UPDATE 2-Majority of FCC backs Ligado plan for broadband network -sources [Reuters]
Delta Air Lines, Inc. (DAL)
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Source: Reuters
Majority of FCC backs Ligado plan for broadband network: sources WASHINGTON (Reuters) - A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks’ to deploy a low-power nationwide 5G network despite objections from the Defense Department and major U.S. airlines, two government officials told Reuters. FCC Chairman Ajit Pai on Thursday circulated a draft order to allow Ligado to use L-Band spectrum, for which it holds some licenses, which came under criticism from some federal agencies and powerful lawmakers. The L-Band is also used for Global Positioning System (GPS) and other navigation systems because the signals can penetrate cloud cover. The Pentagon also uses the band for military purposes. Bloomberg News reported the vote earlier. The vote will not be final until all members vote. Late Friday, Defense Secretary Mark Esper wrote on Twitter that the “Ligado proposal would needlessly imperil DoD GPS-dependent nationa
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- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Seaport Global Securities from $80.00 to $89.00. They now have a "buy" rating on the stock.MarketBeat
DAL
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- 1/13/26 - Miss
DAL
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- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DAL's page on the SEC website