Although the carriers said the limits would not have a significant impact on the speed of services they provide to customers, The Journal noted that the proposal is significant because the companies have spent billions on the 5G spectrum licenses.
Verizon and AT&T shelved 5G marketing campaigns that emphasized out-of-home consumer use cases during the pandemic.
Private-equity firms including Apollo are among possible bidders for Verizon media assets, sources say.
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iPhone price wars are back as carriers compete for 5G customers.