Wireless for Sale
Psst…hey buddy, wanna buy some air? That’s right, you could be the proud owner of a piece of the wireless spectrum. The Federal Communications Commission (FCC) is scheduled to auction off 90 megahertz of wireless airwaves starting June 29, but interested parties better start saving up now, ‘cause this stuff ain’t gonna be cheap. Experts have projected the total revenue from the sales this year could put as much as $15 billion in federal coffers.
But wait, there’s more. The FCC also is expected to start selling wireless airwaves in early 2008 that TV stations will relinquish as they migrate to frequencies that support high-definition broadcasts. Because of this transition, the U.S. government has predicted that sales of new wireless communications licenses to advanced mobile communications outfits like high-speed Internet and video services providers could raise up to $25 billion between the fiscal years 2007 and 2009.
The projected revenues have already been allotted to improving emergency services communications, subsidizing converters for people who stick with their analog TVs and reducing federal debt (yeah, right). Congress will reportedly use whatever funds are left over after that to throw a 50-keg “party to end all parties” on the National Mall. Insiders also leaked that Supreme Court Justice David Souter’s invitation to the bash will “get lost in the mail somehow.”