Obama gives OK to double broadband spectrum

Chicago Breaking Business

President Obama on Monday signed a memorandum to nearly double the amount of federal and commercial spectrum available for smartphones and wireless Internet devices.

The move is aimed at spurring investment, economic growth and job creation as demand for broadband surges with the boom in wireless Internet devices such as iPhones, BlackBerrys and laptops. Obama said in a statement that “few technological developments hold as much potential to enhance America’s economic competitiveness, create jobs and improve the quality of our lives as wireless high-speed access to the Internet.”

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