AT&T completes acquisition of Qualcomm's FLO TV spectrum
It's only been five days since it's gotten the official go ahead, but AT&T's wasted no time in completing its acquisition of a swath of 700MHz spectrum from Qualcomm. Those airwaves, which formerly powered FLO TV, were purchased for a cool $1.9 billion and will now be repurposed to bolster Ma Bell's LTE network. It might not have been everything the carrier had hoped for, but some additional spectrum is better than none, right? Possibly the shortest press release you'll ever see awaits after the break.
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AT&T Completes Purchase of Wireless Spectrum from Qualcomm
DALLAS--(BUSINESS WIRE)--AT&T* announced today that it has completed its acquisition of spectrum from Qualcomm. AT&T purchased 700 MHz spectrum licenses covering more than 300 million people for approximately $1.9 billion.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.
