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Tuesday, December 21, 2010

AT&T to spend almost $2 billion on Qualcomm’s old FLO TV spectrum

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.

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Author: The Fonecast
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