Qualcomm and AT&T are no longer
talking about a deal, they've agreed to one: pending regulatory checks and other closing conditions, the wireless spectrum that was once dedicated to
FLO TV will now be transferred into AT&T's ownership in a $1.925 billion deal. Located in the lower 700MHz range, this bit of wireless space is said to cover more than 300 million people nationwide and AT&T expects it to play an important role in its future 4G network rollout and development. All that due diligence housekeeping will take the two companies a little while, with the deal expected to be finalized in the latter half of 2011, but at least we can rest assured that AT&T's serious about not being
left behind.
Continue reading AT&T buys Qualcomm's FLO TV spectrum for a cool $1.9b, promises 4G awesomeness
AT&T buys Qualcomm's FLO TV spectrum for a cool $1.9b, promises 4G awesomeness originally appeared on Engadget on Mon, 20 Dec 2010 08:01:00 EDT. Please see our terms for use of feeds.
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