Anterix(US:ATEX)2023-02-18 09:41Anterix's Core Business and Strategy - Anterix aims to be the leading private wireless broadband solution provider for the utility sector[7, 48] - The company holds the largest amount of licensed 900 MHz spectrum in the U S (896-901/935-940 MHz), covering 312 million people and approximately 1 8 Billion MHz Pops[11, 13] - Anterix's 900 MHz spectrum offers better propagation, coverage, and reliability, supporting secure and resilient private LTE networks for utilities[20] Market Opportunity and Growth Drivers - The electric utility business is becoming more complex, requiring strategic technologies like private wireless broadband communications[8] - Nationwide grid modernization and increased cyber threats are driving demand for private LTE networks[16] - Utility industry capital expenditures are substantial, with $144 3 billion in 2011 and $140 3 billion in 2023, positioning Anterix in a large market[24] Business Model and Customer Engagement - Anterix targets investor-owned utilities (IOUs) as ideal customers due to their coverage of the U S population, strong credit, and growing interest in private networks[21] - The company has secured 4 customer contracts[29] - Anterix has a pipeline of potential customers representing over $3 billion in total contracted proceeds value and over 90% of the addressable market[33, 40] Ecosystem and Momentum - The Anterix ACTIVE Ecosystem Program includes 100+ companies, building a foundation for 900 MHz Private LTE networks[32] - Since receiving FCC rules in 2020, Anterix has demonstrated its ability to convert spectrum, educate the utility sector, monetize its spectrum asset, and build demand[28]