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U.S. Moves to Allow Trading of Radio Spectrum Licenses
by bucy at 1:14 pm EDT, May 16, 2003

FCC has voted 4-1 to allow companies to lease/trade frequencies.
There was a 40-year old requirement that license holders physically
control all of their infrastructure that prevented this in the past.

I'm not sure whether or not I think this is a good thing; the licensing system in this country is pretty broken IMO.