Welcome to our dedicated page for Anterix news (Ticker: ATEX), a resource for investors and traders seeking the latest updates and insights on Anterix stock.
Anterix Inc (ATEX) drives innovation in private wireless broadband solutions for North America's critical infrastructure sectors. This news hub delivers essential updates on spectrum licensing agreements, grid modernization initiatives, and strategic partnerships shaping the utility communications landscape.
Access comprehensive coverage of Anterix's operational milestones including earnings disclosures, technology deployments, and regulatory developments. Our curated news collection enables investors to track progress in secure private LTE networks and 900 MHz spectrum utilization across utility markets.
Key updates include:
• Spectrum licensing agreements with energy providers
• Cybersecurity advancements for grid operations
• Strategic collaborations enhancing utility communications
• Financial performance and market expansion updates
Bookmark this page for centralized access to verified Anterix developments. Monitor how the company's unique spectrum assets support secure, resilient infrastructure networks across evolving energy markets.
Anterix (NASDAQ: ATEX) announced an expansion of its AnterixAccelerator™ initiative through collaboration with Ericsson, GE Vernova, and Nokia. These industry leaders are offering high-value incentives and bundled services to utilities implementing 900 MHz private wireless networks.
The AnterixAccelerator program, launched in March, aims to accelerate the adoption of private wireless networks for utility grid modernization. Over 15 leading utilities, along with existing Anterix customers and Anterix Active Ecosystem® members, are actively participating in this initiative.
The collaboration focuses on enhancing grid communications infrastructure, with GE Vernova offering incentives on MDS Orbit Gateway, Core, and RAN solutions, while Nokia provides LTE and 5G standards-based technology solutions. The initiative supports utilities in their digital transformation journey, emphasizing security, resilience, safety, and reliability in grid operations.
Anterix (NASDAQ: ATEX) has launched the AnterixAccelerator initiative with an investment of up to $250 million, targeting utility companies for private wireless broadband deployment. The program has garnered interest from over 15 utilities, along with current customers and ecosystem members.
The initiative features key aspects including dollar-for-dollar match, ownership terms, path to 5 MHz by 5 MHz, customized commercial structures, and Anterix White Glove Support. The company's current position includes seven utility customers, more than 120 technology and solution providers, nearly $400 million in contracts for 900 MHz private wireless broadband networks, and zero debt.
Anterix (NASDAQ: ATEX) released its Q3 fiscal 2025 results with several key developments. The company reported cash and cash equivalents of $28.8 million as of December 31, 2024, with an additional $7.6 million in restricted cash escrow deposits. The company maintains a strong financial position with no debt and approximately $147 million in contracted proceeds outstanding.
Recent transactions include a $1.0 million receipt from Ameren in October 2024 and $34.0 million from Oncor Electric Delivery Company in January 2025. The company plans a 20% reduction in operating expenses for fiscal 2026 and maintains a pipeline of approximately $3 billion in prospective contract opportunities across 60+ potential customers.
The company's share repurchase program, authorized for up to $250.0 million, has $229.6 million remaining as of December 31, 2024, following $4.4 million in repurchases during Q3. Additionally, Anterix announced Tom Kuhn's appointment as Executive Chairman and initiated a strategic review process in February 2025 following inbound interest in the company.
Anterix (NASDAQ: ATEX) has announced two major initiatives: engaging Morgan Stanley for a strategic review process following inbound interest in the company, and launching an industry engagement initiative to accelerate private wireless broadband deployment for utilities. The new initiative aims to review pricing, payment, and ownership terms, while exploring collaboration opportunities with strategic partners within Anterix's 120+ member ecosystem.
As the leading provider of private wireless broadband solutions for utilities, Anterix currently serves seven customers across fifteen states. The company, which maintains zero debt, will work with Morgan Stanley to evaluate strategic opportunities that benefit shareholders, customers, and employees. The timeline for the strategic review process remains open-ended, with no guaranteed outcomes.
Anterix (NASDAQ: ATEX) has scheduled its third quarter fiscal 2025 earnings conference call for Wednesday, February 12, 2025, at 9:00 a.m. ET. The company's senior management team, led by President and CEO Scott Lang, will present the quarterly results. The earnings press release will be issued after market close on Tuesday, February 11, 2025.
Participants who wish to join the live Q&A session must pre-register to receive a dial-in number and unique PIN. It is recommended to join 10 minutes before the call starts. The event will be webcast live on the Investor Relations section of Anterix's website, with a replay available afterward.
The Federal Communications Commission (FCC) has approved a Notice of Proposed Rulemaking (NPRM) to expand the 900 MHz broadband segment from 3 MHz by 3 MHz to 5 MHz by 5 MHz. This decision follows a petition from ten organizations, including utilities and Anterix (NASDAQ: ATEX).
The expansion aims to support growing demand for wide-area, private, and secure wireless broadband networks for utilities and critical infrastructure. Currently, enterprise organizations across 15 states are deploying modern wireless 900 MHz broadband networks. Major utilities including Ameren, Evergy, Lower Colorado River Authority, and Xcel Energy have endorsed the proceeding, highlighting the benefits of expanded bandwidth for grid modernization, enhanced cybersecurity, and reliability improvements.
Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority (LCRA) have announced LCRA's purchase of additional 900 MHz wireless broadband licenses, expanding their initial April 2023 agreement. The new licenses will extend LCRA's LTE coverage to 34 additional Texas counties, building upon the previous 68 counties covered.
LCRA, established in 1934, manages 600 miles of the Texas Colorado River, serving 1.4 million people with water and operating as a major power provider with over 5,000 circuit miles of transmission lines. The expanded private LTE network will enhance grid awareness, communications, and operational intelligence while supporting external users like electric cooperatives, schools, and transit authorities.
With this expansion, combined with other Anterix utility partners, 93% of Texas counties will be served by 900 MHz private wireless broadband networks, potentially establishing Texas as a model for utility private LTE implementation nationwide.
Anterix (NASDAQ: ATEX) announced utility industry veteran Tom Kuhn as Chairman of the Board of Directors, effective January 1st, replacing Morgan O'Brien who retires after more than 12 years with the Company. O'Brien, who served in roles including President, CEO, and Executive Chairman, will continue as an advisor. Kuhn, who joined Anterix's Board in January 2024, brings over thirty years of experience as President and CEO of the Edison Electric Institute (EEI), the trade association representing U.S. investor-owned electric utilities.
Anterix (NASDAQ: ATEX) announced its participation in Janney's 2nd Annual Clean Energy Investment Symposium in New Orleans. Chief Operating Officer Ryan Gerbrandt will join a panel discussion on December 5, 2024, from 2:30-3:20 p.m., focusing on the 900 MHz private wireless broadband revolution and its impact on utility infrastructure transformation. Vice Chairman Tom Kuhn will deliver keynote remarks on December 4 at 7:30 p.m. at the National WWII Museum, addressing strategic challenges and opportunities for utilities and critical infrastructure. The company will also host one-on-one meetings with investors during the event.
Anterix (ATEX) reported its Q2 FY2025 results with key financial highlights including $43.1 million in cash and cash equivalents, and a $7.5 million milestone payment received from Ameren The company has $168 million in contracted proceeds, with $110 million expected through fiscal 2026. Spectrum clearing costs were $5.5 million. The company maintains a pipeline of approximately $3 billion in prospective contract opportunities across 60+ potential customers. Anterix has no debt and holds $7.6 million in restricted cash balance. The company's share repurchase program has $234.0 million remaining through September 2026.
