AT&T (T) closed on its $1.925 billion acquisition of 700 MHz spectrum licenses covering 300 million potential customers from Qualcomm (QCOM).
The deal gained regulatory approval late last week, having been announced initially in late 2010. The process was delayed as it was eventually rolled into AT&T’s failed attempt to acquire T-Mobile USA.
Qualcomm had originally spent $558 million for those licenses during the Federal Communications Commission’s 700 MHz auction in early 2008. Qualcomm used that spectrum initially for its MediaFLO streaming television service that it shuttered earlier this year.
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