The Federal Communications Commission this week moved closer to advancing its goal of reallocating large swaths of wireless spectrum to power new, next-generation mobile broadband networks.

The FCC projects a 35-fold increase in mobile broadband traffic over the next five years. (Mostly from tablets, netbooks and portable computers that substitute for PCs using fixed broadband).

The FCC has a goal of freeing up 300 MHz of spectrum for mobile broadband in the next five years would create a market value of $120 billion for the spectrum alone, with a several-fold multiplier effect across the economy once that spectrum is deployed.

Estimates of the broadband multiplier effect on the economy are 4.1 times. This would be $492 billion based on the $120 billion value of the spectrum.

The FCC broadband plan set the goal of freeing up 500 MHz of spectrum over the next 10 years, with the five-year milestone of 300 MHz.

If you liked this article, please give it a quick review on ycombinator, or Reddit, or StumbleUpon. Thanks

Featured articles

Ocean Floor Gold and Copper
Ocean Floor Mining Company

Thank You

Brian Wang

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.