Security Device Makers Buy Time For AT&T's 5G Upgrade: Bloomberg

AT&T Inc's T is planning to terminate an old wireless network that has triggered concerns over the failure of medical alerts, burglar alarm systems, and felony ankle bracelets, Bloomberg reports.
Security-device makers have requested more time as AT&T plans to pull the plug on its 3G network in February for faster 5G service.
AT&T has defended its stance, citing handing out three years' notice to industries relying on the older signals.
The Alarm Industry Communications Committee has urged the Federal Communications Commission to delay the shutdown until the end of 2022, to which AT&T had objected. Some companies reasoned that the pandemic hampered their ability to upgrade equipment.
"Forcing a delay would needlessly waste valuable spectrum resources and degrade the network performance for millions of our customers," an AT&T spokeswoman said.
Price Action: T shares traded lower by 0.98% at $27.26 in the premarket session on the last check Monday.