Heading For New Highs? Anterix Inc (NASDAQ:ATEX) Reaches New LTE Technology Agreement

Anterix Inc (NASDAQ:ATEX) stock continues to trend higher on Thursday . The stock has been strong uptrend since last month.

Market Action

As of 8:55, ATEX stock is gaining by 2.10% to $49. So far more than 400 have exchanged hands.

Anterix, Motorola Solutions Announce Private LTE Technology Agreement

  • ATEX announced today that they have entered into an agreement to facilitate the deployment of private LTE networks by utility companies as part of the sector’s efforts to modernize the electric grid.
  • The collaboration follows last year’s announcement of Motorola Solutions’ Private Broadband for Critical Infrastructure platform, and the FCC’s Report & Order enabling the transitioning of the 900 MHz band to broadband. Motorola Solutions is also a charter member of the recently established Anterix Active Ecosystem Program that brings together technology innovators to support Anterix customers deploying and operating private LTE on 900 MHz. 
  • Motorola Solutions’ 900 MHz LTE broadband infrastructure includes the LXN 7900 radio access network and core to provide critical wide area coverage and long-range data communications. The system’s core can be hosted on-premise or in the cloud, and it can simultaneously control the company’s 900 MHz LTE network and its Nitroâ„¢ CBRS LTE network.

“Our low-band, licensed spectrum can provide utility companies with the ability to deploy a private LTE network platform that can deliver the advanced capabilities needed as well as the control necessary as they evolve to a more advanced grid,” said Anterix Chief Operating Officer Ryan Gerbrandt. “By working with Motorola Solutions to reduce the complexity and cost of deploying this private wireless broadband platform, Anterix is giving control back to the utility companies so that they can better serve their customers and communities.”

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