Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced that it has acquired 40 MHz (1452-1492 MHz) of L-Band radio spectrum recently auctioned by UK communications regulator Ofcom, at a cost of GPB 8,334,000. This acquisition will allow Qualcomm, in collaboration with its partners, to bring a variety of innovative wireless technologies to the UK market.
“Winning this license creates an opportunity for Qualcomm to explore emerging business models and advanced mobile technologies,” said John Caterer, managing director, UK, Qualcomm Europe, Inc. “If we can help the market to harness this potential, we will see additional opportunities for service providers using a variety of technologies. This will ultimately benefit consumers, offering them high quality services and a range of creative applications.”
“Qualcomm has a long history of innovation and creating new technology markets,” said Andrew Gilbert, executive vice president of Qualcomm and president of Qualcomm Internet Services, MediaFLO Technologies and Qualcomm Europe. “Acquiring this spectrum will enable us to develop, test and explore a variety of innovative wireless services and technologies that will benefit European consumers and the wireless industry as a whole.”
The L-Band spectrum license acquired by Qualcomm covers the entire United Kingdom and is technology neutral, thereby enabling Qualcomm to use the spectrum for innovative technologies, depending on its assessment of market needs in the United Kingdom.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2008 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.