Cox agrees to sell wireless spectrum to Verizon

Dec 16, 2011 By PETER SVENSSON , AP Technology Writer

(AP) -- Cable company Cox Communications on Friday said that it has agreed to sell some of its airwave licenses to Verizon Wireless for $315 million and will resell Verizon service in its stores.

The deal mimics on struck between and three other cable companies two weeks ago. Comcast, and Bright House Networks gave up their ambitions to run their own wireless network and signed co-marketing agreements with Verizon.

Unlike the other cable companies, Cox had taken steps to use its spectrum. But it gave up on its plans to build a wireless network earlier this year, saying it couldn't compete with bigger cellphone companies.

Privately held Cox is the third-largest cable company in the country. It is based in Atlanta and has about 6 million customers.

The spectrum Cox is selling is in the same frequency band as the licenses the other cable companies agreed to sell, which makes it easier for Verizon Wireless to put it to use. It covers 28 million people, chiefly in areas where Cox provides cable service.

Cox also has spectrum in another frequency band, which is not part of the deal.

Spectrum sales are subject to approval by the .

Verizon Wireless is a joint venture of phone company Inc. of New York and Vodafone Group PLC of Britain. An odd consequence of the deals the cable companies is that Verizon Wireless stores will be selling cable TV service, in competition with Verizon Communications' own FiOS TV service.

Verizon Communications shares edged up 23 cents to $38.65 in midday trading.

Explore further: FX says overnight ratings becoming meaningless

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Cox kills Sprint-based cellphone service

Nov 16, 2011

(AP) -- Cox Communications, the country's third-largest cable company, stopped offering cellphone service Wednesday, saying it's too small to compete with the big phone companies.

Verizon pays $3.6 bn to buy spectrum from cable firms

Dec 04, 2011

US cellphone giant Verizon Wireless said Friday it will pay $3.6 billion to buy wireless spectrum from three leading cable providers which are bowing out of plans to plunge into the cellphone business.

Comcast to sell advertising for Verizon FiOS TV

Jun 24, 2009

(AP) -- Setting aside their rivalry in the interests of business, Comcast Corp. said Wednesday it will sell advertising for Verizon Communications Inc.'s FiOS television service in 10 markets where they both compete.

Recommended for you

FX says overnight ratings becoming meaningless

6 hours ago

(AP)—It's a rite nearly as old as television: the morning after a new show premieres, network executives wait impatiently for the Nielsen company's estimate of how many people watched, and rush to report ...

Verizon launches rewards program with tracking

Jul 21, 2014

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked ...

Verizon boosts FiOS uploads to match downloads

Jul 21, 2014

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.

The goTenna device pitch is No Service, No Problem

Jul 18, 2014

In the new age of Internet-based crowdfunding with special price offers, where startup teams try to push their product closer and closer to the gate of entry, goTenna's campaign offers a most attractive pitch. ...

Maths can make the internet 5-10 times faster

Jul 17, 2014

Mathematical equations can make Internet communication via computer, mobile phone or satellite many times faster and more secure than today. Results with software developed by researchers from Aalborg University ...

User comments : 0