Anterix (NASDAQ: ATEX) announced today that it has entered into an agreement with Oncor Electric Delivery Company LLC ("Oncor") under which Oncor will acquire 900 MHz broadband spectrum from Anterix necessary to deploy a private wireless broadband network throughout its service territory.
The new licenses will enable Oncor to move to next generation broadband for mission-critical data and voice services within Oncor across its service territory. The network will provide a host of capabilities that are expected to benefit Oncor and its customers, including enhanced resiliency, data transmission, and overall communication and operational intelligence.
Headquartered in Dallas, Oncor is a regulated electricity transmission and distribution business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest transmission and distribution system in Texas, delivering electricity to more than 4 million homes and businesses across a distribution service territory that has an estimated population of approximately 13 million and operating more than 143,000 circuit miles of transmission and distribution lines in Texas.
"Oncor is an exciting customer for Anterix," said Rob Schwartz, Anterix's President & Chief Executive Officer. "Not only does this agreement address another 'complex system,' but it also adds another utility to our nationwide network of utility networks. This agreement highlights the benefits of private LTE. We look forward to working with Oncor and other Texas utilities to support energy resilience and reliability in the ERCOT market."
For additional information about the Anterix-Oncor agreement, see the Anterix-Oncor Agreement Fact Sheet in the investor information section of Anterix's website.
Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
[email protected]
Media Contact
Paul Gaige
Vice President
Hill+Knowlton Strategies
504-957-1434
[email protected]
About Anterix
At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.