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   Technology StocksSequans Stock Discussion

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From: MUDD14/4/2021 5:04:41 PM
2 Recommendations   of 206
Was checking the quantities available through Sequans distribution partners.
Normally the quantities available have been low. Typically between 5-100 units available depending on the product.
Richardson now has a quantity of 10,500 of the Skyworks/Sequans solutions on hand. This is a big increase over their historical quantities(100 or so) (I have checked inventory levels since Sequans announced their distribution partners)

Digikey has increased their inventory positions on most Sequans products.

Hopefully this deals us demand is starting to ramp especially for the Skyworks product.

Fingers crossed.

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From: GaryMi4/9/2021 11:31:49 AM
2 Recommendations   of 206
I queried Sequans IR based on a heads up from frmrVZguy.

Hi Gary, Probably simplest to copy the comment from an analyst on this topic. The impact to Sequans seems modest. See below

Battery Issue Drives Jetpack Recall

Reason for Report:

Industry Update

Verizon announced a voluntary recall off up to 2.5M Ellipsis Jetpack mobile hotspots related to a lithium ion battery issue which has resulted in overheating devices. While a software patch has mitigated near-term concerns, Verizon will work with customers to exchange Jetpacks for an Orbic Speed device. As a low-end device, most of these units were used to service the booming distance learning market in 2020, in our opinion. We believe impacted parties include the manufacturer of the Jetpack device Franklin Wireless (FKWL-NC), baseband supplier Sequans (SQNS-Buy), and Inseego (INSG-Neutral) who could see some overflow replacement demand in the current quarter. Importantly, SQNS bears no responsibility in the faulty device and we estimate current 2Q21 Jetpack related sales in the range of ~$1M.

Battery issue related to recall: Yesterday, Verizon announced a voluntary recall up to 2.5M Ellipsis Jetpack mobile hotspots shipped over the 2017-2021 time period (roughly 1.3M still in active service). Apparently, a faulty lithium ion battery has resulted in overheating, posing a fire and burn hazard. This occurs when the device remains plugged in while operational for an extended period of time. A software upgrade has mitigated the near-term risk, but Verizon has indicated plans to exchange Ellipsis devices with a similar low-end Orbic Speed hotspot. We note that much of the 2020 demand for this product had been driven by work from home (WFH) and distance learning initiatives precipitated by the COVID pandemic.Impacted parties: Impacted vendors from this recall include the device OEM, vendors within its supply chain, and potential replacement device OEMs as beneficiaries.Franklin Wireless: Franklin Wireless is the manufacturer of the Ellipsis Jetpack MobileHotspot. Again, the current issue appears to be related to a lithium ion battery overheating with extended use while plugged into an outlet. It is not clear if Franklin Wireless will provide replacement units. However, initial communications have indicated that the Jetpack device will be replaced by a similar model from private supplier Orbic. It is unclear if other low-end Franklin devices supplied to T-Mobile have been similarly impacted.

Sequans: Sequans is the baseband supplier to FKWL. We estimate that 2Q21 sales to FKWL for Verizon are ~$1M+ (Note: We estimate that sales via this channel peaked at $4-5M in the 3-4Q time frame). Importantly, after a huge run related to distance learning initiatives in 2020, our model reflects a return to more normalized levels going forward. Additionally, SQNS bears no responsibility related to the overheating issue. Furthermore, rapidly increasingly demand (sales pipeline and design wins) grew 20% from early Jan to mid-March is driven entirely by massive IoT demand (Cat M, Cat 1. Design wins up from $200M to $246M), not legacy Broadband.Inseego: While Verizon has specifically named Orbic as the device replacement for the Ellipsis Jetpack, we believe overflow volume could go to Inseego who offers a higher-end LTE mobile hotspot certified on the Verizon network.

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To: MUDD1 who wrote (154)4/10/2021 11:28:52 AM
From: MUDD1
1 Recommendation   of 206
RichardsonRFPD inventory of the Skyworks/Sequans product now stands at 1500 from 10500 a couple of day ago. Their original inventory was either a typo or someone bought 9000.
The have 2 lines of this SKU. One where you can buy in bulk (min 1500 units at a time) or another where you can buy them 1 at a time.

Time will tell

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From: MUDD14/15/2021 10:20:06 PM
   of 206
Digikey has stocked 2 new SKUs I haven't seen before. Quantity 50 each so not a big revenue boost
2 Thales (formerly Gemalto) Cat 1 Modules designed for Japan.

Maybe they existed before, (and probably did) but I wasn't aware they had a specific product for Japan
They mentioned that they were shipping worldwide since 2015.

Fingers crossed that things are picking up

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From: GaryMi4/16/2021 11:35:35 AM
   of 206
Sequans has FCC filing for a US variant of their GMO2S module, the GM02SA.

Based upon the list of supported bands it looks like it could be used by any of the carriers.

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From: frmrVZguy4/20/2021 4:24:58 PM
   of 206
Report: Withings & Huawei. FYI FWIW. An attempt at tech detente IMO to reach the export market and maybe gain adoption domestically. gsmarena.comHealth Mate by Withings is now part of Huawei AppGallery - news”
It seems risky due to the security macro.
Long, long ago there was a JV between Sequans and Huawei, 2010-ish IIRC.
Later, Nokia received an award from PRC’s reggies sort of a People’s Tech Hero Award 2015-ish IIRC and before the ALU buyout.
More recently Huawei showed interest in investing in French tech sectors biz with its in-country R&D office build.
If there is an effort with support of security SMEs at Thales to verify new-generation Security Zones in ARMH cores and add-on security chips and software integrity then perhaps this is an early preview of maturity.
Nokia still holds some % of Withings and I expect there is a high-level of communication and decision making in this, especially since AAPL seems to support Withings.

Just FYI & more :popcorn:

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From: GaryMi4/25/2021 5:01:03 PM
1 Recommendation   of 206
From which can be different from what financial news reports when citing "analyst expectations". Not holding my breath for a strong Q1, but hopeful for some positive commentary for the remainder of the year. May 22nd of 2017 the stock hit an intraday split adjusted price of $18.24 based upon positive statements by the company for future revenue. I'm hopeful for $10-$15 by the end of the year on a similar situation coming to fruition.

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To: GaryMi who wrote (160)4/27/2021 6:15:04 AM
From: w0z
1 Recommendation   of 206
Sequans Communications Announces First Quarter 2021 Financial Results

April 27, 2021

PARIS – April 27, 2021 – Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G chips and modules, today announced financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Summary Results Table:

(in US$ millions, except share and per share data)Q1 2021Q4 2020Q1 2020
Revenue$12.3 $15.8$8.8
Gross profit6.2 7.14.5
Gross margin (%)50.1 %45.1 %51.3 %
Operating loss(5.8)(5.4)(7.8)
Net loss(11.4)(11.3)(15.3)
Diluted earnings per ADS($0.33)($0.36)($0.64)
Non-IFRS diluted earnings per ADS (1)($0.15)($0.28)($0.36)
Weighted average number of diluted ADS34,664,779 31,044,76923,904,935
(1) See Use of Non-IFRS/non-GAAP Financial Measures disclosure on page 3

“First quarter revenue grew by 40% year-over-year driven by significant gains in Massive IoT. Sequans continued to see strong momentum in our product revenue pipeline and design wins, particularly from solid demand in Massive IoT.” said Georges Karam, CEO of Sequans. “On a sequential basis, our seasonally slower first quarter revenue was also impacted by supply chain constraints that delayed approximately $2 million of shipments, and the anticipated decline in demand for the modem we supply for the Verizon Jetpack. We continue to execute our long-term growth strategy on three fronts – continued growth in Massive IoT and CBRS IoT, expansion of our go-to-market channels, and ongoing development of our 5G product line. We remain committed to delivering our first 5G NR solution in 2022 and entering the next growth phase for our company.”

Q2 2021 Outlook

The following statement is based on management’s current assumptions and expectations and assumes no increase in the severity or duration of the COVID-19 pandemic. This statement is forward-looking and actual results may differ materially.

Despite the continued supply chain constraints for materials, and factoring in the risk related to the portable router business, management is targeting a 10% sequential increase in revenue.

First Quarter 2021 Financial and Operational Results Summary

Revenue for the first quarter was $12.3 million, a decrease of 22.0% compared to the fourth quarter of 2020 and an increase of 40.5% compared to the first quarter of 2020. The decrease from the prior fourth quarter was primarily due to the seasonally slower first quarter combined with delayed shipments related to supply chain constraints, while the increase in revenue year-over-year was primarily due to product shipments in the Massive IoT market.

Gross profit for the first quarter of 2021 was $6.2 million, a decrease from the prior quarter gross profit of $7.1 million and an increase from the prior year first quarter of $4.5 million. Gross margin for the first quarter of 2021 was 50.1% compared to 45.1% in the fourth quarter of 2020 and 51.3% in the first quarter of 2020. The sequential improvement in gross margin was primarily due to the increase in the product revenue mix from chip sales.

Operating loss was $5.8 million compared to $5.4 million in the fourth quarter of 2020 and $7.8 million in the first quarter of 2020. The year-over-year decline in operating loss was primarily due to the increase in revenue and a slight reduction in operating expenses.

Net loss was $11.4 million, or ($0.33) per diluted ADS, compared to $11.3 million, or ($0.36) per ADS, in the fourth quarter of 2020 and $15.3 million, or ($0.64) per ADS, in the first quarter of 2020.Net loss in the first quarter of 2021 includes a non-cash charge resulting from the change in the remaining embedded derivative fair value associated with the Company’s convertible notes, which includes the change in value of the tranches of convertible notes converted through their conversion dates, partially offset by a foreign exchange gain related to the revaluation of euro liabilities in the quarter.

Non-IFRS Net loss and diluted loss per ADS: Excluding the non-cash stock-based compensation, the non-cash impact of the fair-value and effective interest adjustments related to the convertible debt with embedded derivatives and other financings, the non-cash impact of convertible debt amendments, and deferred tax benefit or expense related to the convertible debt and other financings, non-IFRS net loss was $5.1 million, or ($0.15) per ADS, compared to $8.5 million, or ($0.28) per ADS in the fourth quarter of 2020, and $8.7 million, or ($0.36) per ADS, in the first quarter of 2020. The non-IFRS net loss includes foreign exchange gain of $1.4 million, or $0.04 per ADS, in the first quarter of 2021, versus a foreign exchange loss of $1.9 million, or ($0.06) per ADS, in the fourth quarter of 2020 and a foreign exchange gain of $0.7 million, or $0.03 per ADS, in the first quarter of 2020.

Cash: Cash, cash equivalents and short-term deposits at March 31, 2021 totaled $13.5 million compared to $18.5 million at December 31, 2020. The balance at March 31, 2021 excludes the $50 million of proceeds from the hybrid equity and convertible debt financing closed on April 9, 2021 and the $1.7 million in proceeds from a government grant received April 1, 2021, as well as the repayment of $18.8 million in convertible notes and other debt on April 14, 2021 and April 15, 2021.

Conference Call and Webcast

Sequans plans to conduct a teleconference and live webcast to discuss the financial results for the first quarter of 2021 today, April 27, 2021 at 8:00 a.m. ET /14:00 CET. To participate in the live call, analysts and investors should dial 877-407-0792 or +1 201-689-8263 if outside the U.S. When prompted, provide the event title or access code: 13718024. A live and archived webcast of the call will be available from the Investors section of the Sequans website at An audio replay of the conference call will be available until May 11, 2021 by dialing toll free 844-512-2921 or +1 412-317-6671 from outside the U.S., using the following access code:13718024.

Forward Looking Statements

This press release contains projections and other forward-looking statements regarding future events or our future financial performance and potential financing sources. All statements other than present and historical facts and conditions contained in this release, including any statements regarding future results of operations and financial positions, business strategy and plans, expectations for Massive IoT and Broadband and Critical IoT sales, the impact of the coronavirus on our manufacturing operations, supply chain, and on customer demand, the impact of component shortages and manufacturing capacity, and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We undertake no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not rely on or place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. In addition to the risk factors contained in our Form 20-F for the fiscal year ended December 31, 2020, some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold, (ii) unexpected increases in our expenses, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to enter into and execute on strategic alliances, (x) our ability to meet performance milestones under strategic license agreements, (xi) the impact of natural disasters on our sourcing operations and supply chain, (xii) the impact of the coronavirus on the ability to operate our business and research, production of our products or demand for our products by customers whose supply chain is impacted or whose operations have been impacted by government shelter-in-place or similar orders, (xiii) our ability to raise debt and equity financing, and (xv) other factors detailed in documents we file from time to time with the Securities and Exchange Commission.

Use of Non-IFRS/non-GAAP Financial Measures

To supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash stock-based compensation and the non-cash impacts of convertible debt amendments, effective interest adjustments related to the convertible debt with embedded derivatives and other financings, and deferred tax benefit or expense related to the convertible debt and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for IoT devices. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia 4G Cat 4/Cat 6 and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.

Visit Sequans online at;;

Media Relations: Kimberly Tassin, +1.425.736.0569,

Investor Relations: Kimberly Rogers, +1 385.831-7337,

Condensed financial tables follow



Three months ended
(in thousands of US$, except share and per share amounts)March 31,
December 31, 2020March 31, 2020
Revenue :
Product revenue$8,548$12,064$5,501
Other revenue3,7733,7273,271
Total revenue12,321 15,791 8,772
Cost of revenue
Cost of product revenue5,6918,1833,897
Cost of other revenue452494373
Total cost of revenue6,143 8,677 4,270
Gross profit6,178 7,114 4,502
Operating expenses :
Research and development7,2547,9387,421
Sales and marketing2,2942,0032,264
General and administrative2,4602,6062,605
Total operating expenses12,008 12,547 12,290
Operating loss(5,830)(5,433)(7,788)
Financial income (expense):
Interest income (expense), net(2,711)(3,643)(3,491)
Change in fair value of convertible debt derivative(4,090)111(5,621)
Foreign exchange gain (loss)1,358(1,936)675
Loss before income taxes(11,273)(10,901)(14,826)
Income tax expense (benefit)147361443
Attributable to :
Shareholders of the parent(11,420)(11,262)(15,269)
Minority interests
Basic loss per ADS($0.33)($0.36)($0.64)
Diluted loss per ADS($0.33)($0.36)($0.64)
Weighted average number of ADS used for computing:
— Basic34,664,77931,044,76923,904,935
— Diluted34,664,77931,044,76923,904,935



At March 31,At Dec 31,
(in thousands of US$)20212020
Non-current assets
Property, plant and equipment$9,086$9,187
Intangible assets27,77125,312
Deposits and other receivables3,303588
Other non-current financial assets369386
Total non-current assets40,52935,473
Current assets
Trade receivables7,07817,277
Contract assets496371
Prepaid expenses1,190962
Other receivables7,7283,264
Research tax credit receivable5,2245,110
Short-term deposits10,900
Cash and cash equivalents13,4867,574
Total current assets39,82351,683
Total assets$80,352 $87,156
Issued capital, euro 0.02 nominal value, 141,774,810 shares authorized, issued and outstanding at March 31, 2021 (133,934,090 shares at December 31, 2020)$3,459$3,269
Share premium288,714276,560
Other capital reserves53,22346,677
Accumulated deficit(374,629)(363,209)
Other components of equity(466)(423)
Total equity(29,699)(37,126)
Non-current liabilities
Government grant advances, loans and other liabilities14,54811,203
Venture debt6382,172
Convertible debt16,10226,074
Convertible debt embedded derivative9,95112,395
Lease liabilities4,0924,762
Trade payables646851
Deferred tax liabilities2019
Contract liabilities5992,397
Total non-current liabilities48,61361,747
Current liabilities
Trade payables14,71615,701
Interest-bearing receivables financing11,02614,228
Venture debt5,9646,104
Lease liabilities1,2021,014
Government grant advances and loans6,1343,867
Contract liabilities12,89413,145
Other current liabilities and provisions9,5028,476
Total current liabilities61,43862,535
Total equity and liabilities$80,352 $87,156



Three months ended March 31,
(in thousands of US$)20212020
Operating activities
Loss before income taxes$(11,273)$(14,826)
Non-cash adjustment to reconcile income before tax to net cash from (used in) operating activities
Depreciation and impairment of property, plant and equipment8751,015
Amortization and impairment of intangible assets1,8951,180
Share-based payment expense1,160667
Increase in provisions4152
Interest expense, net2,7343,491
Change in the fair value of convertible debt embedded derivative4,0905,621
Convertible debt amendment(1,399)
Foreign exchange loss (gain)(1,115)(545)
Bad debt expense18
Working capital adjustments
Decrease (Increase) in trade receivables and other receivables10,141(1,669)
Decrease in inventories1,604518
Decrease (Increase) in research tax credit receivable380(490)
Increase in trade payables and other liabilities2081,402
Decrease in contract liabilities(2,812)(2,574)
Increase (Decrease) in government grant advances1,390(110)
Income tax paid(120)(76)
Net cash flow provided by (used in) operating activities9,198 (7,725)
Investing activities
Purchase of intangible assets and property, plant and equipment(3,610)(943)
Capitalized development expenditures(2,279)(1,431)
Purchase of financial assets(2,698)(28)
Decrease of short-term deposit10,900
Interest received2319
Net cash flow used in investments activities2,336 (2,383)
Financing activities
Proceeds from issue of warrants, exercise of stock options/warrants8727
Proceeds (Repayment of) from interest-bearing receivables financing(2,976)2,504
Proceeds from interest-bearing research project financing405
Payment of lease liabilities(448)(439)
Repayment of government loans(121)
Repayment of venture debt(1,460)(811)
Repayment of interest-bearing research project financing(181)
Interest paid(533)(537)
Net cash flows from financing activities(5,632)1,149
Net increase (decrease) in cash and cash equivalents5,902(8,959)
Net foreign exchange difference10(2)
Cash and cash equivalents at January 17,57414,098
Cash and cash equivalents at end of the period13,4865,137



(in thousands of US$, except share and per share amounts)Three months ended
March 31,
December 31, 2020March 31, 2020
Net IFRS loss as reported$(11,420)$(11,262)$(15,269)
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1)1,1601,172667
Non-cash change in the fair value of convertible debt embedded derivative4,090(111)5,621
Non-cash interest on convertible debt and other financing (2)1,0851,6631,294
Non-cash impact of deferred tax income (loss)398
Non-cash impact of convertible debt amendment(1,399)
IFRS basic loss per ADS as reported($0.33)($0.36)($0.64)
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1)$0.03 $0.04 $0.03
Non-cash change in the fair value of convertible debt embedded derivative$0.12 $0.00 $0.24
Non-cash interest on convertible debt and other financing (2)$0.03 $0.04 $0.05
Non-cash impact of deferred tax income (loss)$0.00 $0.00 $0.02
Non-cash impact of convertible debt amendment$0.00 $0.00 ($0.06)
Non-IFRS basic loss per ADS($0.15)($0.28)($0.36)
IFRS diluted loss per ADS($0.33)($0.36)($0.64)
Add back
Non-cash stock-based compensation expense according to IFRS 2 (1)$0.03 $0.04 $0.03
Non-cash change in the fair value of convertible debt embedded derivative$0.12 $0.00 $0.24
Non-cash interest on convertible debt and other financing (2)$0.03 $0.04 $0.05
Non-cash impact of deferred tax income (loss)$0.00 $0.00 $0.02
Non-cash impact of convertible debt amendment$0.00 $0.00 ($0.06)
Non-IFRS diluted loss per ADS($0.15)($0.28)($0.36)
(1) Included in the IFRS loss as follows:
Cost of product revenue$15$28$5
Research and development554647272
Sales and marketing217190124
General and administrative374307266
(2) Related to the difference between contractual and effective interest rates

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From: w0z4/27/2021 6:22:56 AM
   of 206
CBRS could be CRE ‘game changer’ post-COVID

It appears there will be plenty of supply when it comes to office space as businesses return to physical locations following the COVID-19 pandemic. But until demand matches that supply, commercial real estate landlords will need to find ways to make their buildings stand out as they fight for tenants. For now, Citizens Broadband Radio Service (CBRS) might be a key differentiator, Commercial Observer reports.

CBRS was officially authorized for commercial use in 2020. The wireless frequency band gives CRE owners a chance to have their own private in-building wireless network that’s faster and more secure than Wi-Fi. It could also deliver a faster path to upgrading an entire office building’s connectivity as well as deploying a 5G network.

Landlord Rudin Management Company has recognized CBRS’ in-building potential early. The company, in collaboration with technology partner Crown Castle, launched one of the first multi-tenant CBRS networks at its 345 Park Avenue building in New York.

“This exciting new technology goes beyond what was possible even a few years ago,” Michael Rudin, Senior Vice President at Rudin Management Company, the operating arm of Rudin Family holdings said in a statement. “The spectrum that this technology is based in is the wave of the future, and tenants and owners alike who rely on fast, reliable connectivity will need this in order to stay competitive.”

Rudin plans to enable some of its other properties with CBRS, including 80 Pine Street and 3 Times Square as part of its ongoing renovations, Commercial Observer reports. The firm will continue with “additional rollouts” through its portfolio.

Embracing CBRS makes sense for landlords, according to industry trade group OnGo Alliance. The wireless frequency is faster and more secure than Wi-Fi, and will likely be a key selling point for high-value tenants going forward. Companies and organizations in the technology, education, financial and next-generation manufacturing fields are just some of the types of tenants that will value an in-building wireless network that’s secure and fast.

For example, Virginia Tech deployed a private CBRS network at its main campus. Meanwhile, Dr. Juanyu Bu, vice president of mobility strategy at telecommunications firm CTS, noted that CBRS could support the next wave of smart parking solutions. Ericsson Executive Director Yunis Shahdad said installing CBRS systems could increase a CRE property’s value up to 20 percent at last year’s Connected Virtual Tech Event.

CBRS slowly entering CRE mainstreamIf not for the COVID-19 pandemic, CBRS might have made a bigger splash in the CRE industry after the Federal Communications Commission (FCC) approved it last January. The pandemic hit the U.S. two months later however and offices have been mainly vacant ever since. With employees working from home, many early tests were put on hold.

“People thought offices would be the most popular environment for this, but there haven’t been people in offices, Geoverse Vice President Jim Jacobellis told Commercial Observer. “The general consensus is that once COVID ends and people get back in buildings, the growth engine will be offices.”

The American Dream entertainment complex in East Rutherford, NJ, and the Dallas Love Field Airport have also put CBRS to work to improve their communications efficiency. CRE owners might find the technology appealing because it can be separated within a building so tenants can all have private networks. Meanwhile, when tenants use CBRS for high-priority purposes, the building’s Wi-Fi network is freed up for others, creating a better wireless tenant experience for everyone. CBRS can also be used to power smart building applications like security camera systems, lighting, thermostats and locks.

If there were a downside to CBRS, it would be the annual operating costs, which are nearly twice that of a traditional Wi-Fi system, Commercial Observer reports. Plus, not all mobile devices work with CBRS. However, the early adopters are confident that the system will be in high demand once tenants get to experience its benefits.

“You provide better service and you enhance the security of wireless networks,” Rudin Management Chief Operating Officer John Gilbert said. “I think it’s a game changer.”

Joe Dyton can be reached at

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To: w0z who wrote (161)4/27/2021 5:04:16 PM
From: The Ox
1 Recommendation   of 206
First quarter revenue grew by 40% year-over-year

Yeah, but diluted share count rose by 45%.

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