other material
confidence high
sentiment positive
materiality 0.75
Anterix signs $102.5M spectrum agreement with Oncor; cash $51.7M; pipeline ~$3B
Anterix Inc.
- Executed $102.5M spectrum sale with Oncor Electric; $10M received in June 2024.
- Cash and equivalents $51.7M at June 30, 2024; $2.0M returned via share repurchases.
- Signed contracts total ~$375M; remaining pipeline ~$3B in prospective opportunities.
- 18 utilities above DI threshold representing ~$1B in potential contracted proceeds.
- Spectrum clearing investment $5.4M; gain on license exchange $0.1M.