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. (NASDAQ: ATEX) is a premier wireless communications company dedicated to revolutionizing broadband infrastructure for critical industries across the United States, including energy, transportation, and logistics. Incorporated in 1997 and headquartered in Woodland Park, New Jersey, Anterix rebranded from PDVWireless, Inc. in August 2019, reflecting its mission to enable private LTE solutions through its extensive spectrum assets.
Anterix's unique value proposition lies in its exclusive ownership of licensed spectrum in the 900 MHz band (896-901/935-940 MHz), covering the contiguous United States as well as Hawaii, Alaska, and Puerto Rico. This strategic asset allows Anterix to offer robust, secure, and resilient private broadband networks tailored for utilities and critical infrastructure sectors.
The company's core service, Private LTE for utilities, facilitates the modernization of the power grid by automating processes, enhancing environmental monitoring, integrating artificial intelligence, and significantly boosting productivity. Anterix's solutions are pivotal in addressing the growing demands for secure, customer-controlled operations in a rapidly digitizing world.
Recent milestones highlight Anterix's commitment to growth and innovation. These include the first quarter fiscal 2024 results, demonstrating strong financial performance, and the authorization of a $250 million share repurchase program, reflecting robust shareholder value creation. Additionally, Anterix's partnership with Tampa Electric (TECO) exemplifies its expanding customer base and the long-term strategic agreements facilitating the deployment of 900 MHz broadband spectrum.
In collaboration with prominent entities such as EPRI, George Mason University, Southern Company, and Virginia Tech, Anterix is also at the forefront of enhancing cybersecurity for critical energy infrastructure. This initiative, supported by significant funding from the U.S. Department of Energy, underscores Anterix's role in pioneering resilient and secure grid solutions.
To learn more about Anterix's transformative solutions and join the movement towards a modernized, secure energy future, visit their website at www.anterix.com.
Anterix (NASDAQ: ATEX) announced a conference call on April 24, 2023, at 9:00 am ET to discuss its newly secured contract with the Lower Colorado River Authority. Interested participants can join the call via phone or register online. The call will also be accessible through a live audio webcast on Anterix's Investor Relations website. The company emphasizes its position as the largest holder of licensed spectrum in the 900 MHz band, providing transformative private broadband solutions for various sectors, including energy and transportation.
Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority (LCRA) have announced an agreement for LCRA to acquire 900 MHz broadband licenses from Anterix. This initiative will allow LCRA to build a wireless broadband network serving 68 counties and over 30 cities in its service area. LCRA aims to upgrade its existing 900 MHz narrowband system to a next-generation broadband system, enhancing data transmission and communication capabilities for both LCRA and over 100 external customers, including electric cooperatives and schools.
This marks a significant step as LCRA becomes the first non-investor owned utility in Texas to pursue this technology, highlighting Anterix's expanding market reach beyond investor-owned utilities.
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