AT&T Wants to Borrow $14B for 5G Deployment Despite Reported Slow Speeds and Increasing American 5G Opposition

By B.N. Frank

In 2019, telecom executives gave U.S. congressional testimony that they had NO scientific evidence that 5G exposure is safe. There is research that has indicated it is NOT SAFE.

American 5G opposition continues to increase for health and environmental risks (see 1, 2, 3, 4, 5, 6), concerns about property value, and numerous safety threats (see 1, 2, 3). It’s even been the topic of several Dilbert cartoons.

Cities worldwide AND entire countries have taken action to ban, delay, halt, and limit 5G installation AS WELL AS issue moratoriums due to health, safety, environmental and economic risks. High-speed internet is achievable, safer, and more secure with a hard-wired internet connection – not 5G or WiFi. According to telecom experts, Americans have already paid to have access to this (see 1, 2).

5G isn’t living up to its hype of “lightning fast speed” either. In fact a few months ago, it was reported that AT&T’s 5G was slower than 4G in almost every city where it was tested. Regardless, the company wants to borrow millions more to keep installing it.

From Fierce Wireless:

AT&T looks to borrow $14B for 5G spectrum – report

As the clock phase of the C-band auction spectrum winds down with proceeds that have crushed initial expectations, AT&T is looking to borrow $14 billion to help acquire spectrum and is in early talks with banks, Bloomberg reported Tuesday.

Bank of America is leading the transaction for what Bloomberg, citing sources with knowledge of the matter, says is a 364-day delayed-draw term loan, with commitments due on January 2. The report noted that the structure would allow for AT&T to wait until the cash is needed and likely refinance in the bond market within a year.

Focus on carriers’ spectrum investments and related debt have gained increasing attention as bids for 5G licenses in the 3.7 GHz band climbed higher and higher since starting on December 8.

As of round 83 on Wednesday gross proceeds stood at $80.86 billion. That doesn’t include accelerated clearing payments and relocation costs, estimated at $9.7 billion and $3.3 billion, respectively, to be paid by winners.

Activity started to slow at the end of last week and Wednesday the auction format shifted to seven rounds per day with shortened times starting Monday.

The Bloomberg report echoes what New Street Research said earlier in the week that if T-Mobile is spending less than expected, AT&T and Verizon are likely making up the difference and would need to borrow more money to do so.

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The majority of scientists worldwide oppose deployment. A petition boycotting 5G phones has also been endorsed by doctors, scientists, and industry whistle blowers.

Americans opposed to 5G are encouraged to sign a petition asking President Biden and Vice President Harris to stop deployment. If you’re concerned about 5G cell towers being installed near your home and throughout your community, EMF Experts has a free online tutorial on how to locate them.

Activist Post reports regularly about 5G and other unsafe technology. For more details visit our archives and the following websites:

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