other material
confidence high
sentiment neutral
materiality 0.35
Anterix sells 900 MHz license to Texas-New Mexico Power for $3.2M
Anterix Inc.
- Total contract price $3.2M; $1.6M due 30 days after signing, $800K upon each of two delivery phases.
- Delivery of 6 MHz spectrum: Phase 1 (two 1.4x1.4 MHz channels) starts 2027; Phase 2 by Dec 31, 2028.
- Final payment contingent on FCC grant and assignment of broadband license to TNMP.
- Separate MOU to negotiate purchase of Anterix deployment accelerators (CatalyX, TowerX).
- TNMP joins nine utilities across 15 states using Anterix platform, including several in Texas.