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) has signed a 20-year agreement with Evergy (NYSE: EVRG) for the use of its 900 MHz broadband spectrum across Evergy's service area in Kansas and Missouri. This lease, with two 10-year renewal options, aims to enhance Evergy's grid modernization by deploying a private wireless broadband communications network utilizing LTE technology. The partnership follows similar agreements with other utilities, facilitating a collaborative approach to smart grid applications and efficient energy delivery.
Anterix and Federated Wireless announced a collaboration on Aug. 11, 2021, aimed at enhancing operational reliability for electric utilities through a new offering that combines Anterix's licensed 900 MHz broadband spectrum with Federated's shared spectrum services. This integrated solution is expected to provide utilities with a multi-band option for grid communications, ensuring extensive coverage and control. With Anterix's significant spectrum holdings and Federated's CBRS expertise, the partnership aims to accelerate innovation within the utility sector, enabling modernized infrastructure and improved security.
Anterix (NASDAQ: ATEX) held its virtual annual stockholder meeting on August 6, 2021, but it was adjourned due to technical difficulties with the hosting platform. The meeting will reconvene on the same day at 12 PM ET. Stockholders can participate through a live audio webcast, allowing them to vote and ask questions. Anterix focuses on providing private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico, aimed at modernizing critical infrastructure.
Anterix (NASDAQ: ATEX) will release its first quarter fiscal 2022 financial results after market close on August 11, 2021, followed by an investor conference call at 4:45 PM ET. Interested participants can join the call by dialing 888-267-2845 with conference code 512214. A replay will be available on Anterix's Investor Relations page.
Anterix is focused on providing private broadband solutions for critical infrastructure across various sectors, leveraging its position as the largest holder of licensed spectrum in the 900 MHz band.
Ericsson and Anterix are partnering to enhance private network models for utilities in the U.S. The FCC has certified the Ericsson Radio 2212/2012 for use in the 900MHz spectrum, supporting utilities' shift towards more secure and flexible infrastructures. This collaboration aligns with the global trend of digitizing operations to address rising cyber threats. Ericsson has experience with both large and small utilities in North America, facilitating a transition to 4G/LTE with a pathway to 5G.
Anterix (NASDAQ: ATEX) and Motorola Solutions (NYSE: MSI) have entered into an agreement to enhance private LTE networks for utility companies, aiming to modernize the electric grid. This collaboration builds on Motorola's existing Private Broadband for Critical Infrastructure platform and the FCC's transition of the 900 MHz band to broadband. Anterix's licensed spectrum will enable utilities to deploy advanced LTE networks, providing better service to customers. They are also assisting Xcel Energy in evaluating a private LTE solution for improved grid management.
Anterix (NASDAQ: ATEX) and Nokia (NYSE: NOK) have formed a partnership aimed at advancing the deployment of 900 MHz private LTE networks in the U.S. utility sector. Utilizing Anterix's licensed 900 MHz spectrum and Nokia's private LTE infrastructure, this collaboration seeks to enhance communication for utilities transitioning to more modern grids. The joint solution will leverage technologies like Nokia's Digital Automation Cloud and Modular Private Wireless, ensuring high-performance connectivity crucial for the digitalization and automation of utility operations.
Anterix (NASDAQ: ATEX) announced a virtual Investor Day scheduled for June 16, 2021, at 10:00 a.m. Eastern time. The event will showcase the company's strategic initiatives in providing private broadband networks using its 900 MHz spectrum, crucial for infrastructure and enterprises. An update on the fiscal year 2022 outlook will be provided. The fourth quarter and fiscal year results for the period ending March 31, 2021 will be released on June 15, 2021. The presentation will be accessible via a webcast on the Anterix investor relations page.
On May 10, 2021, Anterix (NASDAQ: ATEX) launched the Anterix Active Ecosystem Program in collaboration with 37 technology companies to promote private LTE at 900 MHz for the electric grid. The initiative aims to enhance the development of 900 MHz solutions, providing utilities with secure and resilient broadband options. With eleven FCC-granted Experimental Licenses, and contracts with Ameren and San Diego Gas & Electric, this program signals significant momentum in the utility sector's move towards private broadband.
4RF announced FCC approval for its Aprisa LTE router to operate in Anterix Band 8 spectrum, enhancing private LTE networks for utilities and critical infrastructure. This router delivers high penetration and long-distance capabilities, supporting dual SIMs for flexibility between private and public networks. It features built-in Wi-Fi and SFP transceiver support, designed for durability in harsh environments. With a focus on security and optimized performance, the Aprisa LTE caters to the growing demand for robust communication in sectors such as energy and telecommunications.
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