Qualcomm sells spectrum to AT&T

Qualcomm has sold the wireless spectrum that was once dedicated to its FLO TV service to AT&T.

The lower 700MHz range is said to set AT&T back $1.925 billion. But the company obviously thinks it’s worth it claiming this piece of wireless spectrum will play an important role in its future 4G network rollout and development.

The sale comes as Qualcomm announces that its FLO TV business and network will be shut down in March 2011.

The spectrum covers more than 300 million. 12 MHz of Lower 700 MHz D and E block spectrum covers more than 70 million people New York, Boston, Philadelphia, Los Angeles and San Francisco; while the 6 MHz of Lower 700 MHz D block spectrum covers more than 230 million people across the rest of the US.

As part of its longer-term 4G network plans, AT&T has said that it will deploy this spectrum as a “supplemental downlink, using carrier aggregation technology”.

If all goes well with regulatory approvals and other customary closing conditions, the sale will go ahead during the second half of 2011.