In order to conserve battery life, the normal 'locator' signals sent out by mobile phones are at very low power. (Typically, not more than a few thousandths of a Watt). If there's a transmitter nearby, the signal is picked up and the transmitter sends back an acknowledgemet which effectively means "Message received. We know where you are". If, however, there's no transmitter in the immediate locality (so no acknowledgement is received), the phone tries again to establish contact, but this time using slightly increased power. Again, if there's no acknowledgement, the phone tries with yet more power. The maximum power that most phones will use is 5W, which is at least 100 times the normal power levels.
If someone is sitting in an aircraft, 6 miles above the Atlantic ocean, a phone will be unable to establish contact with any transmitter and will therefore continue to transmit 5W locator signal until the battery runs out. Although normal power' mobile phone signals aren't strong enough to interfere with aircraft electronics, 5W (in radio terms) is quite a high-powered signal. (Radio amateurs can transmit from the UK to the USA with 5W of power).
So, even though the owner of the phone isn't trying to make calls, a switched-on phone can still interfere with a plane's sensitive electronic circuits.
Chris