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No. 2 U.S. mobile service provider AT&T this morning (Dec. 20) agreed to buy mobile television spectrum licenses from San Diego-based Qualcomm for $1.93 billion. The band covers more than 300 million people in the U.S., according to Reuters. AT&T expects to begin deploying the spectrum once compatible handsets and network equipment are developed, said Reuters. Qualcomm currently uses the licenses to support its FLO TV unit that broadcasts live TV directly to phones. Qualcomm will shut down FLO TV in March of next year, according to Reuters. Qualcomm had been trying to sell the spectrum and had had talks with AT&T competitor Verizon. Both AT&T and Qualcomm stocks are up this morning.

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Comments

dwbat Dec. 20, 2010 @ 10:06 a.m.

Looks like Qualcomm came out a winner, in spite of creating an inferior consumer product (FLO TV) that should never have received the greenlight from its management.

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Don Bauder Dec. 20, 2010 @ 2:39 p.m.

The question, though, is how much money they had spent developing FLO TV. But I would agree that Qualcomm would seem to have gotten a good price for the licenses. Best, Don Bauder

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dwbat Dec. 21, 2010 @ 12:08 p.m.

Many millions were spent on FLO TV. But yes, they lucked out by selling the spectrum, snatching victory from the jaws of defeat. Let's hope their next product isn't Web-connected recliner chairs or toaster ovens that display digital photos.

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Founder Dec. 20, 2010 @ 4:05 p.m.

I wonder if this has anything to do with the recent radio ruling by the FCC?

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Don Bauder Dec. 20, 2010 @ 9:18 p.m.

I don't know if this had anything to do with that decision. Best, Don Bauder

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