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 (ATEX) drives innovation in private wireless broadband solutions for North America's critical infrastructure sectors. This news hub delivers essential updates on spectrum licensing agreements, grid modernization initiatives, and strategic partnerships shaping the utility communications landscape.
Access comprehensive coverage of Anterix's operational milestones including earnings disclosures, technology deployments, and regulatory developments. Our curated news collection enables investors to track progress in secure private LTE networks and 900 MHz spectrum utilization across utility markets.
Key updates include:
• Spectrum licensing agreements with energy providers
• Cybersecurity advancements for grid operations
• Strategic collaborations enhancing utility communications
• Financial performance and market expansion updates
Bookmark this page for centralized access to verified Anterix developments. Monitor how the company's unique spectrum assets support secure, resilient infrastructure networks across evolving energy markets.
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.
Anterix (NASDAQ: ATEX) will present at upcoming investor conferences in May 2024, including Sidoti, J.P. Morgan, and B. Riley. The company's CFO will participate in fireside chats and one-on-one meetings to engage with interested investors. The presentations will be accessible via live webcasts on the Anterix Investor Relations event website.
Anterix (NASDAQ: ATEX) is collaborating with EPRI, George Mason University, Southern Company, and Virginia Tech to explore cybersecurity technologies for critical energy infrastructure. The project, STAR TREC, aims to reduce cybersecurity risks by applying standards architectures.
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