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> An FM radio channel has a bandwidth of 200Khz.

How gratuitous with modern tech. FM needs tens of decibels of signal to noise ratio to sound reasonable, especially if you want stereo. But a digital signal could fit perfect audio into that range at less than one bit per Hz, which would let it tolerate radio noise that's as strong as the actual signal.



You might be interested in Digital Radio Mondiale: https://en.wikipedia.org/wiki/Digital_Radio_Mondiale




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