Anterix Partners with Oncor for Private Wireless Broadband

By Bobby Samwell • Wednesday, June 26 16:34 • Permanent Link

Anterix (NASDAQ: ATEX) has recently announced a significant agreement with Oncor Electric Delivery Company LLC, through which Oncor will acquire 900 MHz broadband from Anterix to deploy a private wireless broadband network throughout its service territory. This move will enable Oncor to transition to next-generation broadband for mission-critical data and voice services within its service territory, delivering enhanced resiliency, data transmission, and overall communication and operational intelligence.

Headquartered in Dallas, Oncor is a regulated electricity transmission and distribution business that serves over 4 million homes and businesses across Texas. The company operates the largest transmission and distribution system in the state, with more than 143,000 circuit miles of transmission and distribution lines.

Anterix's President and CEO, Rob Schwartz, expressed enthusiasm about the agreement, emphasizing its significance in addressing complex systems and expanding Anterix's nationwide network of utility networks. The agreement underscores the benefits of private LTE and signals Anterix's commitment to supporting energy resilience and reliability in the ERCOT market.

As the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States, Alaska, Hawaii, and Puerto Rico, Anterix is uniquely positioned to enable private wireless broadband solutions that support advanced communications capabilities for a cleaner, safer, and more secure energy future.

This agreement marks a significant development for both Anterix and Oncor, showcasing the growing importance of private wireless networks in the utilities sector and signaling a commitment to leveraging modernized grid solutions for the challenges utilities face today.

For more information about the Anterix-Oncor agreement, refer to the Anterix-Oncor agreement fact sheet in the investor information section of Anterix's website. As a result of these announcements, the company's shares have moved -0.7% on the market, and are now trading at a price of $31.02. If you want to know more, read the company's complete 8-K report here.

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