Genachowski clears cablecos of spectrum hoarding

Cable operators received surprising support when FCC Chairman Julius Genachowski said allegations of spectrum hoarding are "just not true."

Broadcasters, in a death struggle with the FCC to hold onto their over-the-air spectrum rather than have it taken for a wireless-centric national broadband plan had accused Time Warner Cable (NYSE: TWC-WI) and Dish Network (Nasdaq: DISH), among others, of owning and sitting on spectrum. Genachowski continued to insist there is a "looming spectrum shortage" but added that the service providers aren't exacerbating it.

"It is not hoarding if a company paid millions or billions of dollars for spectrum at auction and is complying with the FCC's build-out rules," he said. "There is no evidence of non-compliance."

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