NEW YORK - The world's largest media company, Time Warner has set its sights on establishing a muscular presence in cellphone services, either via the purchase of wireless spectrum or by acquisition of an existing US operator.
   In an interview with the Financial Times, ceo Richard H Parsons analogized his company to a table: "The ultimate table has to be constructed with four legs, not three. The fourth leg will be wireless [telephony] - how one solves the equation I don't know."
    TW's cable division will focus on finding ways to add wireless telephony to its 'triple-play' of video, telephony and internet services once its $18 billion (€14.83bn; £10.35bn) acquisition of bankrupt cable operator Adelphia is complete.