Anterix signs $34.5M, 20-year spectrum deal with Tampa Electric for private LTE

Anterix Inc.

Tampa Electric gets exclusive use of 6 MHz of 900 MHz broadband spectrum in ~2,000 sq mi West Central Florida territory.
Initial term 20 years with two optional 10-year extensions (up to 40 years total).
$34.5 million prepayment for initial term due by mid-2025; ~$7M by end of FY2024, remainder after spectrum delivery.
Spectrum delivery begins FY2025; revenue recognition on straight-line basis starting FY2025.
Anterix expects to recognize revenue from TECO agreement starting fiscal year 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.