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) is set to participate in the 2024 Annual Gateway Conference on September 4-5, 2024, at the Four Seasons Hotel in San Francisco. Chief Financial Officer Tim Gray will deliver a presentation on Wednesday, September 4, at 9:30 a.m. PT. The presentation will be available via live webcast and for later replay.
In addition to the scheduled presentation, Anterix management will engage in one-on-one meetings with interested investors and analysts during the event. This provides an opportunity for more in-depth discussions about the company's operations and future prospects. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
Anterix (NASDAQ: ATEX) reported its Q1 fiscal 2025 results, highlighting a new spectrum sale agreement with Oncor Electric Delivery Company for $102.5 million, with $10 million received in June 2024. The company's cash and cash equivalents stood at $51.7 million as of June 30, 2024. Anterix returned $2.0 million to stockholders through share repurchases and invested $5.4 million in spectrum clearing. The company also exchanged a narrowband license for a broadband license in one county, recording a $0.1 million gain. Anterix will hold an analyst and investor conference call on August 7, 2024, to provide a business update.
Anterix (NASDAQ: ATEX) has been selected as a solutions provider by NRTC, representing over 1,500 rural electric and telephone utilities across 48 states. The agreement allows Anterix to offer its 900 MHz spectrum and supporting platform of utility applications to NRTC's electric utility cooperative members. This collaboration aims to enable the deployment of private, secure, and resilient 900 MHz wireless networks for electric cooperatives, supporting grid modernization and clean energy initiatives.
The partnership complements NRTC's existing collaborations with Southern Linc, Ericsson, and others to provide mission-critical smart-grid network solutions. This agreement has the potential to significantly expand Anterix's nationwide network of utility networks, benefiting from the economies of scale and the 100+ technology innovators in the Anterix Active Ecosystem.
Ericsson (NASDAQ: ERIC) has announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ: ATEX) to deliver cutting-edge private network solutions to electric cooperatives across the United States. This partnership aims to provide reliable, resilient, and secure network infrastructure for modernizing grid infrastructure.
Key aspects of the collaboration include:
- NRTC augmenting its fiber capabilities with Ericsson's cellular and microwave technologies
- Southern Linc providing core hosting solutions
- Anterix offering 900 MHz spectrum and ecosystem access
- Enabling co-ops to construct, own, and maintain LTE/5G-ready sites
This initiative is set to revolutionize co-op communications, setting new standards for reliability and security in the digital age.
Anterix (NASDAQ: ATEX) has announced the release of its first-quarter financial results for fiscal year 2025, scheduled for Tuesday, August 6, 2024, after market close. The company will host an analyst and investor conference call on Wednesday, August 7, 2024, at 9:00 A.M. ET to provide a business update.
Interested parties can join the call by dialing 1-888-999-6281 (U.S.) or 1-848-280-6550 (international). A replay of the call will be available on the Investor Relations section of Anterix's website at https://www.anterix.com/events/.
Anterix (NASDAQ: ATEX) announced the nomination of nine candidates for its Board of Directors for the 2024-2025 period, comprising three new members: Scott Lang, William Heard, and Mark Fleischhauer, along with six returning directors. The new nominees bring significant experience in commercializing and scaling emerging technologies. Scott Lang, previously affiliated with Silver Spring Networks and Turvo, offers vast expertise in the utility and technology sectors. William Heard, CEO of Heard Capital , has a strong background in various sectors including telecommunications and energy. Mark Fleischhauer, formerly with Owl Creek Asset Management, has extensive experience in public equities and the telecommunications industry. The Board aims to enhance stockholder value and support Anterix’s growth in the energy sector. Further details are available in Anterix’s Proxy Statement on their investor relations website.
Anterix (NASDAQ: ATEX) will release its fiscal 2024 fourth-quarter financial results and file its 10-K for the year ending March 31, 2024, after the market closes on June 26, 2024. The results will be discussed during an analyst and investor call at 9:00 A.M. ET on June 27, 2024. The company will also provide a business update and discuss its recent agreement with Oncor Electric Delivery Company. Interested parties can join the call by dialing 833-816-1120 or 1-412-317-1861 for international callers. A replay will be available on Anterix's Investor Relations website.
Anterix (NASDAQ: ATEX) released its Q4 and full fiscal year 2024 results on June 26, 2024. The company reported positive cash flows, largely due to $106.5 million in contracted cash proceeds. Key highlights include a $34.5 million spectrum lease with a Florida utility, a $30 million spectrum sale with Lower Colorado River Authority, and a $7.4 million gain from transferring licenses to San Diego Gas & Electric. Anterix also exchanged narrowband for broadband licenses in several counties, resulting in a $35 million gain.
The company returned $24.7 million to shareholders via share repurchases and had $60.6 million in cash and equivalents as of March 31, 2024. In Q4, Anterix received a $16.8 million milestone payment from Xcel Energy and recorded a $2 million gain from license exchanges. Anterix will hold a conference call on June 27, 2024, to discuss recent developments.
Anterix announced a significant agreement with Oncor Electric Delivery Company. Under this deal, Oncor will acquire 900 MHz broadband spectrum from Anterix to deploy a private wireless broadband network across its service territory. This next-generation network aims to enhance Oncor's mission-critical data and voice services, improving resiliency and operational intelligence. Oncor is the largest electricity transmission and distribution system operator in Texas, serving over 4 million homes and businesses. The partnership is expected to bolster energy resilience and reliability in the ERCOT market.
On June 5, 2024, the Keystone Policy Center honored Rob Schwartz, President & CEO of Anterix (NASDAQ: ATEX), with its Leadership Award at a ceremony held at the National Museum of Women in the Arts in Washington, D.C. The award recognizes Schwartz's leadership and strategic collaboration in advancing private communications networks and modernizing the electric grid. Notable past recipients include influential figures such as the Hon. Willie Phillips and the Hon. Ernest Moniz. Schwartz accepted the award on behalf of Anterix and its utility partners, emphasizing their collective efforts in grid modernization through 900 MHz broadband communications.
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