updated 2/24/2010 6:08:18 PM ET 2010-02-24T23:08:18

Federal regulators are hoping to find more wireless spectrum for mobile broadband services by reallocating some airwaves now in the hands of television broadcasters and other users.

Federal Communications Commission Chairman Julius Genachowski on Wednesday outlined a proposal that would let existing spectrum holders, including broadcasters, voluntarily give back some airwaves. In exchange, they would share in the proceeds raised by government auctions of those airwaves to wireless companies.

Genachowski says that finding more wireless spectrum will be a key piece of the agency's plan to bring affordable high-speed Internet connections to all Americans. That plan, mandated by last year's stimulus bill, is due to Congress next month.

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