Anterix signs $30M spectrum license agreement with LCRA for 900 MHz broadband in Texas

Anterix Inc.

Agreement covers 68 counties and 30+ cities; total payment $30M plus contribution of select LCRA 900 MHz narrowband spectrum.
LCRA is first non-investor owned utility to deploy 900 MHz private LTE; will serve >100 external customers across 73,000 sq mi.
Payment schedule: 50% initial by July 2023, ~25% in 2024, remaining ~25% through 2026.
Spectrum delivery by county starting 2023, expected completion by 2026, contingent on FCC licensing and incumbent clearing.
Anterix and LCRA to collaborate on accelerating 900 MHz private network adoption in Texas and the Anterix Active Ecosystem.

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