Texas‑New Mexico Power (TNMP), a regulated subsidiary of TXNM Energy, entered into a $3.2 million agreement with Anterix to purchase 6 MHz of 900 MHz broadband spectrum. The sale will be delivered in phases beginning in 2027, with full delivery scheduled for December 31, 2028, and will provide TNMP with a dedicated spectrum band for a mission‑critical private wireless network.
The transaction is a cornerstone of TNMP’s 2025‑2027 System Resiliency Plan, which targets $545 million in investments to harden the grid, manage vegetation, mitigate wildfire risk, and secure cybersecurity. With a customer base of more than 280,000, TNMP is positioning itself to meet growing demand and regulatory requirements for system resiliency while supporting the integration of distributed energy resources.
Anterix, the largest holder of licensed 900 MHz spectrum in the United States, has built a private wireless platform that is already deployed by nine utilities across 15 states, including LCRA, Oncor, Xcel Energy, and CPS Energy. The FCC’s recent expansion of the 900 MHz band to 10 MHz has accelerated adoption, and the sale aligns with Anterix’s hybrid “sell‑and‑lease” strategy that generates immediate cash while retaining control of national spectrum.
The agreement requires an initial payment of $1.6 million, followed by milestone‑based payments tied to delivery and performance targets. It is contingent on Anterix clearing interference with incumbent users and securing the necessary FCC broadband licenses, ensuring regulatory compliance before spectrum transfer.
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 and CEO Scott Lang added, “This agreement reflects the clear market momentum toward a solution that is currently available and scalable. 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 spectrum sale strengthens TNMP’s ability to deploy a private LTE/5G network that will improve outage response, enable real‑time monitoring, and support the integration of renewable and distributed resources. It also reinforces TXNM Energy’s $6.5 billion capital plan for 2025‑2029, underscoring the company’s commitment to grid modernization and a clean‑energy transition.
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