Weekly Telecom Intelligence: October 11–17, 2026 This week delivered a regulatory shock and multiple strategic pivots that matter to every wholesale enabler. The Fifth Circuit vacated the Q4 2025 USF contribution factor and ruled the FCC exceeded authority by creating USAC, creating immediate uncertainty around roughly $8.5 billion in annual USF flows. AT&T agreed to sell its Mexico wireless business for $2.0 billion, reinforcing a U.S.-first capital focus and shifting cross-border wholesale dynamics. Vendor and technology moves from Ericsson, Verizon, and Altair underscore consolidation of private 5G into operator-aligned stacks, early 6G experimentation, and mainstreaming of direct-to-device satellite for IoT.