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.

Insights

Financial Analyst

Anterix's announcement of the $250 million AnterixAccelerator initiative represents a strategic offensive move to catalyze adoption of their 900 MHz private LTE networks in the utility sector. This investment commitment, representing approximately 35% of the company's market capitalization, signals management's confidence in their growth trajectory and market opportunity.

The initiative's structure reveals a sophisticated approach to market expansion. By offering dollar-for-dollar matching and customized commercial structures, Anterix is effectively lowering the initial capital barriers that have likely slowed utility adoption of private wireless networks. This cost-sharing approach maintains the company's revenue model while accelerating deployment timelines.

From a financial perspective, Anterix's disclosure of nearly $400 million in existing contracts and zero debt position provides important context for this investment. The debt-free balance sheet enables this significant capital allocation without introducing financial leverage risks, while the substantial contract backlog suggests healthy underlying business momentum.

The enthusiastic response from more than 15 utilities beyond existing customers indicates genuine market demand and validates the company's technology approach. Utilities face increasing pressure to modernize communications infrastructure for grid reliability, security, and integration of distributed energy resources – needs that Anterix's private LTE offerings directly address.

This initiative effectively positions Anterix to capitalize on their unique spectrum assets and ecosystem partnerships while potentially widening their competitive moat in the utility telecommunications market. By removing adoption barriers, the company appears poised to convert industry interest into accelerated contract growth and revenue realization.

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 $250 million. During discussions with participants, which included more than 15 utilities in addition to current Anterix customers and Anterix Active Ecosystem^® members, key aspects of the initiative were highlighted, including:

• 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 $400 million of contracts to deploy 900 MHz private wireless broadband networks, and zero debt. We are poised to accelerate the utility industry’s technological evolution.”

-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

What is the size of Anterix's (ATEX) new AnterixAccelerator investment initiative?

Anterix has committed up to $250 million for the AnterixAccelerator initiative to support utility companies in deploying 900 MHz private LTE networks.

How many utilities have shown interest in Anterix's (ATEX) new accelerator program?

More than 15 utilities, along with current Anterix customers and Anterix Active Ecosystem members, have shown interest in the AnterixAccelerator initiative.

What is the current contract value for Anterix's (ATEX) 900 MHz network deployments?

Anterix has nearly $400 million in contracts for the deployment of 900 MHz private wireless broadband networks.

How many utility customers and technology providers does Anterix (ATEX) currently have?

Anterix has seven leading utility customers and more than 120 technology and solution providers in its ecosystem.