AT&T completes $1.9 billion acquisition of Qualcomm spectrum

. Following the FCC's approval last week, AT&T announced Tuesday that it has finalized its acquisition of Qualcomm's 700MHz spectrum licenses. The spectrum, which was previously used for Qualcomm's FLO TV product, covers more than 300 million United States residents. AT&T said it paid Qualcomm approximately $1.9 billion in the deal. “This spectrum will help AT&T continue to deliver a world-class mobile broadband experience to our customers," said AT&T SVP-Federal Regulatory Bob Quinn explained recently.

Boy Genius Report, AT&T completes $1.9 billion acquisition of Qualcomm spectrum