Silicon Valley-based M2Z Networks' goal is to boost the U.S. economy by building a free, fast and family-friendly broadband network across the United States. Since May 2006, the FCC has been considering M2Z's license application for its network, to be constructed in the 2155-2175 MHz spectrum band. The FCC has recently extended its consideration of M2Z's proposal in a forthcoming rulemaking. If approved, the M2Z proposal would guarantee delivery of its broadband service to at least 95 percent of Americans within 10 years. The service will be supported by locally targeted search results and will include a network-level filter to shield families using the service from indecent content. M2Z will pay the U.S. Treasury 5 percent of annual gross revenues from its premium subscription services, which could total payments of up to $1 billion over 15 years. According to two uncontested economic studies, the introduction of M2Z's broadband service would generate $18 to $32 billion in direct consumer benefits over the next 15 years. M2Z is backed by Kleiner, Perkins, Caufield and Byers; Charles River Ventures; and Redpoint Ventures; three of the most successful venture capital firms in Silicon Valley with $5 billon of capital under management. For more information, please visit www.M2ZNetworks.com and www.FreeBroadbandNow.org
U.S. Representatives back FCC proposal to auction 25MHz piece of spectrum, some of which would ... more
Bruce Sachs