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Cox Continues Wireless Retreat, Contributing Towers to Parent Company’s InSite Investment

April 20, 2012, 4:00 AM

Continuing to unwind its wireless holdings, Cox Communications is contributing its wireless towers to a venture focused on operating wireless towers and distributed antenna systems (DAS). As part of the transaction, Cox Communications parent Cox Enterprises will also be making a cash investment in InSite Wireless Group, LLC.

InSite owns, operates, and manages wireless communication tower site facilities and DAS across the United States, Puerto Rico, and the U.S. Virgin Islands.

Over the last several years, Cox Communications invested significant resources in building an independent wireless operation, with ambitions to add the service to its bundled offerings. Last year, however, ...