NYTimes article on risks of 5G investment. Pulsed microwaves are dangerous.
One important positive for Verizon, Mr. Wolfe said, is that it has “the premier wireless network.” But the cost of upgrading that network may also be a Verizon vulnerability. The company is moving aggressively to put in place 5G technology, which uses higher frequencies to speed wireless transmission. But 5G is expensive to install, and it faces widespread opposition in many municipalities and from some scientists, who say it entails health risks.
Mr. Wildstein’s fund holds Verizon debt, and he says the company may be overly dependent on its wireless network. It needs to diversify by acquiring a cable provider or media company, he said.
Robert Persons, a manager of the MFS Corporate Bond fund, is also concerned about Verizon’s 5G expenditures. “We are monitoring that closely,” he said. With uncertainty and controversy overhanging the 5G rollout, he wonders: “Will it be worth the capital investment?”