Anterix (NASDAQ: ATEX) shares took on gains Wednesday. The Woodland Park, New Jersey-based company, claiming to be the leader in mission-critical private wireless broadband spectrum for utilities, and Texas-New Mexico Power (TNMP) today announced a 900 MHz spectrum sale agreement. This agreement enables TNMP to deploy a mission-critical private wireless network designed to strengthen grid reliability and support essential service improvements across its territory.
Anterix’s private wireless platform is available in the market now, providing utilities with a compelling cost-to-value proposition.
“For a utility like TNMP – a subsidiary of TXNM Energy serving over 280,000 homes and businesses – choosing an established, market-ready ecosystem reduces the risks of unproven alternatives and helps to ensure a more secure, scalable foundation capable of supporting any utility use case.”
As a cornerstone of its 2025-2027 System Resiliency Plan, TNMP's investment in this proven standard will facilitate faster outage response, real-time monitoring of critical infrastructure, and the seamless integration of advanced energy technologies.
TNMP joins a significant and growing network of Texas utilities – including LCRA, Oncor, Xcel Energy, and recently announced CPS Energy – that have prioritized secure, utility-controlled communications. This collective move cements the state’s leadership in grid modernization and provides a scalable foundation for the future. Nationwide, nine utilities now leverage
Anterix’s 900 MHz platform across 15 states, proving it is the only utility-focused network built to deliver both measurable operational results and a clear roadmap to 5G.
ATEX opened Wednesday higher by $1.50, or 3.9%, to $39.69.
