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.
Anterix (NASDAQ: ATEX) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, in San Francisco. CFO Tim Gray will engage in a fireside chat at 1:30 PM PT, accessible via a live webcast on Anterix's Investor Relations site. Investors can also arrange meetings throughout the day through their Morgan Stanley representatives. Anterix is focused on providing transformative private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the continental United States, including Hawaii, Alaska, and Puerto Rico.
Anterix Inc. (NASDAQ: ATEX) appointed Jeffery Altman, Founding Partner of Owl Creek Asset Management, to its Board of Directors, effective February 13, 2023. Altman brings extensive experience in enhancing shareholder value and has been a supporter of Anterix since 2014. He aims to expedite customer contract signings, which have affected the company's share price performance. Altman anticipates potential revenue opportunities exceeding $3 billion and will assess strategies including share buybacks and dividends to maximize shareholder returns. His focus will include evaluating strategic initiatives to further enhance Anterix's business objectives.
Anterix (NASDAQ: ATEX) will release its third quarter financial results for the fiscal year 2023 on February 9, 2023, after market close. Anterix's management will provide a business update on February 14, 2023, at 8:30 A.M. ET during an analyst and investor conference call. Participants can join the call by dialing 800-346-7359 and using conference code 465478. A replay will be available on the Investor Relations section of their website. Anterix focuses on delivering transformative private broadband for critical infrastructure sectors, holding the largest licensed spectrum in the 900 MHz band across the continental U.S., Hawaii, Alaska, and Puerto Rico.
Anterix (NASDAQ: ATEX) announced that CFO Tim Gray will present at the Oppenheimer 5G Summit on December 13 at 9:05 AM ET. This virtual event will allow investors to meet with Anterix management throughout the day. Interested investors can reach out to their Oppenheimer representative to schedule meetings. A live webcast and replay of the presentation will be accessible on the Anterix Investor Relations website. Anterix focuses on delivering private broadband solutions that modernize critical infrastructure across various sectors.
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