John Muleta (former head of the FCC’s wireless bureau) and cable executive Milo Medin (creator of AtHome Networks) have founded M2Z Networks Inc. with the goal of offering nationwide high-speed Internet service via a vacated slice of airwaves. The unused airwaves, 2155 megahertz (Mhz) to 2175 Mhz, have been allocated for advanced wireless service, and M2Z hopes to use them to forward President Bush’s goal of universal broadband access by 2007. In a departure from the usual method of securing spectrum at auction, M2Z has offered to pay the U.S. Treasury 5 percent of its premium broadband gross revenues instead.
Via [today.reuters.com]
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