Monday, October 4, 2010

Qualcomm Cancels FLO TV, Opening 700 MHz Spectrum for Others

Qualcomm confirmed that it will close its FLO TV service by Spring 2011. If the service is discontinued before then, FLO TV will make appropriate refunds.

The company said that it is discussing future use of the network and its spectrum with potential partners. The resources could be used to address mobile data needs.
http://www.qualcomm.comIn 2008, Qualcomm won eight licenses in the FCC's 700 MHz spectrum auction at a total cost of $558.1 million. Specifically, Qualcomm purchased licenses in the E block covering the Boston, Los Angeles, New York City, Philadelphia and San Francisco Economic Area regions. These licenses doubled Qualcomm's 700 MHz spectrum holdings throughout a footprint of more than 68 million people in 28 individual markets for MediaFLO USA's "FLO TV" service (21 of its top 100 markets) at a cost of $554.6 million. In addition, Qualcomm purchased three licenses on the B block at a cost of $3.5 million.

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