suraj.sun tips news that the Obama administration announced today plans to free up roughly 500MHz of the wireless spectrum for commercial broadband. From the Washington Post: "The commitment backs a proposal by the Federal Communications Commission to auction off broadcasters' and government spectrum to commercial carriers that envision their networks running home appliances, automobile applications, tablet computers and other wireless devices. White House economic adviser Lawrence Summers said in a speech outlining the president's plan that freeing up more spectrum will spur economic growth through auctions of the airwaves and investment in wireless networks and technology. ... The FCC has proposed that 280 megahertz of spectrum come from broadcasters and other sources, 120 of which would come from broadcasters. The other 220 megahertz would come from the federal government's holdings managed by the National Telecommunications and Information Administration."