Following the FCC’s approval last week, AT&T announced Tuesday that it has finalized its acquisition of Qualcomm’s 700MHz spectrum licenses. The spectrum, which was previously used for Qualcomm’s FLO TV product, covers more than 300 million United States residents. AT&T said it paid Qualcomm approximately $1.9 billion in the deal. “This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers,” said AT&T SVP-Federal Regulatory Bob Quinn explained recently. AT&T’s full press release follows after the break.
AT&T Completes Purchase of Wireless Spectrum from Qualcomm
Dallas, Texas December 27, 2011
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.