Over in the United States, AT&T has agreed to purchase spectrum licenses in the ‘lower 700 MHz’ frequency band from Qualcomm for $1.925 billion. The spectrum, currently used by Qualcomm for its FLO TV service in the USA, will form part of AT&T’s 4G mobile broadband service.
Qualcomm expects to close its FLO TV business and network in March 2011; the AT&T deal is expected to be completed during the second half of 2011.