Qualcomm Gets Approval On Spectrum Sale

San Diego-based Qualcomm said this morning that the U.S. Federal Communications Commission has approved its sale of a block of 700 MHz spectrum. Qualcomm is selling the spectrum to AT&T, in a deal that was originally announced in December of 2010. The deal is worth $1.925 billion. AT&T is planning to use the new spectrum as part of its 4G network via carrier aggregation technology. Qualcomm is including that carrier aggregation technology into its chipsets as part of the deal.