[too_cool_for_skool]

For example, the huge swaths of bandwidth that analog TV used to take up?

Already sold off & reallocated by 2008 for around $20 billion: http://en.wikipedia.org/wiki/United_States_2008_wireless_spectrum_auction

Frequency spectrum is a hot commodity - you really think there's a bunch of free spectrum out there that's still waiting around to be used?

[Spktyr]

My point is that there was more spectrum ‘free’ as in unused for anything else that LightSquared could have bought into. Didn’t say that the licenses weren’t taken, but the people who hold them are selling space. LightSquared just didn’t want to pay for it.