Qualcomm looking to sell Flo TV, no money in mobile video
A couple of years ago, many companies thought mobile TV was about to take off. Qualcomm was one of them and it heavily pushed its Flo TV service, buying up spectrum, building out infrastructure and pushing to get its own TV-compatible chipsets into mobile phones. Fast forward a couple of years, and Qualcomm CEO Paul Jacobs is now saying the company is looking to sell its expensive, unprofitable Flo TV service. While a wide variety of suitors could be interested, look for Flo TV to be picked up by another mobile entertainment provider or a company looking to shut down the service and take advantage of the valuable spectrum for another service.
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Posted by Justin Davey at July 22, 2010 9:45 AM