Verizon Communications Inc (VZ)

[77Port]

Interesting news I'd not heard before. Dow Jones Newswire listed on Ameritrade. My money's on this being a semi-bogus story in the attempt to squeeze concessions. I don't think this shock-value report would see print unless there was a fix in the wings waiting to be announced.

Airlines Bracing for New FAA Rules for 5G Service

Airlines are bracing for flight disruptions as U.S. regulators consider measures to protect aircraft from new fifth-generation cellular frequencies, which the Federal Aviation Administration said could interfere with cockpit safety systems. The wireless industry says the 5G rollout doesn't endanger aircraft.

-- Early planning comes after a regulatory order in early December that sketched out potential restrictions on landing in bad weather and other low-visibility conditions in 46 large U.S. metropolitan areas. Telecom industry officials dispute the risks.

-- Officials discussed both industries' proposals to create buffer zones around airports at a recent meeting that included Transportation Secretary Pete Buttigieg and Federal Communications Commission Chair Jessica Rosenworcel , The Wall Street Journal reported.

-- AT&T and Verizon Communications , which spent $81 billion for 5G-friendly C-band licenses, delayed their planned rollout of faster cellular service until Jan. 5 to address the FAA 's concerns. They also pledged to reduce their C-band signal strength, especially near airport runways, for six months.

-- Airlines are trying to assess what canceled or diverted flights could mean for their fuel, aircraft and crew needs, said George Paul , vice president for technical services at the National Air Carrier Association .

(MORE TO FOLLOW) Dow Jones Newswires
12-20-21 0636ET
Copyright (c) 2021 Dow Jones & Company, Inc..

Also posted on T board as it mentions both VZ and T.