Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Anterix Inc.    ATEX


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Anterix : Compact of Southern States Urges Utilities to Deploy Private Broadband Networks for Grid Modernization

10/01/2020 | 03:30pm EST
Compact of Southern States Urges Utilities to Deploy Private Broadband Networks for Grid Modernization

Encourages Leveraging Utility Communications Infrastructure for Rural Broadband Internet Service and Endorses Coordination on Spectrum and Technology for Wireless Network Interoperability

Woodland Park, NJ - October 1, 2020-Anterix (NASDAQ: ATEX) announced its support for a resolution unanimously adopted today by the Southern States Energy Board (SSEB) at its '2020 Virtual Annual Business Meeting.' SSEB, a non-profit interstate compact created by federal law and comprised of 16 southern states, as well as the U.S. Virgin Islands and Puerto Rico, expressed its support for three propositions that it and Anterix believe are critical to the future of the U.S. electric utility industry.

'As a regional organization focused on innovations in energy and policy, SSEB is highly regarded and respected,' said Anterix President & CEO Robert Schwartz. 'SSEB's explicit recognition of the importance of private broadband networks to support the modern grid is powerful and insightful, but its statements with regard to rural broadband and interoperability among private wireless networks, and the benefits expected to flow from broad utility adoption, are truly visionary. Anterix applauds SSEB's leadership.'

Specifically, in the resolution sponsored by Representative Rocky Miller of Missouri, the SSEB:

  1. 'encourages the region's utilities to deploy private, cyber-secure broadband communications networks to support the … modern electric grid … ;'
  2. 'urges the region's utilities and Public Utility Commissions to encourage the use of infrastructure deployed for grid-management communications to also support consumer broadband services to rural homes and businesses;' and
  3. 'encourages the region's utilities that deploy private wireless broadband networks for grid-management communications to coordinate their planning, and Public Utility Commissions to facilitate such planning, to adopt a common spectrum band and technology for such networks to enable wireless network interoperability, increased functionality, and cost savings across the region.'

'As our utility partners delve into the many benefits of a 900 MHz private LTE broadband platform to support their grid modernization efforts, it is clear that the derived value may be exponentially enhanced with industry collaboration, to reap the significant scale and scope benefits of a comprehensive network-of-networks deployment,' said Schwartz. 'SSEB recognizes the substantial importance of utility 'middle mile' communications infrastructure to help provide broadband internet access to rural consumers.'

About Anterix

At Anterix (NASDAQ: ATEX), we are focused on delivering transformative private broadband that enables the modernization of critical infrastructure for the energy, transportation, logistics and other sectors of our economy. As the largest holder of licensed spectrum in the 900 MHz band, with nationwide coverage throughout the contiguous United States, Hawaii, Alaska and Puerto Rico, we are uniquely positioned to enable the solutions that support secure, resilient and customer-controlled operations.

Forward-looking Statements

Any statements contained in this press release that do not describe historical facts are forward-looking statements as defined under the Federal securities laws. Any such forward-looking statements are based on Anterix's current expectations and are subject to a number of risks and uncertainties that could cause its actual future results to differ materially from its current expectations or those implied by the forward-looking statements. These risks and uncertainties and other factors that may affect Anterix's future results of operations are identified and described in more detail in its filings with the Securities and Exchange Commission (the 'SEC'), including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the SEC on August 6, 2020. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, Anterix does not intend to update any of the forward-looking statements to conform these statements to actual results, later events or circumstances or to reflect the occurrence of unanticipated events.



Natasha Vecchiarelli

Director of Investor Relations & Corporate Communications


Hill+Knowlton Strategies

James Fuller

Executive Vice President



Anterix Inc. published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 19:29:02 UTC

© Publicnow 2020
All news about ANTERIX INC.
11/16ANTERIX : Fiscal 2Q Earnings Snapshot
11/16ANTERIX : Fiscal 2Q Earnings Snapshot
11/16ANTERIX INC. : Management's Discussion and Analysis of Financial Condition and R..
11/06ANTERIX : Announces Second Quarter Fiscal 2021 Investor Conference Call
11/03ANTERIX : Chris Guttman-McCabe Joins Anterix as Chief Regulatory and Communicati..
10/22ANTERIX : New York Power Authority Launches 900 MHz Private LTE Pilot
10/01ANTERIX : Compact of Southern States Urges Utilities to Deploy Private Broadband..
09/10ANTERIX : Announces Investor Update Call
09/02ANTERIX INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
09/02ANTERIX INC. : Change in Directors or Principal Officers, Financial Statements a..
More news
Financials (USD)
Sales 2021 0,94 M - -
Net income 2021 -56,8 M - -
Net cash 2021 76,5 M - -
P/E ratio 2021 -9,48x
Yield 2021 -
Capitalization 543 M 543 M -
EV / Sales 2021 499x
EV / Sales 2022 50,1x
Nbr of Employees 59
Free-Float 90,3%
Duration : Period :
Anterix Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANTERIX INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 65,00 $
Last Close Price 31,04 $
Spread / Highest target 222%
Spread / Average Target 109%
Spread / Lowest Target -3,35%
EPS Revisions
Robert H. Schwartz President, Chief Executive Officer & Director
Morgan Edward O'Brien Executive Chairman
Ryan Gerbrandt Chief Operating Officer
Timothy A. Gray Chief Financial Officer
Paul N. Saleh Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ANTERIX INC.-28.16%543
AT&T INC.-24.41%210 474
T-MOBILE US68.07%163 588
NTT DOCOMO, INC.27.55%120 071