Wednesday, December 22, 2010

On Monday, Qualcomm (QCOM) announced it had sold its FLO TV 700 MHz spectrum to AT&T (T) for $1.9b. Most of the articles focused on how AT&T will have enough spectrum to roll out LTE after the PR disaster of its 3G network congestion, post-iPhone.

By one estimate, Qualcomm 
spent $683 million for the former UHF Channel 55, whose national rollout to AT&T and Verizon (
VZ) customers was delayed when Congress (and the administration) delayed the DTV switchover in a futile attempt to prevent any inconvenience to analog TV owners.
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