Anterix (ATEX) Spectrum Powers Oncor's Private Wireless Network

Core Insights - Anterix Inc. signed a $102.5 million agreement with Oncor Electric Delivery Company to acquire 900 MHz broadband spectrum for a private wireless broadband network [1][2] - The agreement aims to enhance Oncor's communication capabilities, improving grid awareness and operational intelligence [1] - Anterix's partnership with Oncor highlights the advantages of private LTE technology in the utility sector [1][2] Company Overview - Anterix is a premier wireless communications firm headquartered in Woodland Park, NJ, holding the largest licensed spectrum in the 900 MHz band across the U.S., Alaska, Hawaii, and Puerto Rico [3] - The company aims to monetize its spectrum assets to generate long-term value, particularly through collaborations with utilities managing complex systems [3] Industry Context - Oncor operates the largest electricity transmission and distribution system in Texas, serving over 4 million homes and businesses [2] - The collaboration is expected to bolster energy resilience and reliability within the Electric Reliability Council of Texas market [2] - The agreement includes the assignment of 6 MHz of broadband spectrum across 95 counties in Oncor's service territory, with expected completion by fiscal 2026 [2]