Thursday, 22 December 2011

AT&T Buys Qualcomm?s 700MHz Spectrum For $1.9 Billion ? FCC Approves

With AT&T?s proposed T-Mobile merger dead in the water, it seems the company is looking towards new, less FCC offensive ways to spend their money. Enter Qualcomm who has just sold off their 700MHz spectrum to AT&T for use in its budding 4G LTE network. The deal has actually been approved in a 3-1 vote by the FCC but it doesn?t come without some fine print. First, AT&T will have to make sure they meet current interference requirements and second, they will have to share some of this newly acquired spectrum with some of their competitors for data roaming.

The spectrum was originally used by Qualcomm for their Flo TV service but was short lived. No sense in letting all that good spectrum go to waste now, is there? The agreement should go into effect by the end of this year.

[WSJ | Electronista]

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