San Diego-based Qualcomm announced that it would be shutting down its subsidiary, FLO TV, in March 2011, freeing up the spectrum that AT&T agreed to purchase. AT&T and Qualcomm expect to close the sale in the second half of 2011.
Spectrum has become increasingly precious, since it is a scarce resource, Wang said. He expects to see wireless providers "bid aggressively" at a spectrum auction to be held by the Federal Communications Commission in 2011.
From the article, "AT&T to pay $1.925 billion for spectrum licenses from Qualcomm" by Melissa Repko
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