Cox to shut wireless network it started building

NEW YORK (AP) - Cox Communications, America’s third-largest cable company, says it will shut down the wireless network it has started building.

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.

Last November, Cox used Sprint’s network to launch service in Oklahoma City; Hampton Roads, Virginia; Omaha, Nebraska; and Orange County, California. It says it will continue that arrangement, selling phones and service.

Cox spent $550 million to buy wireless spectrum rights for its own network and possibly hundreds of millions more to build it out.

Cox is privately held and based in Atlanta.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks