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Spectrum is the new oil. Or, so it would appear given all the backbiting that's overtaken the wireless industry as of late. One company, however, is perched advantageously to benefit from these squabbles and that's Cox. In separate filings to the Commission dated today, the cabler's begun the official process of seeking approval to transfer portions of its 700MHz holdings in the A and B blocks -- acquired during an FCC auction back in 2008 -- to U.S. Cellular and AT&T, respectively. Barring any (Big Red) opposition, this exchange would put eight licenses in AT&T's fold and four in U.S. Cellular's that would enhance existing voice and data service, while also aiding in LTE buildout across southern CMAs. All three parties still have a ways to go before these deals pass regulatory approval, but if the recent state of the wireless union's any indication, one of the three primary carrier colors is bound to rear its nay-saying head.