Vendors bidding for spectrum - now Qualcomm looking at the UK

One of the interesting developments I've been tracking of late has been the tendency of equipment or silicon vendors to start getting directly involved in spectrum auctions, either through joint ventures, or with the intent to build out wholesale networks themselves.

Probably the most prominent advocates of this approach have been:

• Intel's WiMAX-related JVs like Pipex/Freedom4 in the UK, and with KDDI in Japan
• Qualcomm's Media Flo network in the US & its recent bids for 700MHz spectrum
• NextWave, which has broad a variety of equipment & spectrum assets

And so against this backdrop, I'm curious what Qualcomm might want to do if it wins some 1490MHz frequencies in the UK....