Anterix Inc. (NASDAQ: ATEX) entered into a 900 MHz spectrum sale agreement with Texas‑New Mexico Power (TNMP), a subsidiary of TXNM Energy, on April 1 2026. The contract covers 6 MHz of broadband spectrum and is valued at $3.2 million. Payments will be made in phases, beginning in 2027 and concluding by December 31 2028, and are tied to milestone achievements, including the acquisition of FCC broadband licenses.
The agreement expands Anterix’s footprint in Texas and adds TNMP to a growing list of utilities—such as LCRA, Oncor, Xcel Energy and CPS Energy—that have adopted the company’s 900 MHz platform. By securing this contract, Anterix reinforces its transition from a spectrum seller to a platform‑based business, generating upfront cash and establishing a long‑term recurring revenue stream that aligns with its broader strategy to monetize spectrum assets.
TNMP President Neal Walker said, "Our customers depend on us for reliable power every day, and that responsibility is the driving force behind our 2025‑2027 System Resiliency Plan. By deploying Anterix's private wireless network, we are gaining the secure, utility‑controlled communications needed to achieve faster outage response and real‑time monitoring of our most critical infrastructure."
Anterix President & CEO Scott Lang added, "Utilities need secure, flexible solutions that work today, and by welcoming TNMP to the ranks of nine leading utilities already on this platform, we are reinforcing that 900 MHz is the proven national choice."
The deal comes on the heels of a February 18 2026 FCC ruling that opened the full 10 MHz of the 900 MHz band for broadband use. Anterix CEO Scott Lang noted, "Enabling broadband across the full 10 MHz of this band expands our opportunity to bring modern connectivity for any device that requires reliable, private, and secure communications. While this spectrum historically has been the bedrock for utilities, the expansion to 10 MHz signals a new era where 900 MHz is a foundational layer for all critical connectivity. The window of opportunity to secure this unique, high‑penetration spectrum is narrowing as more industries recognize that it is the only viable path to true operational sovereignty at scale."
The transaction also occurs amid broader industry momentum: nine utilities across 15 states now use Anterix’s 900 MHz platform, and the company’s ecosystem of over 150 technology partners supports rapid deployment. Additionally, TXNM Energy’s pending acquisition by Blackstone Infrastructure, valued at $11.5 billion and expected to close in the second half of 2026, may influence future infrastructure investments and further strengthen TNMP’s commitment to modernizing its grid communications.
revised_sentiment_rating
revised_sentiment_rating
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.