Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix
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) e l'Autorità del fiume Colorado Inferiore (LCRA) hanno annunciato l'acquisto da parte di LCRA di ulteriori licenze wireless broadband a 900 MHz, ampliando il loro accordo iniziale di aprile 2023. Le nuove licenze estenderanno la copertura LTE di LCRA a 34 contee del Texas in aggiunta alle 68 contee già coperte.
LCRA, istituita nel 1934, gestisce 600 miglia del fiume Colorado del Texas, servendo 1,4 milioni di persone con acqua e operando come fornitore di energia principale con oltre 5.000 miglia circuitali di linee di trasmissione. L'espansione della rete LTE privata migliorerà la consapevolezza della rete, le comunicazioni e l'intelligenza operativa, supportando al contempo utenti esterni come cooperative elettriche, scuole e autorità di trasporto.
Con questa espansione, insieme ad altri partner utility di Anterix, il 93% delle contee del Texas sarà servito da reti broadband wireless private a 900 MHz, potenzialmente stabilendo il Texas come modello per l'implementazione di LTE privata per le utility a livello nazionale.
Anterix (NASDAQ: ATEX) y la Autoridad del Río Colorado Inferior (LCRA) han anunciado la compra por parte de LCRA de licencias adicionales de banda ancha inalámbrica de 900 MHz, expandiendo su acuerdo inicial de abril de 2023. Las nuevas licencias extenderán la cobertura LTE de LCRA a 34 condados adicionales de Texas, sumando a los 68 condados ya cubiertos.
LCRA, establecida en 1934, gestiona 600 millas del río Colorado de Texas, sirviendo a 1.4 millones de personas con agua y operando como un importante proveedor de energía con más de 5,000 millas de circuitos de líneas de transmisión. La red LTE privada ampliada mejorará la conciencia de la red, las comunicaciones y la inteligencia operativa, apoyando a usuarios externos como cooperativas eléctricas, escuelas y autoridades de transporte.
Con esta expansión, junto con otros socios de servicios públicos de Anterix, el 93% de los condados de Texas será atendido por redes de banda ancha inalámbrica privada de 900 MHz, potencialmente estableciendo a Texas como un modelo para la implementación de LTE privada para servicios públicos a nivel nacional.
Anterix (NASDAQ: ATEX)와 로워 콜로라도 리버 당국(LCRA)은 LCRA가 추가로 900 MHz 무선 브로드밴드 라이센스를 구매했다고 발표했으며, 이는 2023년 4월의 초기 계약을 확장하는 것입니다. 새로운 라이센스는 LCRA의 LTE 커버리지를 68개 카운티에 더해 텍사스의 추가 34개 카운티로 확장합니다.
LCRA는 1934년에 설립되어 텍사스 콜로라도 강의 600마일을 관리하며 140만 명의 사람들에게 물을 공급하고, 5,000마일 이상의 송전선로를 운영하는 주요 전력 공급자로 활동하고 있습니다. 확장된 사설 LTE 네트워크는 전력망 인식, 통신 및 운영 정보를 향상시키고, 전기 협동조합, 학교 및 교통 당국과 같은 외부 사용자를 지원할 것입니다.
이번 확장으로 Anterix의 다른 유틸리티 파트너와 함께 텍사스 카운티의 93%가 900 MHz 사설 무선 브로드밴드 네트워크에 의해 서비스될 예정이며, 이는 텍사스를 전국적으로 유틸리티 사설 LTE 구현의 모델로 확립할 가능성이 있습니다.
Anterix (NASDAQ: ATEX) et l'Autorité du Bas Colorado (LCRA) ont annoncé l'achat par LCRA de licences supplémentaires de large bande sans fil de 900 MHz, élargissant leur accord initial d'avril 2023. Les nouvelles licences étendront la couverture LTE de LCRA à 34 comtés supplémentaires du Texas, s'ajoutant aux 68 comtés déjà couverts.
LCRA, fondée en 1934, gère 600 miles du fleuve Colorado au Texas, servant 1,4 million de personnes avec de l'eau et opérant en tant que fournisseur d'énergie majeur avec plus de 5 000 milles de lignes de transmission. Le réseau LTE privé élargi améliorera la sensibilisation au réseau, les communications et l'intelligence opérationnelle tout en soutenant des utilisateurs externes comme des coopératives électriques, des écoles et des autorités de transport.
Avec cette expansion, combinée avec d'autres partenaires d'Anterix, 93 % des comtés du Texas seront desservis par des réseaux sans fil privés à large bande de 900 MHz, établissant potentiellement le Texas comme un modèle pour l'implémentation de LTE privé pour les entreprises de services publics à l'échelle nationale.
Anterix (NASDAQ: ATEX) und die Lower Colorado River Authority (LCRA) haben den Kauf zusätzlicher 900 MHz-Funk-Breitbandlizenzen durch LCRA bekannt gegeben, wodurch ihr ursprünglicher Vertrag aus April 2023 erweitert wird. Die neuen Lizenzen werden die LTE-Abdeckung von LCRA auf 34 weitere texanische Landkreise ausweiten und bauen auf den zuvor abgedeckten 68 Landkreisen auf.
LCRA, gegründet im Jahr 1934, verwaltet 600 Meilen des Colorado River in Texas, versorgt 1,4 Millionen Menschen mit Wasser und fungiert als wichtiger Energieanbieter mit über 5.000 Meilen Übertragungsleitungen. Das erweiterte private LTE-Netzwerk wird das Bewusstsein für das Netz, die Kommunikation und die operationale Intelligenz verbessern, während es externe Nutzer wie Energiegenossenschaften, Schulen und Verkehrsbehörden unterstützt.
Mit dieser Erweiterung, zusammen mit anderen Anterix-Versorgungsunternehmen, werden 93 % der texanischen Landkreise von privaten drahtlosen Breitbandnetzen mit 900 MHz versorgt, was Texas potenziell zu einem Modell für die Implementierung privater LTE-Netzwerke für Versorger im ganzen Land macht.
- Expansion of coverage to 34 additional Texas counties, increasing total coverage to 102 counties
- Strategic growth in network coverage reaching 93% of Texas counties
- Enhanced service capabilities for external users including electric cooperatives, schools, and transit authorities
- Strengthened market position in critical infrastructure sector
- None.
Insights
This expanded spectrum license agreement with LCRA represents a strategic expansion of Anterix's footprint in Texas, now covering 93% of Texas counties through various utility partnerships. The deal's structure builds recurring revenue streams and strengthens Anterix's market position in critical infrastructure communications. While specific financial terms weren't disclosed, spectrum licensing typically generates high-margin revenue with minimal ongoing costs.
The expansion from 68 to 102 total counties demonstrates strong customer satisfaction and validation of Anterix's business model. This follow-on purchase suggests LCRA is seeing tangible benefits from their initial implementation, which could encourage other utilities to follow suit. The network effect potential is particularly notable - as more utilities adopt these private networks, the value proposition for cross-utility applications like mutual assistance becomes more compelling.
The deal showcases the growing adoption of private LTE networks in the utility sector, particularly in the valuable 900 MHz band which offers an optimal balance of coverage and capacity. LCRA's network expansion validates the technical advantages of this spectrum for utility applications - it provides superior building penetration and geographical coverage compared to higher frequency bands, while delivering enough bandwidth for modern grid applications.
Think of this spectrum like prime real estate - it's valuable because it's both scarce and ideally situated for its purpose. The expansion into 34 additional counties suggests LCRA is seeing strong technical performance from their initial deployment. This could accelerate the broader industry shift toward private wireless networks, potentially creating a network effect as more utilities join this "900 MHz revolution" for enhanced grid resilience and operational efficiency.
900 MHz Spectrum Purchase Builds Upon Original 2023 Agreement
WOODLAND PARK, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA’s ability to support future growth in Texas. This agreement builds upon LCRA’s initial purchase of 900 MHz licenses from Anterix announced in April 2023.
Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colorado River, which provides water to more than 1.4 million people, and is one of the largest public power providers in Texas, supplying power to more than 30 retail electric cooperatives and municipalities. It also owns and operates more than 5,000 circuit miles of transmission lines and owns or operates more than 40 parks.
LCRA’s new 900 MHz broadband licenses will expand LCRA’s LTE coverage to 34 additional Texas counties, building upon the 68 counties covered by the earlier agreement. This agreement will work toward expanding the reach of LCRA’s private LTE network to provide long-term grid awareness, communications, and operational intelligence that will further advance grid resilience and support innovation within LCRA’s service territory. It also will enhance LCRA’s ability to serve external users of its network, including electric cooperatives, schools, and transit authorities.
“Today’s follow-on agreement between Anterix and LCRA testifies to the power of the partnerships that the 900 MHz private network revolution has built across the utility sector,” said Anterix President & CEO Scott Lang. “As the first critical infrastructure operator to expand its 900 MHz wireless broadband network, LCRA welcomes the power of private LTE connectivity to transform its operations and help ensure a resilient energy future for its customers and communities. This transaction also highlights the growing scale and impact of 900 MHz private wireless networks for supporting the utility sector’s journey toward a more reliable and secure energy future.”
Lang added, “The progress of this journey is particularly apparent in Texas, as LCRA’s second spectrum transaction with Anterix means that, together with our other Texas utility partners,
LCRA Executive Vice President, Enterprise Resources Stephen Kellicker said, “The 900 MHz private LTE solution plays an important role in supporting LCRA’s mission. Since LCRA’s relationship with Anterix began, we have continued to identify additional ways to serve Texans using LTE. LCRA’s private broadband network deployment is a significant element to help address our industry’s challenges and help support the people and organizations in our service territory.”
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
Media Contact
Paul Gaige
Vice President
Burson
504-957-1434
Paul.Gaige@burson.com
About Anterix
At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.
Forward-Looking Statements
Certain statements contained in this press release, other than historical information, constitute forward-looking statements within the meaning of the Federal securities laws. Words such as “believes,” “anticipates,” “estimates,” “expects,” “intends,” “aims,” “potential,” “will,” “would,” “could,” “considered,” “likely,” “estimate” and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements include, but are not limited to, statements regarding: (i) Anterix’s and LCRA’s ability to negotiate and enter into agreements with incumbents to clear the 900 MHz Broadband Spectrum allocation in LCRA’s service territories on a timely basis and on commercially reasonable terms; (ii) Anterix's ability to qualify for and timely secure broadband licenses in LCRA’s service territories; and (iii) Anterix's ability to satisfy the other terms of its agreements with LCRA. Any such forward-looking statements are based on the current expectations of Anterix's management and are subject to a number of risks and uncertainties that could cause Anterix's actual future results to differ materially from its management's current expectations or those implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) Anterix may not be successful in commercializing its spectrum assets to its targeted utility and critical infrastructure customers on a timely basis and on favorable terms; (ii) Anterix may be unable to secure broadband licenses from the FCC on a timely and cost-effective basis; (iii) Anterix has a limited operating history with its current business plan, which makes it difficult to evaluate its prospects and future financial results and its business activities, strategic approaches and plans may not be successful; and (iv) the value of Anterix's spectrum assets may fluctuate significantly based on supply and demand, as well as technical and regulatory changes. These and other risk factors that may affect Anterix's future results of operations are identified and described in more detail in Anterix's most recent filings on Forms 10-K and 10-Q and in other filings that it makes with the SEC from time to time. These documents are available on Anterix's website at www.anterix.com under the Investor Relations section and on the SEC's website at www.sec.gov. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Except as required by applicable law, Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
FAQ
How many additional Texas counties will LCRA cover with the new Anterix (ATEX) spectrum licenses?
What percentage of Texas counties will be served by 900 MHz private wireless networks after this ATEX expansion?
What infrastructure does LCRA currently manage in Texas?
Who will benefit from LCRA's expanded private LTE network using ATEX spectrum?
When did LCRA first partner with Anterix (ATEX) for spectrum licenses?
