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: Mobile provider TracFone to pay $40M in federal settlement

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

Google wireless service could disrupt carriers

Jan 27, 2015

Internet users from San Jose to Kansas City have been clamoring for Google to lay down its long-awaited fiber-optic network to compete with Comcast and AT&T in speeding up Web and television access. Now the Silicon Valley ...

Google super-fast US Internet service spreads

Jan 27, 2015

Google's super-fast Internet service—up to 100 times quicker than basic broadband—is heading for four more US metropolitan areas as the technology titan ramps up pressure on cable service giants.

Transmitting wireless data on higher frequencies

Jan 27, 2015

Everything we do that requires a wireless connection uses the radio spectrum. We're able to harness radio waves to listen to music in the car or stream Netflix from the 4G network on our smartphones. Each ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.