{"id":799874,"date":"2025-01-13T07:34:40","date_gmt":"2025-01-13T12:34:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/"},"modified":"2025-01-13T07:34:40","modified_gmt":"2025-01-13T12:34:40","slug":"lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/","title":{"rendered":"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix"},"content":{"rendered":"<h2>\n900 MHz Spectrum Purchase Builds Upon Original 2023 Agreement<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">WOODLAND PARK, N.J., Jan.  13, 2025  (GLOBE NEWSWIRE) &#8212; Anterix (NASDAQ: ATEX) and the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JXURq9r1YwffTCmTM7pmk9WAfXpNgXE8Sc-vwzrZl_HPlHIJMglRIvazysLOXN5F_QQosXEjFcdC9Fh5EhgE53oHsxRaOUSI8wzRUFG8p1c=\" rel=\"nofollow\" target=\"_blank\">Lower Colorado River Authority<\/a> announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA\u2019s ability to support future growth in Texas. This agreement builds upon LCRA\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mn8Eo48-TxKH9eZStFuMsPnn0mTVCGsuPlN44OqPUYLrSHk_A56VBJiDNWDu71crqC40UIlBJJ0QwVXlJsE3nP1XAB0tJ7fUOGvr6yKSAaOjw0kF6n-SB7Jmyq2MnSWMxpowzJc-6xRGj5mvvm0hHnGvGLSRyDi-C5anoo6XwlOnMeaIw566I6v2s1wn6X5JWmq6hd5XXerOhgDmCkpeE_0KsFDRpMMDIbiSwjL2haA=\" rel=\"nofollow\" target=\"_blank\">initial purchase<\/a> of 900 MHz licenses from Anterix announced in April 2023.<\/p>\n<p>Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colorado River, which provides water to more than 1.4 million people, and is one of the largest public power providers in Texas, supplying power to more than 30 retail electric cooperatives and municipalities. It also owns and operates more than 5,000 circuit miles of transmission lines and owns or operates more than 40 parks.<\/p>\n<p>LCRA\u2019s new 900 MHz broadband licenses will expand LCRA\u2019s LTE coverage to 34 additional Texas counties, building upon the 68 counties covered by the earlier agreement. This agreement will work toward expanding the reach of LCRA\u2019s private LTE network to provide long-term grid awareness, communications, and operational intelligence that will further advance grid resilience and support innovation within LCRA\u2019s service territory. It also will enhance LCRA\u2019s ability to serve external users of its network, including electric cooperatives, schools, and transit authorities.<\/p>\n<p>\u201cToday\u2019s follow-on agreement between Anterix and LCRA testifies to the power of the partnerships that the 900 MHz private network revolution has built across the utility sector,\u201d said Anterix President &amp; CEO Scott Lang. \u201cAs the first critical infrastructure operator to expand its 900 MHz wireless broadband network, LCRA welcomes the power of private LTE connectivity to transform its operations and help ensure a resilient energy future for its customers and communities. This transaction also highlights the growing scale and impact of 900 MHz private wireless networks for supporting the utility sector\u2019s journey toward a more reliable and secure energy future.\u201d<\/p>\n<p>Lang added, \u201cThe progress of this journey is particularly apparent in Texas, as LCRA\u2019s second spectrum transaction with Anterix means that, together with our other Texas utility partners, 93% of Texas counties will be served by 900 MHz private wireless broadband networks. Thanks to its growing potential to harness cross-sector utility use cases like mutual assistance and storm response, we believe that Texas may become a model for other regions of the country to see more capabilities of 900 MHz utility private LTE in action.\u201d<\/p>\n<p>LCRA Executive Vice President, Enterprise Resources Stephen Kellicker said, \u201cThe 900 MHz private LTE solution plays an important role in supporting LCRA\u2019s mission. Since LCRA\u2019s relationship with Anterix began, we have continued to identify additional ways to serve Texans using LTE. LCRA\u2019s private broadband network deployment is a significant element to help address our industry\u2019s challenges and help support the people and organizations in our service territory.\u201d<\/p>\n<p>\n        <strong>Shareholder Contact<\/strong>\u00a0<\/p>\n<p>Natasha Vecchiarelli \u00a0<br \/>Vice President, Investor Relations &amp; Corporate Communications \u00a0<br \/>Anterix\u00a0<br \/>973-531-4397 \u00a0<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=75tSM3nYBOLlqjQ46Ulnt1bptaZoBRSb9lm3H2z17ZIaqUd5vwjZ4cdZGToCugLT7wAmGRlI04M8YxK3hj9athuGwwQXVKRd9cHVVPO7YpjE4F9Lt-r9f1Y3NHtaumcL\" rel=\"nofollow\" target=\"_blank\"><u>nvecchiarelli@anterix.com<\/u><\/a>\u00a0<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p>Paul Gaige<br \/>Vice President<br \/>Burson<br \/>504-957-1434<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HBv6h_-qL2r0CKYe7RG6tb4E3PLqtGzFL3Qe0ART4NO1T3MjEgsYjUqPQkOSdTwjVwz5UnqoMZ0KZyQd8i7_4ZZnYGQ_Z-g39UyVuWke3CU=\" rel=\"nofollow\" target=\"_blank\">Paul.Gaige@burson.com<\/a><\/p>\n<p>\n        <strong>About Anterix<\/strong>\n      <\/p>\n<p>At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901\/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=q1NRyYkRdBfimfZF9lwVa96_gzsfQd8YMdp4bEZ1bFcFKTIb-1hL7ufjgPmcUwWis7hOsM3kUndsryPHiiCtjw==\" rel=\"nofollow\" target=\"_blank\">www.anterix.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>Certain statements contained in this press release, other than historical information, constitute forward-looking statements within the meaning of the Federal securities laws. Words such as \u201cbelieves,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201caims,\u201d \u201cpotential,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cconsidered,\u201d \u201clikely,\u201d \u201cestimate\u201d and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements include, but are not limited to, statements regarding: (i) Anterix\u2019s and LCRA\u2019s ability to negotiate and enter into agreements with incumbents to clear the 900 MHz Broadband Spectrum allocation in LCRA\u2019s service territories on a timely basis and on commercially reasonable terms; (ii) Anterix&#8217;s ability to qualify for and timely secure broadband licenses in LCRA\u2019s service territories; and (iii) Anterix&#8217;s ability to satisfy the other terms of its agreements with LCRA. Any such forward-looking statements are based on the current expectations of Anterix&#8217;s management and are subject to a number of risks and uncertainties that could cause Anterix&#8217;s actual future results to differ materially from its management&#8217;s current expectations or those implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) Anterix may not be successful in commercializing its spectrum assets to its targeted utility and critical infrastructure customers on a timely basis and on favorable terms; (ii) Anterix may be unable to secure broadband licenses from the FCC on a timely and cost-effective basis; (iii) Anterix has a limited operating history with its current business plan, which makes it difficult to evaluate its prospects and future financial results and its business activities, strategic approaches and plans may not be successful; and (iv) the value of Anterix&#8217;s spectrum assets may fluctuate significantly based on supply and demand, as well as technical and regulatory changes. These and other risk factors that may affect Anterix&#8217;s future results of operations are identified and described in more detail in Anterix&#8217;s most recent filings on Forms 10-K and 10-Q and in other filings that it makes with the SEC from time to time. These documents are available on Anterix&#8217;s website at www.anterix.com under the Investor Relations section and on the SEC&#8217;s website at www.sec.gov. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Except as required by applicable law, Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDI0MiM2Njg5MDg2IzIyNTYxNjA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NDJjNjk0ZDQtMGQxYi00YzEwLWJiNGMtMjEyN2QwZjVlMmE5LTEyNjc3MDk=\/tiny\/Anterix-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>900 MHz Spectrum Purchase Builds Upon Original 2023 Agreement WOODLAND PARK, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) &#8212; Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA\u2019s ability to support future growth in Texas. This agreement builds upon LCRA\u2019s initial purchase of 900 MHz licenses from Anterix announced in April 2023. Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colorado River, which provides water to more than 1.4 million people, and is one of the largest public power providers in Texas, supplying power to more than 30 retail electric cooperatives &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-799874","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"900 MHz Spectrum Purchase Builds Upon Original 2023 Agreement WOODLAND PARK, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) &#8212; Anterix (NASDAQ: ATEX) and the Lower Colorado River Authority announced today that LCRA has contracted with Anterix to purchase additional 900 MHz wireless broadband licenses from Anterix that will extend LCRA\u2019s ability to support future growth in Texas. This agreement builds upon LCRA\u2019s initial purchase of 900 MHz licenses from Anterix announced in April 2023. Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colorado River, which provides water to more than 1.4 million people, and is one of the largest public power providers in Texas, supplying power to more than 30 retail electric cooperatives &hellip; Continue reading &quot;Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-13T12:34:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDI0MiM2Njg5MDg2IzIyNTYxNjA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix\",\"datePublished\":\"2025-01-13T12:34:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/\"},\"wordCount\":1039,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMzMDI0MiM2Njg5MDg2IzIyNTYxNjA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\\\/\",\"name\":\"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix - 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This agreement builds upon LCRA\u2019s initial purchase of 900 MHz licenses from Anterix announced in April 2023. Created by the Texas legislature in 1934, LCRA manages the lower 600 miles of the Texas Colorado River, which provides water to more than 1.4 million people, and is one of the largest public power providers in Texas, supplying power to more than 30 retail electric cooperatives &hellip; Continue reading \"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-13T12:34:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDI0MiM2Njg5MDg2IzIyNTYxNjA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix","datePublished":"2025-01-13T12:34:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/"},"wordCount":1039,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzMDI0MiM2Njg5MDg2IzIyNTYxNjA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lower-colorado-river-authority-widens-wireless-communications-capabilities-with-additional-spectrum-licenses-from-anterix\/","name":"Lower Colorado River Authority Widens Wireless Communications Capabilities with Additional Spectrum Licenses from Anterix - 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