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 frequently in the news for its work in private wireless broadband and 900 MHz spectrum for utilities and other critical infrastructure sectors. The company’s announcements highlight its role as a connectivity partner for utilities, providing more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that support grid modernization and digital transformation.
News about Anterix often covers its financial results, with quarterly and annual earnings releases detailing spectrum revenue, gains on exchange and sale of spectrum-related intangible assets, investments in spectrum clearing, contracted proceeds from customers, and its pipeline of prospective contract opportunities. These releases are typically accompanied by information about analyst and investor conference calls.
Company updates also focus on new offerings and ecosystem developments. Anterix has announced solutions such as TowerX™, a tower optimization and access program to streamline 900 MHz private wireless network deployments, and CatalyX®, a SIM and eSIM management solution to help utilities deploy private wireless networks faster while using commercial broadband where needed. Additional news has described the AnterixAccelerator initiative and collaborations with ecosystem members to encourage adoption of 900 MHz private wireless networks.
Leadership and governance changes are another recurring theme in Anterix news, including appointments of senior executives, transitions in key roles, and changes in the company’s independent registered public accounting firm. Investors and observers who follow ATEX news can use this page to see how Anterix communicates its strategy, reports its results, and describes its progress in building private wireless broadband solutions for utilities and critical infrastructure.
Anterix (NASDAQ: ATEX) has announced the appointment of Scott Lang as President and CEO, effective by November 1, 2024. Lang, with over 30 years of experience in telecommunications and electric utilities, replaces Rob Schwartz, who is stepping down after a decade of leadership. Lang's background includes serving as CEO and Executive Chairman of Silver Spring Networks, Inc., where he positioned the company as an innovative leader in the utility sector before its sale to Itron in 2018.
Anterix's Executive Chairman, Morgan O'Brien, expressed optimism about the company's future and gratitude for Schwartz's contributions. Vice Chairman Tom Kuhn praised Lang's experience in the utility sector. Lang stated his eagerness to drive 900 MHz private wireless broadband throughout the utility sector, drawing parallels between Anterix's mission and his work at Silver Spring Networks.
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.