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.
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.
4RF announced FCC approval for its Aprisa LTE router to operate in Anterix Band 8 spectrum, enhancing private LTE networks for critical infrastructure. The device features high authorized power for better penetration and long-distance capabilities, making it suitable for utility applications. Key innovations include dual SIM support, built-in Wi-Fi, and robust security features. 4RF's products are currently utilized by major utilities in the U.S., enhancing operational efficiency and connectivity in challenging environments.
Anterix (NASDAQ: ATEX) has appointed Carlos Eduardo L'Abbate as Chief Technology Officer to spearhead the deployment of 900 MHz private broadband networks for utilities and critical infrastructure in the U.S. With experience from FirstNet Authority and Nextel International, L'Abbate aims to leverage Anterix's extensive spectrum holdings to modernize grid operations. This strategic move comes as Anterix announces its initial customer agreements, highlighting the company's commitment to serving critical infrastructure sectors.
Anterix Inc. (NASDAQ: ATEX) has appointed Mahvash Yazdi to its Board of Directors, effective February 18, 2021. Yazdi brings over 40 years of experience in the utility sector, information technology, and telecommunications, serving as the former senior vice president and CIO of Edison International. Her expertise includes cyber security and business transformation. Anterix Chairman Morgan O'Brien expressed confidence that Yazdi's background aligns perfectly with the company’s mission to provide private LTE communications networks amid grid modernization efforts in the utility sector.
Anterix (NASDAQ: ATEX) will announce its third-quarter fiscal 2021 financial results on February 8, 2021, after market close. A follow-up investor conference call is scheduled for 4:15 p.m. ET the same day, accessible via 888-267-2845 with conference code 515024. The call's replay will be available on Anterix's website. Anterix specializes in private broadband services, facilitating the modernization of critical infrastructure, and is the largest holder of licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico.
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