Cox Trims Staff After Wireless Plans Die
100 Engineers, Product Managers and Designers Let Go
Last October Cox Communications scrapped their entire wireless ambitions
. Those plans started with them planning a new LTE network, which ultimately de-volved into another Sprint MVNO before being discarded entirely. Like other cable operators Cox then recently offloaded their spectrum holdings to Verizon
, and is poised to join Comcast in re-selling bundled Verizon LTE services. Not too surprisingly, Cox is now shedding a lot of the hires acquired during their brief wireless effort, laying off roughly 100
engineers, product development managers and infrastructure designers tied to the wireless unit. Cox, which has roughly 60,000 employees, did not sell their 700 MHz spectrum licenses to Verizon.
When will Cox sell the 700 MHz spectrum?
Makes you wonder when & to who they will eventually sell this spectrum. Probably holding on to it until they need the money to offset a bad quarterly result or need money for an acquisition.
Cox did not sell their 700 MHz spectrum licenses to Verizon.