Summary Box: Cox agrees to sell Verizon spectrum

GOODBYE WIRELESS: Cable company Cox Communications has agreed to sell some of its airwave licenses to Verizon Wireless for $315 million and will resell Verizon service in its stores.

NO LONGER NEEDED: Cox had given up on its plans to build a wireless network, saying it couldn’t compete with bigger cellphone companies.

ELSEWHERE: Verizon Wireless and three other cable companies struck a similar deal two weeks ago. Comcast, Time Warner Cable and Bright House Networks gave up their ambitions to run their own wireless network and signed co-marketing agreements with Verizon.