Qualcomm Wins Licenses to Double Its Spectrum in 28 Key East and West Coast Markets to Expand FLO TV ServiceThursday, April 3rd, 2008
New 700 MHz Licenses Will Broaden Content and Service Offering To More Than 68 Million Potential Consumers
SAN DIEGO — Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced that it has acquired eight licenses in the U.S. Federal Communications Commission’s 700 MHz spectrum auction at a total cost of $558.1 million. Qualcomm purchased licenses in the E block covering the Boston, Los Angeles, New York City, Philadelphia and San Francisco Economic Area regions. These licenses double Qualcomm’s 700 MHz spectrum holdings throughout a footprint of more than 68 million people in 28 individual markets for MediaFLO USA’s award-winning FLO TV™ service (21 of its top 100 markets) at a cost of $554.6 million. In addition, Qualcomm purchased three licenses on the B block at a cost of $3.5 million.
Qualcomm’s E block licenses cover five of the nation’s top seven Economic Area regions. These regions consist of large contiguous areas on the East and West Coasts, stretching from New Hampshire to Maryland and from Orange County to Northern California, respectively.
“This investment in new spectrum underscores our commitment to continue to deliver the most innovative technologies to a growing wireless industry,” said Dr. Paul E. Jacobs, CEO of Qualcomm. “Our strategic purchase of E block licenses will enhance our efforts in the mobile TV space and further MediaFLO USA’s mission to bring world-class mobile entertainment to American consumers.”
The new E block spectrum will give MediaFLO USA greater flexibility to deliver additional content and services in these top markets, building on the Channel 55 spectrum for which Qualcomm already owns licenses in these markets and throughout the rest of the country and the FLO TV service now available to more than 130 million people.
“We have defined the mobile TV experience nationwide with our FLO TV service, and the acquisition of additional spectrum in many of America’s largest cities provides us with the flexibility to take the mobile entertainment experience to the next level,” said Gina Lombardi, president of MediaFLO USA.
In addition, Qualcomm won the B block in the California-Imperial, New Jersey-Hunterdon and Yuba City, Calif. Cellular Market Areas. These licenses will provide Qualcomm with 12 MHz of paired 700 MHz spectrum near key Qualcomm offices to enable the Company’s research and development (R&D) teams to deploy their innovative mobile broadband technologies, thus enabling faster development and broader deployment of these solutions for Qualcomm’s customers and partners.