The fact that new applications can use unlicensed airwaves is important as an economic development tool, said Rebecca Arbogast, a managing director and telecommunications analyst at Stifel Nicolaus. Few companies have the billions of dollars required to buy spectrum that is periodically auctioned off by the F.C.C., she said, but unlicensed spectrum can attract cash-poor, start-up companies … “This will also be a platform for innovators and entrepreneurs,” Mr. Genachowski [FCC Chairman] said. “There is every chance of this leading to the development of one or more billion-dollar industries” … “The last time we did this, no one knew what would happen,” Mr. Genachowski said. But the result — wireless computer networking and other consumer applications — has transformed the economy.
F.C.C. Likely To Open New Airwaves to Wireless.
When people ask about the type of disruptive things government can do to grow the economy, look no further than the F.C.C. to provide a deregulated catalyst for lean startup innovation. Huge news.
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