other material
confidence medium
sentiment positive
materiality 0.50
Anterix sells 900 MHz spectrum license to Benton PUD for $13M; fact sheet shows $771K payment
Anterix Inc.
- Total contract price is $13M but fact sheet also states total payments of $771,000; first payment due within 30 days.
- 10 MHz 900 MHz license covers Benton County, WA, serving 58,000+ customers; first PUD private wireless in Pacific NW.
- Spectrum delivery expected within 18 months of execution, contingent on FCC broadband license grant.
- Deal underscores PUD adoption of private wireless; Anterix will provide platform including TowerX and CatalyX.