There’s long been talk that cable will solidify the quad-play by adding wireless to its bundles.
But one market analyst thinks cable needs wireless as much as a cow needs jumper cables (we didn’t say that – MarketWatch did). According to Craig Moffett of Bernstein Research, cablecos get no profit or competitive advantage from ventures such as the Clearwire Corp. (CLWRD) attempt at WiMAX; investors in that deal include cable operators.
Moffett posits that cable investors and their rivals will end up competing with Clearwire and its primary partner Sprint Nextel Corp. (S) to sign up for wireless services.
“Perhaps the best that can be said of cable's involvement is that it keeps them from doing something worse like, say, building a wireless network (a la Cox Communications) or buying Sprint,” MarketWatch quotes Moffett as saying.
