AT&T Hit With FCC Fine For Unauthorized Operations - AT&T (NYSE:T)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

AT&T Inc.(NYSE: T) has agreed to pay $450,000 as fine to settle an investigation by the Federal Communication Commission for violating norms concerning operation of microwave stations. The regulations were put in place just so that customers can use their wireless devices without interference from unauthorized radio operators.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

A press release put out by the FCC on Thursday showed AT&T admitted to operating numerous common carrier fixed point-to-point microwave stations, flouting its authorizations. This violation went on for about three and a half years to over four years.

Going forward, AT&T offered a commitment to strictly comply with the regulations so that the violations do not recur for future acquired microwave licenses.

At time of writing, AT&T shares were down 0.47 percent at $41.31.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!