MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: QUALCOMM, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

AT&T Agrees to Acquire Wireless Spectrum from Qualcomm - Spectrum to help AT&T continue to enhance the mobile broadband experience nationwide (NYSE:T) (NASDAQ: QCOM)
AT&T Agrees to Acquire Wireless Spectrum from Qualcomm

 

NewswireToday - /newswire/ - San Diego, CA, United States, 2010/12/20 - Spectrum to help AT&T continue to enhance the mobile broadband experience nationwide (NYSE:T) (NASDAQ: QCOM). NASDAQ: QCOM

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

AT&T* and Qualcomm Incorporated 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 move will bolster AT&T’s ability to provide an advanced 4G mobile broadband experience for its customers in the years ahead.

Qualcomm currently uses the licenses to support the service business of FLO TV Incorporated, a wholly owned subsidiary of Qualcomm, and the sale follows Qualcomm’s previously announced plan to evaluate strategic options for the FLO TV business. Qualcomm expects that the FLO TV business and network will be shut down in March 2011.

The spectrum covers more than 300 million people total nationwide: 12 MHz of Lower 700 MHz D and E block spectrum covers more than 70 million people in five of the top 15 U.S. metropolitan areas — New York, Boston, Philadelphia, Los Angeles and San Francisco; 6 MHz of Lower 700 MHz D block spectrum covers more than 230 million people across the rest of the U.S.

As part of its longer-term 4G network plans, AT&T intends to deploy this spectrum as supplemental downlink, using carrier aggregation technology. This technology is designed to deliver substantial capacity gains and is expected to be enabled with the completion of 3GPP Release 10. AT&T expects to begin deploying this spectrum once compatible handsets and network equipment are developed.

As more fully described in its separate announcement today, Qualcomm intends to integrate carrier aggregation technology into its chipset roadmap, to enable supplemental downlink to address increased consumer demand for rich mobile media content. AT&T expects to deploy this technology, demonstrating its commitment to deliver a great mobile broadband experience — now and in the future.

The transaction is subject to regulatory approvals and other customary closing conditions, and AT&T and Qualcomm anticipate closing the sale during the second half of calendar year 2011.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation’s fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi , high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T │DIRECTV brands. The company’s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.

Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at att.com. This AT&T news release and other announcements are available at att.com/newsroom and as part of an RSS feed at att.com/rss. Or follow our news on Twitter at @ATT. Find us on Facebook at Facebook.com/ATT to discover more about our consumer and wireless services or at Facebook.com/ATTSmallBiz to discover more about our small business services.

© 2010 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in next-generation mobile technologies. For 25 years, Qualcomm ideas and inventions have driven the evolution of wireless communications, connecting people more closely to information, entertainment and each other. Today, Qualcomm technologies (qualcomm.com) are powering the convergence of mobile communications and consumer electronics, making wireless devices and services more personal, affordable and accessible to people everywhere.

Corporate Blog: qualcomm.com/blog.
Twitter: twitter.com/qualcomm.
Facebook: facebook.com/qualcomm.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Qualcomm could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction considering the various closing conditions, including any conditions related to regulatory approvals; any statements of the plans, strategies and objectives of management for future operations, including the development of supplemental downlink technology, the integration of supplemental downlink technology into Qualcomm’s chipsets, the development of carrier aggregation technologies and the availability and deployment of carrier aggregation technologies; any statements of expectation or belief, including the benefits of supplemental downlink and carrier aggregation technologies; the expected timing for the shut down of the FLO TV business and network; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the transaction may not be timely completed, if at all; that supplemental downlink technology can be successfully developed and adequate quantities of chipsets implementing such technology will be available on satisfactory terms and in a timely manner; that carrier aggregation technologies can be timely developed and deployed; as well as the other risks detailed from time to time in Qualcomm’s SEC reports, including the report on Form 10-K for the year ended September 26, 2010, and most recent Form 10-Q. Qualcomm undertakes no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

Qualcomm Contact
Warren Kneeshaw, Investor Relations
P: 1-858-658-4813 / E: ir[.]qualcomm.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Telecom / Wireless / VoIP / IPTV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: QUALCOMM, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Telecom / Wireless / VoIP / IPTV articles,
CATCH Visitors via Your Competitors Announcements!


AT&T Agrees to Acquire Wireless Spectrum from Qualcomm

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Emily Kilpatrick - Qualcomm.com 
858-845-5959 corpcomm[.]qualcomm.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any QUALCOMM, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Telecom / Wireless / VoIP / IPTV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From QUALCOMM, Inc. / Company Profile


Read Telecom / Wireless / VoIP / IPTV Most Recent Related Newswires:

F5 Fortifies Partnership with Rakuten Mobile to Provide Advanced Application Security Services for the Rakuten Communications Platform
MaxoTel Partners With Grandstream to Expand Their VoIP Solution in the Australian Market
Bedfordshire Fire & Rescue Service Pioneers Cloud-Based Control Room Solutions from Motorola Solutions
Grandstream’s New WP810 Cordless Wi-Fi IP Phone Now Compliant with Cisco’s BroadWorks
Motorola Solutions’ LEX L11 Meets U.S. Federal Government Criteria for Secure, Wireless Sharing of Classified Information
Swedish Telecommunications Operator Telia Introduces Broadband Push-to-Talk Service from Motorola Solutions
Grandstream Adds Two New Models to GWN Series of Wi-Fi Access Points
Qualcomm and Infinite Collaborate to Facilitate Powerful Digital Transformation in Smart Cities and Enterprises to Deliver End-to-End IoT Platform
Europe’s Urgent Need for Improved Business Continuity Creates an Unprecedented Opportunity for the UCaaS Market
Private Broadband from Motorola Solutions Completes End-to-End Communications Offering for Critical Infrastructure Entities
Qualcomm, JLC Infrastructure and IGNITE Collaborate to Enable Key Segments with Smart Cities Solutions
CSG Applauded by Frost & Sullivan for its Next-generation Standards-based Products for 5G Monetization
Qualcomm Completes Validation of Qualcomm 9205 LTE Modem on NTT DOCOMO’s Low-Power Wide-Area Networks
Qualcomm Introduces the World’s Most Advanced Mobile Wireless Connectivity Portfolio with 6 GHz Wi-Fi 6E and Bluetooth 5.2
Asia-Africa-Europe-1 Consortium Deploys Infinera to Double Capacity on Intercontinental Cable System

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit Apex Watercraft

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)