Isn't there a spectrum shortage? Why would Verizon do this?
..And if Verizon NEEDED the cable companies spectrum. Where did this spectrum come from that they own and now want to sell?
The FCC auctioned it off and the cable companies bought it. At the time they thought they could build out a wireless network and compete in the mobile business. Cox was the only one that actually started to build out then found out it would be too expensive to make it work. So they abandoned the project.