Qualcomm sells off UK spectrum to Vodafone, H3G

Qualcomm has begun its promised streamlining operation by agreeing to sell off the spectrum it owns in the UK to Vodafone and H3G.

In its 2Q investor call, Qualcomm conceded that its recent performances had left something to be desired, and confirmed it was planning to “streamline” its operations in various regions and businesses. At the time, it announced a huge organisational reshuffle which will see a 15% reduction in workforce numbers. CEO Steve Mollenkopf said there will be a comprehensive review of the business. “Our strategic realignment plan is designed to enable us to extend our core strengths and deliver value for our customers and stockholders in more efficient and powerful ways,” he said.

Qualcomm has now said the UK Spectrum business, QUKS, has confirmed a transaction to sell off the entirety of its L-Band spectrum, which sits between 1452-1492 MHz. Vodafone and H3G have each agreed to acquire 20MHz of its spectrum. All parties (QUKS, Vodafone and H3G) are due to submit applications to Ofcom for approval of the transfer of spectrum, as both transactions are still subject to regulatory approval and potentially additional conditions if the UK regulator sees fit.

“Under a transaction between QUKS and Vodafone UK (Vodafone), Vodafone agreed to purchase 20 MHz of the spectrum,” said a Qualcomm statement. “Under a separate transaction between QUKS and Hutchison 3G UK Limited (H3G), H3G has agreed to purchase 20 MHz of the spectrum.”