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GLD 374.96+0.2%Nov 19 4:00 PM EST
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To: Maurice Winn who wrote (69754)12/21/2010 12:36:04 AM
From: elmatador  Read Replies (1) of 217897
 
Qualcomm had sought a buyer for the spectrum, which is in the highly valued 700 megahertz spectrum band, following its decision to fold its struggling FloTV service which has been broadcasting live TV to select mobile handsets. The San Diego-based mobile chipmaker reportedly paid about $683m for the spectrum, which it acquired between 2003 and 2008. It has said that it was looking for new options for the spectrum after announcing that it expects to shut down FloTV in March 2011.

AT&T to buy Qualcomm’s spectrum for $1.93bn
ft.com
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