AT&T will purchase Qualcomm spectrum licenses for nearly $2 billion

Qualcomm's 'FLO TV' service to be shut down in March

AT&T (Dallas, TX, USA) and Qualcomm Incorporated (San Diego, CA, USA) announced today that AT&T has agreed to purchase spectrum licenses in the lower 700 MHz frequency band from Qualcomm for $1.925 billion. The bold move will boost AT&T’s anticipated 4G mobile broadband rollout in the U.S. over the coming years.

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