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Federal 5G proposal hits major resistance

JOSEP LAGO/AFP/Getty Images

The telecom industry and policymakers of both parties quickly squelched a Trump administration proposal calling for the federal government to nationalize part of the U.S. wireless network after Axios published a leaked document outlining the idea.

Why it matters: The swift negative response significantly diminishes the chance of the plan — which White House officials actively discussed with others throughout January — getting off the ground. “Some of the commentary is, like, LOL kind of stuff,” said a congressional staffer, of the conversation around the memo. “The way it’s getting sent to me is more of an eye roll."