TechNet Applauds Administration Plans to Increase Amount of New Broadband Available

New Spectrum Will Help Deliver Better Communications, Enhanced Innovation

WASHINGTON, June 28 /PRNewswire-USNewswire/ -- TechNet, the bipartisan policy and political network of CEOs that promotes the growth of the innovation economy, today applauded the announcement of a new memorandum signed by President Obama which commits the federal government to provide 500 MHz of new broadband spectrum to ease the use of electronic equipment from laptops to mobile phones.

"Just like roads and bridges of the last century, widespread broadband deployment represents the fundamental underlying infrastructure of America's innovation economy," said Rey Ramsey, President and CEO of TechNet.  "As the President said in his memorandum, our nation's future is wireless and a dynamic broadband network is central to our nation's long-term economic growth. We look forward to working with our policymakers to make the power of broadband more available and accessible to every American."

Under the plan unveiled today, the federal government will begin identifying specific sources of the new spectrum. These sources will come from both the public and private sectors.

About TechNet:

TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet's members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, DC, Palo Alto, Sacramento, Seattle, Boston and Austin,Texas. Web address: www.technet.org. You can also follow us on Facebook and Twitter at @technetupdate.

SOURCE TechNet

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