Basically, the FCC will be developing standard for unlicensed spectrum used on the spaces between TV channels to create a sort of super WiFi, using what is called “Sense and Avoid” technology.
It’s taken a long time to get here, largely because two groups, the broadcasters who wanted to be paid for something they didn’t have a license for and never used, they claimed interference issues, and the users and manufacturers of many wireless microphones, who had been using the spectrum illegally for years.
Technically, it is a good range of spectrum, it’s the analogue TV spectrum, so it goes a decent distance and penetrates walls and basements well, but more important is that it is unlicensed, which means that the use of the spectrum will be highly competitive, because, unlike wire, or the spectrum owned by wireless telcos, anyone can supply a service, as long as it complies with the technical requirements.
“Unlicensed” here means that anyone can operate the equipment, but that the equipment itself would have to be approved by the FCC before a sale is made.
This has a real potential to compete with the incumbents, and the barriers to providing service are low enough that there should be a fair number of entrants.