Qualcomm shuts FLO TV, sells spectrum to AT&T

December 20, 2010
Qualcomm Chairman and CEO Paul E. Jacobs is silhouetted by an ad for FLO TV in January 2010. US technology company Qualcomm, after pulling the plug on its FLO TV service, announced Monday it was selling its US wireless spectrum licenses to telecom giant AT&T for over 1.9 billion dollars.

US technology company Qualcomm, after pulling the plug on its FLO TV service, announced Monday it was selling its US wireless spectrum licenses to telecom giant AT&T for over 1.9 billion dollars.

Qualcomm, which announced in October it was suspending sales of FLO TV sets, said Monday that it will shut down the service, which delivered broadcast video to cellphones, entirely in March.

said it had agreed to sell its spectrum licenses in the 700 MHz frequency band to AT&T for 1.925 billion dollars.

AT&T said it will use the spectrum, which covers more than 300 million people across the United States, as part of its planned 4G mobile broadband network.

The spectrum transaction will be subject to the approval of the Federal Communications Commission and the US Justice Department. Qualcomm and AT&T said they anticipate the deal will close during the second half of 2011.

FLO TV provides live television broadcasts to subscribers but the service never really took off.

Qualcomm shares were up 0.4 percent in afternoon trading to 49.66 dollars while AT&T was down 0.02 percent at 29.20 dollars.

Explore further: Briefs: Qualcomm, Verizon team on cell-phone TV

Related Stories

Qualcomm to let phones record mobile TV shows

April 13, 2010

(AP) -- Phones and other mobile devices that receive Qualcomm Inc.'s FLO TV broadcasts will get new features later this year, including the ability to record shows off the air.

Qualcomm pulls plug on Flo TV device sales

October 6, 2010

US technology company Qualcomm said Tuesday that it was suspending sales of its Flo TV "personal television" sets as it examines the future of the mobile TV service.

Recommended for you

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

Smallest 3-D camera offers brain surgery innovation

August 28, 2015

To operate on the brain, doctors need to see fine details on a small scale. A tiny camera that could produce 3-D images from inside the brain would help surgeons see more intricacies of the tissue they are handling and lead ...

Team creates functional ultrathin solar cells

August 27, 2015

(Phys.org)—A team of researchers with Johannes Kepler University Linz in Austria has developed an ultrathin solar cell for use in lightweight and flexible applications. In their paper published in the journal Nature Materials, ...

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.