Federal regulators (FCC- Federal Communications Commission)have shot down a proposal by a startup called M2Z Networks Inc. to build a free, nationwide wireless broadband network using a spare slice of airwaves. M2Z had requested that the winner of an auction for the radio spectrum would provide free Internet service to anyone who connects to it. M2Z's business model was - offering free basic wireless broadband access — with speeds of up to 768 kilobits per second — that would be supported by advertising in addition to a faster, premium service.
The FCC is still studying possible uses of the spectrum.
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