Anterix and Texas-New Mexico Power Announce 900 MHz Spectrum Sale Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy ATEX?
Anterix and Texas-New Mexico Power announced a 900 MHz spectrum sale agreement. This agreement enables TNMP to deploy a mission-critical private wireless network designed to strengthen grid reliability and support essential service improvements across its territory. Anterix's private wireless platform is available in the market now, providing utilities with a compelling cost-to-value proposition.
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Analyst Views on ATEX
Wall Street analysts forecast ATEX stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.110
Low
44.00
Averages
44.00
High
44.00
Current: 39.110
Low
44.00
Averages
44.00
High
44.00
About ATEX
Anterix Inc. is a wireless communications company, which is focused on commercializing its spectrum assets to enable its targeted utility and critical infrastructure customers to deploy private broadband networks and solutions. The Company holds licensed spectrum in the 900-megahertz (MHz) band (896-901/935-940 MHz) with nationwide coverage throughout the contiguous United States, Hawaii, Alaska, and Puerto Rico. The Company is focused on providing transformative broadband solutions for critical infrastructure industries and enterprises, including private wireless connectivity on 900 MHz spectrum and next-generation communications platforms. The Company owns licenses of the 399 channels in the 900 MHz band in approximately 20 metropolitan market areas in the United States. The Company is positioned to enable the private Long-Term Evolution (LTE) broadband solutions that support customer-controlled operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Anterix and TNMP Sign 900 MHz Spectrum Sale Agreement
- Spectrum Sale Agreement: Anterix has signed a 900 MHz spectrum sale agreement with Texas-New Mexico Power (TNMP), enabling TNMP to deploy a mission-critical private wireless network that enhances grid reliability and supports service improvements.
- Market-Ready Ecosystem: As a subsidiary of TXNM Energy serving over 280,000 homes and businesses, TNMP's choice of Anterix's established ecosystem mitigates risks associated with unproven alternatives, ensuring a scalable infrastructure foundation.
- System Resiliency Plan: TNMP's investment is a cornerstone of its 2025-2027 System Resiliency Plan, aimed at facilitating faster outage response, real-time monitoring of critical infrastructure, and seamless integration of advanced energy technologies to enhance service quality.
- Texas Grid Modernization: By joining a network of Texas utilities including LCRA, Oncor, and CPS Energy, TNMP reinforces the state's leadership in grid modernization, providing a scalable foundation for future developments.
See More
DHT Holdings Sees Surge in Options Trading Volume
- Surge in Options Volume: DHT Holdings Inc experienced an options trading volume of 54,953 contracts, equivalent to approximately 5.5 million shares, representing 80.3% of its average daily trading volume of 6.8 million shares over the past month, indicating strong market interest.
- High Strike Price Focus: Notably, the $19 strike call option expiring on April 17, 2026, saw 33,493 contracts traded today, representing about 3.3 million underlying shares, suggesting investor expectations for future price increases.
- Anterix Options Activity: In comparison, Anterix Inc recorded an options trading volume of 3,200 contracts, equivalent to approximately 320,000 shares, which is 77.1% of its average daily trading volume of 414,895 shares, reflecting active market engagement.
- Liquid Strike Price: The $45 strike call option for Anterix saw a trading volume of 1,944 contracts today, representing about 194,400 underlying shares, indicating optimistic sentiment among investors regarding the stock's future performance.
See More
Anterix Advances 900 MHz Broadband Network Development
- Bandwidth Expansion: The FCC's decision in February 2026 to expand 900 MHz broadband bandwidth from 6 MHz to 10 MHz not only enhances the performance and economics of private broadband networks but also makes utility-controlled communications more compelling for grid modernization, driving a structural shift in the industry.
- Market Demand and Execution: Anterix is adapting to market changes following regulatory updates, and while strong demand is driving deployments, the timing of clearing obligations and county-level license deliveries will directly impact cash flow and the realization of recurring economic benefits.
- New Product Launches: Anterix has introduced tower access services and a SIM management platform aimed at accelerating site acquisition and device activation, with management expecting these products to be immediately profitable with strong margins, thereby enhancing customer network stickiness.
- Contract Value and Cash Flow: Anterix's contract value stands at approximately $400 million, and with clearing costs expected to yield over $80 million in cash inflows, this will provide self-funding capacity for clearing and product rollout, although large utility procurement and deployment processes may elongate timelines.
See More
Surge in Options Volume for UnitedHealth Group and Cheniere Energy
- UnitedHealth Options Activity: Today, UnitedHealth Group (UNH) options volume reached 49,795 contracts, equivalent to approximately 5 million shares, representing 53.4% of its average daily trading volume over the past month, indicating strong investor interest in the stock.
- High Volume Insights: Within UNH, the $300 strike call option has seen particularly high activity, with 6,540 contracts traded today, representing about 654,000 shares, reflecting market expectations for future price increases.
- Cheniere Energy Options Dynamics: Concurrently, Cheniere Energy (LNG) options also showed robust activity, with a volume of 9,939 contracts, equivalent to approximately 993,900 shares, also accounting for 53.4% of its average daily trading volume over the past month, highlighting market attention on the company.
- Put Option Trading: For LNG, the $240 strike put option has recorded a trading volume of 2,087 contracts, representing about 208,700 shares, indicating a cautious stance among investors regarding potential future price declines.
See More
Anterix Expands Collaboration with Qualcomm to Accelerate 5G Adoption in Utilities
- Collaboration Expansion: Anterix's expanded collaboration with Qualcomm aims to accelerate next-generation connectivity for utilities and critical infrastructure, underscoring Anterix's leadership in private wireless connectivity platforms that enhance operational safety and resilience.
- New Chipset Development: The collaboration has led to the development of industrial-grade IoT chipsets optimized for utility use cases, enabling 4G and 5G connectivity on Anterix's 900 MHz broadband platform, which enhances distributed intelligence and operational visibility while improving communication resilience at the grid edge.
- Market Adoption: To date, eight utilities have selected Anterix-enabled private wireless as the foundation for next-generation grid connectivity, reflecting strong market demand and recognition for private wireless solutions, thereby driving the industry's digital transformation.
- Future-Proofing: This collaboration builds on the FCC's decision to expand the 900 MHz band, ensuring the long-term viability of private wireless adoption, which supports utilities in achieving smarter operations and stronger resilience, ultimately constructing a future-ready energy system.
See More
Anterix Q3 2026 Earnings Call Highlights
- Significant Cost Reduction: Anterix has successfully reduced operating expenses by 20% and accelerated the delivery of its 900 MHz broadband spectrum, achieving the highest number of licenses delivered in a single year, positioning the company for its first-ever positive GAAP net income and enhancing financial stability.
- Flagship Customer Growth: The company currently has 8 flagship customers with a total contract value of $400 million, demonstrating its market leadership in the 900 MHz spectrum and further solidifying Anterix's competitive advantage in the utility private wireless sector.
- New Product Launch and Strategic Appointment: The appointment of Ross Spero as Chief Product Officer is driving close collaboration with customers and ecosystem partners to ensure the product roadmap meets real-world operational needs, thereby increasing the value delivered per megahertz.
- Cash Flow Forecast Upgrade: CFO Marquez raised the projected cash proceeds for the current fiscal year from $100 million to $120 million, reflecting the company's confidence in future revenue growth while emphasizing the strategic significance of the $13 million contract with CPS Energy.
See More
Anterix and TNMP Sign 900 MHz Spectrum Sale Agreement
- Spectrum Sale Agreement: Anterix has signed a 900 MHz spectrum sale agreement with Texas-New Mexico Power (TNMP), enabling TNMP to deploy a mission-critical private wireless network that enhances grid reliability and supports service improvements.
- Market-Ready Ecosystem: As a subsidiary of TXNM Energy serving over 280,000 homes and businesses, TNMP's choice of Anterix's established ecosystem mitigates risks associated with unproven alternatives, ensuring a scalable infrastructure foundation.
- System Resiliency Plan: TNMP's investment is a cornerstone of its 2025-2027 System Resiliency Plan, aimed at facilitating faster outage response, real-time monitoring of critical infrastructure, and seamless integration of advanced energy technologies to enhance service quality.
- Texas Grid Modernization: By joining a network of Texas utilities including LCRA, Oncor, and CPS Energy, TNMP reinforces the state's leadership in grid modernization, providing a scalable foundation for future developments.
See More
DHT Holdings Sees Surge in Options Trading Volume
- Surge in Options Volume: DHT Holdings Inc experienced an options trading volume of 54,953 contracts, equivalent to approximately 5.5 million shares, representing 80.3% of its average daily trading volume of 6.8 million shares over the past month, indicating strong market interest.
- High Strike Price Focus: Notably, the $19 strike call option expiring on April 17, 2026, saw 33,493 contracts traded today, representing about 3.3 million underlying shares, suggesting investor expectations for future price increases.
- Anterix Options Activity: In comparison, Anterix Inc recorded an options trading volume of 3,200 contracts, equivalent to approximately 320,000 shares, which is 77.1% of its average daily trading volume of 414,895 shares, reflecting active market engagement.
- Liquid Strike Price: The $45 strike call option for Anterix saw a trading volume of 1,944 contracts today, representing about 194,400 underlying shares, indicating optimistic sentiment among investors regarding the stock's future performance.
See More
Anterix Advances 900 MHz Broadband Network Development
- Bandwidth Expansion: The FCC's decision in February 2026 to expand 900 MHz broadband bandwidth from 6 MHz to 10 MHz not only enhances the performance and economics of private broadband networks but also makes utility-controlled communications more compelling for grid modernization, driving a structural shift in the industry.
- Market Demand and Execution: Anterix is adapting to market changes following regulatory updates, and while strong demand is driving deployments, the timing of clearing obligations and county-level license deliveries will directly impact cash flow and the realization of recurring economic benefits.
- New Product Launches: Anterix has introduced tower access services and a SIM management platform aimed at accelerating site acquisition and device activation, with management expecting these products to be immediately profitable with strong margins, thereby enhancing customer network stickiness.
- Contract Value and Cash Flow: Anterix's contract value stands at approximately $400 million, and with clearing costs expected to yield over $80 million in cash inflows, this will provide self-funding capacity for clearing and product rollout, although large utility procurement and deployment processes may elongate timelines.
See More
Surge in Options Volume for UnitedHealth Group and Cheniere Energy
- UnitedHealth Options Activity: Today, UnitedHealth Group (UNH) options volume reached 49,795 contracts, equivalent to approximately 5 million shares, representing 53.4% of its average daily trading volume over the past month, indicating strong investor interest in the stock.
- High Volume Insights: Within UNH, the $300 strike call option has seen particularly high activity, with 6,540 contracts traded today, representing about 654,000 shares, reflecting market expectations for future price increases.
- Cheniere Energy Options Dynamics: Concurrently, Cheniere Energy (LNG) options also showed robust activity, with a volume of 9,939 contracts, equivalent to approximately 993,900 shares, also accounting for 53.4% of its average daily trading volume over the past month, highlighting market attention on the company.
- Put Option Trading: For LNG, the $240 strike put option has recorded a trading volume of 2,087 contracts, representing about 208,700 shares, indicating a cautious stance among investors regarding potential future price declines.
See More
Anterix Expands Collaboration with Qualcomm to Accelerate 5G Adoption in Utilities
- Collaboration Expansion: Anterix's expanded collaboration with Qualcomm aims to accelerate next-generation connectivity for utilities and critical infrastructure, underscoring Anterix's leadership in private wireless connectivity platforms that enhance operational safety and resilience.
- New Chipset Development: The collaboration has led to the development of industrial-grade IoT chipsets optimized for utility use cases, enabling 4G and 5G connectivity on Anterix's 900 MHz broadband platform, which enhances distributed intelligence and operational visibility while improving communication resilience at the grid edge.
- Market Adoption: To date, eight utilities have selected Anterix-enabled private wireless as the foundation for next-generation grid connectivity, reflecting strong market demand and recognition for private wireless solutions, thereby driving the industry's digital transformation.
- Future-Proofing: This collaboration builds on the FCC's decision to expand the 900 MHz band, ensuring the long-term viability of private wireless adoption, which supports utilities in achieving smarter operations and stronger resilience, ultimately constructing a future-ready energy system.
See More
Anterix Q3 2026 Earnings Call Highlights
- Significant Cost Reduction: Anterix has successfully reduced operating expenses by 20% and accelerated the delivery of its 900 MHz broadband spectrum, achieving the highest number of licenses delivered in a single year, positioning the company for its first-ever positive GAAP net income and enhancing financial stability.
- Flagship Customer Growth: The company currently has 8 flagship customers with a total contract value of $400 million, demonstrating its market leadership in the 900 MHz spectrum and further solidifying Anterix's competitive advantage in the utility private wireless sector.
- New Product Launch and Strategic Appointment: The appointment of Ross Spero as Chief Product Officer is driving close collaboration with customers and ecosystem partners to ensure the product roadmap meets real-world operational needs, thereby increasing the value delivered per megahertz.
- Cash Flow Forecast Upgrade: CFO Marquez raised the projected cash proceeds for the current fiscal year from $100 million to $120 million, reflecting the company's confidence in future revenue growth while emphasizing the strategic significance of the $13 million contract with CPS Energy.
See More
