Cox Communications Announces Agreement to Sell Advanced Wireless Spectrum to Verizon Wireless

Cox Communications announced that it has entered into an agreement to sell to Verizon Wireless its 20 MHz Advanced Wireless Services spectrum licenses covering 28 million POPs for $315 million. The sale of Cox's AWS spectrum to Verizon Wireless is an important step to ensure that consumers' growing demands for mobility will be met. This agreement does not include Cox's 700 MHz spectrum licenses, the company's Cox Wireless customer accounts or any other assets.