By Kimberley Donoghue
PBN Web Editor
Twitter: @ kdonog
ATLANTA â€“ Cox Communications agreed to sell its 20 MHz Advanced Wireless Service spectrum licenses covering 28 million POPs to Verizon Wireless for $315 million, the companies announced Dec. 16, pending regulatory approval.
Cox and Verizon will also begin selling each otherâ€™s residential and commercial products and services.
Cox announced in November that it was pulling out from its wireless service offering, based on â€śa lack of 3G wireless scale necessary to compete in the marketplace, the acceleration of competitive 4G networks and an â€śinability to access iconic wireless devices.â€ť It stopped selling new contracts and said it would continue to service its wireless customers through March 30, 2012.
â€śThese agreements provide Cox customers with key enablers to mobility, such as access to Verizon Wirelessâ€™ 4G LTE network and iconic wireless devices,â€ť said Pat Esser, president of Cox Communications. â€śWe look forward to the many benefits this will bring to customers.â€ť
The spectrum license sale does not include Coxâ€™s 700 MHz spectrum licenses, customer accounts or any other assets, a news release noted.