During the Progress and Freedom Foundation's annual tech policy summit, Cox president Patrick Esser said that the cable company would be using its share of the 700-MHz spectrum to offer mobile content and services.
The cable company spent more than $300 million during a 700-MHz spectrum auction in March, and Esser said Cox will invest a total of $500 million in wireless spectrum.
"Wireless is straight from our offensive playbook," Esser said. "It's an important innovation, a logical business evolution, and will maximize the immense power of Cox's greatest asset -- the last mile of robust broadband networks."
Earlier this year, Cox entered into an agreement with Sony Electronics and other cable companies to create a platform that allows customers to access cable content on devices other than a set-top box. The standard, known as tru2Way, will be used to deliver content on mobile devices, Esser said.
While Esser did not give many details or a timeframe for Cox's wireless ambitions, the move has the potential to have a major impact on the existing wireless carriers. It would allow Cox to offer consumers a one-stop shop for their Internet, home phone, cable TV, and mobile phone at a potentially attractive price.
As Cox further encroaches on their territory, look for the telecoms to push their own "quadruple play" services. AT&T's IP-based TV service, known as U-Verse, overcame a bumpy start, but it is steadily gaining subscribers. Verizon's FiOS service can also offer television over IP.
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