Anterix Unveils $250M AnterixAccelerator™
Rhea-AI Summary
Anterix (NASDAQ: ATEX) has launched the AnterixAccelerator initiative with an investment of up to $250 million, targeting utility companies for private wireless broadband deployment. The program has garnered interest from over 15 utilities, along with current customers and ecosystem members.
The initiative features key aspects including dollar-for-dollar match, ownership terms, path to 5 MHz by 5 MHz, customized commercial structures, and Anterix White Glove Support. The company's current position includes seven utility customers, more than 120 technology and solution providers, nearly $400 million in contracts for 900 MHz private wireless broadband networks, and zero debt.
Positive
- Secured $400 million in contracts for 900 MHz network deployments
- Zero debt on balance sheet
- Strong customer base with 7 leading utility customers
- Large ecosystem of 120+ technology and solution providers
- New $250 million investment initiative to accelerate growth
Negative
- None.
News Market Reaction
On the day this news was published, ATEX declined 3.13%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Strong Participation from More Than 15 Utilities, Plus Current Customers and Ecosystem Members
WOODLAND PARK, N.J., March 10, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX), the recognized market leader in private wireless broadband, has launched its highly anticipated AnterixAccelerator initiative with an investment of up to
- Dollar-for-Dollar Match
- Ownership Terms
- Path to 5 MHz by 5 MHz
- Customized Commercial Structures
- Anterix White Glove Support
“This initiative reflects our unwavering commitment to helping utilities overcome the barriers to deploying 900 MHz private LTE networks. The significant interest we’ve seen across the industry to join the AnterixAccelerator initiative underscores the urgent need for reliable, secure, and scalable private networks in the utility sector,” said Scott Lang, President & CEO of Anterix.
“With a quarter-billion-dollar commitment, we’re not just enabling the next wave of broadband deployments—we’re helping to ensure that more of our nation’s utilities can move forward to realize the value of these critical communications systems. Anterix’s extensive expertise, valuable 900 MHz spectrum asset, and strong device and solution ecosystem uniquely position us to lead the industry in making private wireless networks more accessible and more deployable for utilities nationwide.
“As the market leader we are well positioned to deliver on this exciting initiative. We have never been stronger, with seven leading utility customers, more than 120 technology and solution providers, nearly
-Scott Lang, Anterix President & CEO
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com
About Anterix
At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 120 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.
FAQ
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