Cellular interference brings us this week’s Marketplace Money buzzword: Open access.
Open access is the idea that part of the public airwaves should be open for anyone to use. Some big wireless phone companies aren’t fans of open access, ’cause now they license the airwaves and they don’t want competition.
But the Fed will soon auction some of the airwave spectrum. One potential bidder is Google. Google has promised to bid billions for these frequencies — if the Fed guarantees anyone could have open access to them.
Will the deal go through, opening up competition and driving down prices? Please hold.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.