We did an experiment in under graduate school. A signal traveled through fifty feet of coaxial cable at 0.8 C.
This. I am finding it difficult to believe than anybody would think the statement was anything but hyperbole. Ali could teach a master class in hyperbole.
The propogaton velocity of the E and M fields around the wires is always less than c, and depends on a number of variables. For most pairs of wires, the velocity is somewhere between 0.4c and 0.8c:
In the computer networking class I took in college, we always used 0.67c as our approximation for propagation delay in our formulas.