$400 M national wireless net in the works

By John Cox, NetworkWorld.com, 05/22/06

A startup is raising funds and seeking FCC approvals for a wireless broadband net that will sell high-speed capacity to service providers and offer free, but slower, access to the general public.

The company is M2Z Networks, based Menlo Park, Calif. Backers have reportedly pledged some $400 million to build the nationwide net. The plan calls for coverage to reach one-third of the U.S. population in the next three years.

A chunk of that money is going to pay for high-powered Washington lobbyists to convince the FCC to grant M2Z a license for some public airwaves without going through an auction process. That move is already drawing fire from other vendors and industry associations.

M2Z has its complete FCC application online, and little else, at its Web site.

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