NEW YORK (AP) - Cox Communications, the country’s third-largest cable company, says it will shut down the wireless network it launched just seven months ago.
The network is one more false start for a cable company in the wireless world. Cox built and sold a wireless network in the `90s. It then started and folded a wireless consortium with Sprint Nextel Corp. and other cable companies in the last decade.
Cox spent $550 million to buy wireless spectrum rights for its latest endeavor and likely hundreds of millions more to build out the network.
Cox is privately held and based in Atlanta.
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