Free Wireless Broadband by Fall 2009?Category: Internet
Posted: September 3, 2008 04:58PM
Two weeks ago, I reported that the FCC Chairman is pushing for free wireless broadband across the United States. Now, a small wireless start-up called M2Z plans to do just that. As last reported, the FCC will be auctioning off a portion of wireless airwaves next year and M2Z hopes to snatch it up. Aside from the usual opponents to the plan, like T-Mobile, M2Z will most likely have to worry about phone and cable TV companies as well. After all, if M2Z accomplishes what it's setting out to do, those companies will have to either charge less or provide better speed and services. The spectrum is expected to go for at least $50 million and for a start-up that was founded in 2006, that could be a tall order. M2Z's chairman and co-founder, Milo Medin, wouldn't divulge details on the funding but stated that they are very confident they can raise the money needed to construck the network and launch the free service. Once live, the service will be ad-supported, and if all goes according to plan, available to 95% of the country. Big plans for a two-year old company with eight employees, but I for one hope they can pull it off.