AT&T will be purchasing wireless spectrum from Qualcomm, the computer chip manufacturer, for $1.93 billion to provide higher speeds for its 4G network. The spectrum is in the lower 700 MHz frequency band and covers 300 million people in the United States.
The AT&T mobile network has been criticized heavily for some time because of connectivity issues which have caused poor service for its iPhone users. The iPhone uses more data than any feature phone and most smartphones (but not Android phones), so having exclusivity over the phone has put a severe strain on AT&T's network. Customers in heavily populated areas, such as New York City, are known to experience dropped calls and generally slow Internet browsing speeds.