It turns out that FLO’s demise will be 4G’s gain.
The spectrum found in the lower 700Mhz frequency band sold for $1.92 billion. It covers more than 300 million people and it reaches top markets such as New York and San Francisco.
Qualcomm will complete the shut down of FLO TV in March 2011.
Qualcomm began refunding consumers earlier this month who purchased portable and in-car Audiovox products for FLO TV’s 20-channel video service.
Source: Qualcomm and AT&T