Radio altimeter/radar altimeter — Airborne electronic devices capable of measuring the height of the aircraft above the terrain immediately below the aircraft.
They operate in the 4.2–4.4 GHz band. Use of the radio altimeter is integral to
terrain awareness and warning systems and to the
landing of aircraft during CAT 2/CAT 3 approaches, for example.
A move by the U.S. Federal Communications Commission (FCC) to allow 5G telecommunications systems to use the
3.7–3.98 GHz frequency spectrum presents a “major risk … of harmful interference” with radar altimeters on civil aircraft, according to new research by RTCA.
https://skybrary.aero/articles/radio-altimeter-interference
The concern is that there could be interference between the 3.7-3.98GHz band and 4.2-4.4GHz band. I think the FCC position is that there is enough 'space' between these bands. The airlines and manufacturers position is that there is not.
If I understand how the systems work,
the aircraft could stop receiving altimeter information. (I don't think they would get incorrect info, like showing the plane at 100' while it is actually at 50' or something like that. But I am not an expert in this, and I don't know exactly what would happen. In normal landings it shouldn't be much of an issue, but in foggy (low visibility) landings, it could be an issue.)
Any of you that are more knowledgeable please correct any info I may have incorrect.