December 16, 2011 05:46 pm EDT

Cox Communications sells 20MHz wireless spectrum to Verizon for $315 million

Hot on the heels of its acquisition of a glut of AWS licenses from cable giants Comcast, Time Warner and Bright House for a few billion, Verizon's at it again. This time, Big Red's grabbing a swath of 20MHz AWS spectrum from Cox Communications for a tidy $315 million. In a separate agreement, Cox and VZW will begin selling each other's services as well. Of course, this is all pending FCC approval, but it looks like this latest purchase will have Verizon only further extending its LTE lead over Ma Bell.

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Cox Communications sells 20MHz wireless spectrum to Verizon for $315 million originally appeared on Engadget on Fri, 16 Dec 2011 12:46:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/12/16/cox-communications-sells-20mhz-wireless-spectrum-to-verizon-for/

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