|Flo TV Gets the Axe|
|Home Theater News What Is On In HD News|
|Written by Dick Ward|
|Wednesday, 06 October 2010|
The other big problem is that one of the most valuable things that Qualcomm owns is the piece of the wireless spectrum that Flo TV was using. According to the company, it's valued at around two billion dollars, which Flo TV wasn't coming anywhere close to generating.
The Flo TV store has been shut down and we'll likely see devices pulled from retail shortly. The folks at Qualcomm say that they're looking for a way to reimburse current Flo TV customers, but hasn't laid down any official plans as of yet.