Anterix Inc. announced a $13 million spectrum purchase agreement with CPS Energy, the largest community‑owned utility in Texas, to deploy a 900 MHz private wireless broadband network that will provide secure, real‑time connectivity for grid operations, outage detection, and field automation.
The agreement expands Anterix’s footprint to eight utilities across 15 states and will cover more than 93 % of Texas counties, positioning the company as a leading provider of interference‑free private LTE spectrum for utilities. The deal underscores the growing demand for dedicated spectrum as utilities modernize their grid infrastructure to support data‑center growth and smart‑grid applications.
For Anterix, the contract is a key milestone in its commercialization strategy, which aims to convert its $500 million+ pipeline into signed agreements. The $13 million value represents a significant new source of contracted proceeds and signals strong market acceptance of Anterix’s spectrum platform.
Analysts have noted that while the deal is a positive development, Anterix continues to face profitability challenges. The company’s recent earnings reports show operating losses and modest revenue growth, reflecting the high cost of spectrum acquisition and the need for continued investment in ecosystem partnerships. Management has emphasized the importance of cost discipline and strategic investments in high‑return verticals to sustain long‑term profitability.
The partnership also aligns with regulatory momentum, as the FCC has expanded 900 MHz broadband availability and encouraged utilities to adopt private wireless solutions. Anterix’s active ecosystem, including technology partners and a streamlined procurement framework, is expected to accelerate deployment and reduce time‑to‑market for utilities seeking to upgrade their grid communications.
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