secwatch.observer — SEC 8-K summary
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Issuer:     Anterix Inc. (ATEX)
CIK:        0001304492
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001304492-22-000034
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Anterix signs $80M prepaid 20-year spectrum lease with Xcel Energy across eight states
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- Xcel Energy prepays $80M for exclusive use of 6 MHz of 900 MHz broadband spectrum; initial 20-year term with two 10-year renewal options.
- Spectrum covers Xcel's service territory in CO, MI, MN, NM, ND, SD, TX, WI; delivery starts Q2 2023.
- Anterix expects to recognize revenue from the agreement starting fiscal year 2024, straight-line amortization as spectrum is delivered.
- Xcel to join Anterix's Utility Strategic Advisory Board and collaborate on private LTE trials and ecosystem development.
- Lease enables Xcel to deploy private LTE network for grid modernization serving 3.7M electric and 2.1M gas customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1304492/000130449222000034/0001304492-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1304492/000130449222000034/atex-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001304492-22-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer