According to a press release from XXX, AT&T has purchased Qualcomm‘s FLO TV spectrum for a $1.925 bn. The network is said to cover nearly 300MM nationwide with its 700 MHz block network. It’s E block spectrum covers nearly 70MM customers alone in New York, Boston, Philadelphia, Los Angeles and San Francisco and will undoubtedly play a pivotal role in AT&T’s future 4G mobile broadband rollout
Qualcomm announced it’s closing of the FLO TV, the live TV service available on small handheld devices and through white labeled service on carriers like AT&T and once Verizon in October and is expected to close down the service entirely in March.
- AT&T buys Qualcomm’s FLO TV spectrum for a cool $1.9b, promises 4G awesomeness (engadget.com)
- Qualcomm offers rebates on Flo TV hardware (electronista.com)