WASHINGTON – A coalition of utilities, trade associations and technology company Anterix (NASDAQ: NASDAQ: ), a company with a strong balance sheet showing more cash than debt and a current ratio of 3.59, recognized the Federal Communications Commission ( FCC (BME:)) efforts to propose a rule change that could expand the 900 MHz broadband spectrum. According to InvestingPro according to the data, Anterix is expected to post significant sales growth this year, despite currently trading near a 52-week low of $27.37. The Notice of Proposed Rulemaking (NPRM) proposes to increase bandwidth from 3 MHz by 3 MHz to 5 MHz by 5 MHz to meet the growing demand for secure wireless broadband networks from utilities and other businesses.
The FCC’s initiative, which will now enter the comment and response phase before a potential final order, is seen as a significant step toward improving the operation and security of the United States’ electric grid. The NPRM follows the FCC’s original 2020 decision to modify the 900 MHz rules, with the expansion idea considered premature at the time. With a market cap of $543 million and revenue growth of 97% over the past twelve months, Anterix appears to be positioned to capitalize on these regulatory developments.
Bobbi Harris, executive director of the Utility Broadband Alliance, praised the FCC for its commitment to improving network capabilities through private LTE networks enabled by 900 MHz broadband spectrum. Similarly, Robin Cohen, president and CEO of the Enterprise Wireless Alliance, highlighted the importance of additional spectrum for the development of modern wireless networks in various countries.
Chris Guttman-McCabe, chief regulatory and corporate communications officer at Anterix, expressed appreciation for the leadership shown by the FCC, including outgoing Chair Rosenworcel and incoming Chair Carr, in advancing a petition filed by organizations advocating for the private company broadband movement .
Key utilities supported the NPRM, citing the need for more bandwidth to support smart grid technologies and other bandwidth-intensive applications. The expanded 5/5 MHz broadband option is expected to provide additional capacity to modernize the network and improve cybersecurity and reliability for utility operations and customers.
This FCC decision is the culmination of support from more than thirty organizations, demonstrating the industry’s recognition of the need for a modern communications infrastructure to meet future challenges. The information in this article is based on a press release. For investors interested in a deeper analysis, InvestingPro offers comprehensive insights with 12 additional ProTips and a detailed Anterix research report, helping investors make informed decisions about this rising player in the utilities sector.
In other recent news, Anterix Inc. has reported significant developments in its financial health and strategic direction. The company recently appointed Tom Kuhn as the new Chairman of the Board of Directors, following the retirement of Morgan O’Brien. Kuhn, a utility industry veteran, is expected to drive growth and create value for Anterix stakeholders.
The company also reported strong financial results, with a cash reserve of more than $43 million and no debt. In its fiscal 2025 second quarter earnings call, Anterix highlighted a $3 billion pipeline of client opportunities and a commitment to increasing shareholder value through increased share repurchases.
Anterix also expressed optimism about the potential expansion of its spectrum capabilities and expected regulatory support from the FCC for enhanced LTE offerings. The company’s strategic priorities include driving spectrum transactions, strengthening customer relationships, and focusing on modernizing the U.S. electric grid through advanced 5G technology.
These recent developments reflect Anterix’s strong financial position and strategic initiatives aimed at driving growth and value for its stakeholders.
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