--- the subscriber area has no ads and those above are not selected or endorsed by this site ---

Resonant and WiFi, plus Google & Clearway news +3

Mhz start end Standard(s)
26 902 928 802.11ah
72 2401 2473 802.11b/g/n/ax
35 3657.5 3692.5 802.11y
160 5170 5330 802.11a/h/j/n
160 5490 5650 802.11a/h/j/n
80 5650 5730 802.11a/h/j/n
80 5735 5815 802.11a/h/j/n
45 5850 5895 ^ new addition
1200 5925 7125 WiFi 6E
I wanted to get out a quick note before the close to wrap up news for the week...  The FCC has approved the use of the lower 45MHz of the 5.9GHz band for unlicensed applications.  This was expected, but not necessarily during the current administration.  While it is nothing compared the 1200MHz from the so-called 6GHz band that will triple the spectrum available for WiFi, it should see practical use sooner as it can be used with existing WiFi standards and enable a third 160MHz wide band, when combined with existing spectrum, per the simplified and somewhat US-centric table to the right.  The wider channels are something that the WiFi Alliance has been requesting for years.

I see Resonant as a primary beneficiary of this development because it moves up the timeline for new filter use a little, while we wait for the broader swath of spectrum to make its way through court objections from wireless carriers and WiFi-6E standards certifications, which aren't expected until early next year.  Over the longer term, Dish inching forward on its 5G from scratch plans can't hurt either.  As a reminder, and the new frequencies are right in the the wheelhouse for XBAR, but while Resonant has to do mobile through Murata for the next couple of years, non-mobile applications are a completely open opportunity for the company.  Lumen remains a secondary beneficiary in my eyes, as better WiFi drives demand for fiber to back it up. 

In the meantime, Resonant's sales in China, which just issued its first-ever negative interest debt, will remain important.  The state of national financing is in contrast with recent American developments, but that's not stopping Google from partnering with 11 banks to offer new Plex accounts in 2021.  I might not be the only person that doesn't want Google combining my payment and search histories, but I predict this will be a hit and a good move for the company, which likely has eye on cutting out the banks altogether toward the middle of the decade once the Fed implements European-style 24x7 instant payments.  We'll see how that proceeds with antitrust pressure under the new administration, though.  Google is finally adjusting other self-serving practices as pressure begins to bear down.  Look for maps to be the next casualty of competitive pressures as well.  Again, I'm hardly mainstream, but I plan to switch to a privacy-centric phone next year, which will probably rely on OSM.  At least Fitbit seems to be favoring Google Assistant with the latest version of its operating system, though it is also improving Alexa integration.

In other news, Clearway is spending $202M to more than double its stake in the Agua Caliente solar farm, resulting in a controlling interest.  Beginning in 1Q21 this should provide an extra $20M/year (almost 10 cents/share) in CAFD before financing for the remaining 19 years on the contract with PG&E.  Note that this was NOT on the pipeline detailed with the last report.

Everyone enjoy the next week's shortened trading due to Thanksgiving and stay safe, but look for more telecom news after the holiday as the C-band auction gets going!