AT&T Gets OK to Buy Qualcomm Spectrum
$1.93 Billion Deal Approved by FCC
by Karl Bode 08:49AM Friday Dec 23 2011 Tipped by FFH5
While AT&T may not have gotten what they really wanted from Santa
, the company got a fairly decent consolation prize in that the FCC has approved their acquisition of spectrum formerly held by Qualcomm
. The $1.93 billion purchase involves spectrum previously used by Qualcomm for their now defunct FLO TV service, which shuttered due to tepid consumer interest. AT&T, which already had the most wireless spectrum holdings of any U.S. company before the deal, will use the spectrum to fuel their LTE deployment. That deployment currently only serves fifteen markets nationwide, but is expected to accelerate considerably in 2012.