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 authorized a share repurchase program to buy back up to $50 million of its common stock over two years, reflecting strong business momentum and cash flow. CEO Rob Schwartz emphasized this program as a value-return strategy for shareholders. The timing and extent of repurchases will depend on factors such as market conditions and the company's financial position. Anterix had approximately $106 million in cash and equivalents as of June 30, 2021, with 18,116,430 shares outstanding as of July 31, 2021.
Anterix (NASDAQ: ATEX) has signed a 20-year agreement with Evergy (NYSE: EVRG) for the use of its 900 MHz broadband spectrum across Evergy's service area in Kansas and Missouri. This lease, with two 10-year renewal options, aims to enhance Evergy's grid modernization by deploying a private wireless broadband communications network utilizing LTE technology. The partnership follows similar agreements with other utilities, facilitating a collaborative approach to smart grid applications and efficient energy delivery.
Anterix and Federated Wireless announced a collaboration on Aug. 11, 2021, aimed at enhancing operational reliability for electric utilities through a new offering that combines Anterix's licensed 900 MHz broadband spectrum with Federated's shared spectrum services. This integrated solution is expected to provide utilities with a multi-band option for grid communications, ensuring extensive coverage and control. With Anterix's significant spectrum holdings and Federated's CBRS expertise, the partnership aims to accelerate innovation within the utility sector, enabling modernized infrastructure and improved security.
Anterix (NASDAQ: ATEX) held its virtual annual stockholder meeting on August 6, 2021, but it was adjourned due to technical difficulties with the hosting platform. The meeting will reconvene on the same day at 12 PM ET. Stockholders can participate through a live audio webcast, allowing them to vote and ask questions. Anterix focuses on providing private broadband solutions, holding the largest licensed spectrum in the 900 MHz band across the contiguous U.S., Hawaii, Alaska, and Puerto Rico, aimed at modernizing critical infrastructure.
Anterix (NASDAQ: ATEX) will release its first quarter fiscal 2022 financial results after market close on August 11, 2021, followed by an investor conference call at 4:45 PM ET. Interested participants can join the call by dialing 888-267-2845 with conference code 512214. A replay will be available on Anterix's Investor Relations page.
Anterix is focused on providing private broadband solutions for critical infrastructure across various sectors, leveraging its position as the largest holder of licensed spectrum in the 900 MHz band.
Ericsson and Anterix are partnering to enhance private network models for utilities in the U.S. The FCC has certified the Ericsson Radio 2212/2012 for use in the 900MHz spectrum, supporting utilities' shift towards more secure and flexible infrastructures. This collaboration aligns with the global trend of digitizing operations to address rising cyber threats. Ericsson has experience with both large and small utilities in North America, facilitating a transition to 4G/LTE with a pathway to 5G.
Anterix (NASDAQ: ATEX) and Motorola Solutions (NYSE: MSI) have entered into an agreement to enhance private LTE networks for utility companies, aiming to modernize the electric grid. This collaboration builds on Motorola's existing Private Broadband for Critical Infrastructure platform and the FCC's transition of the 900 MHz band to broadband. Anterix's licensed spectrum will enable utilities to deploy advanced LTE networks, providing better service to customers. They are also assisting Xcel Energy in evaluating a private LTE solution for improved grid management.
Anterix (NASDAQ: ATEX) and Nokia (NYSE: NOK) have formed a partnership aimed at advancing the deployment of 900 MHz private LTE networks in the U.S. utility sector. Utilizing Anterix's licensed 900 MHz spectrum and Nokia's private LTE infrastructure, this collaboration seeks to enhance communication for utilities transitioning to more modern grids. The joint solution will leverage technologies like Nokia's Digital Automation Cloud and Modular Private Wireless, ensuring high-performance connectivity crucial for the digitalization and automation of utility operations.
Anterix (NASDAQ: ATEX) announced a virtual Investor Day scheduled for June 16, 2021, at 10:00 a.m. Eastern time. The event will showcase the company's strategic initiatives in providing private broadband networks using its 900 MHz spectrum, crucial for infrastructure and enterprises. An update on the fiscal year 2022 outlook will be provided. The fourth quarter and fiscal year results for the period ending March 31, 2021 will be released on June 15, 2021. The presentation will be accessible via a webcast on the Anterix investor relations page.
On May 10, 2021, Anterix (NASDAQ: ATEX) launched the Anterix Active Ecosystem Program in collaboration with 37 technology companies to promote private LTE at 900 MHz for the electric grid. The initiative aims to enhance the development of 900 MHz solutions, providing utilities with secure and resilient broadband options. With eleven FCC-granted Experimental Licenses, and contracts with Ameren and San Diego Gas & Electric, this program signals significant momentum in the utility sector's move towards private broadband.
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