivan
-------------------
Shauna J. Sullivan
Assistant Secretary
