Anterix Sells Spectrum to Enable Benton PUD Private Network

Anterix ( (ATEX) ) has issued an announcement.

On April 21, 2026, Anterix announced that its subsidiary PDV Spectrum Holding Company agreed to sell a 10 MHz 900 MHz spectrum license to Public Utility District No. 1 of Benton County in Washington state, enabling what is described as the first private wireless broadband deployment among publicly owned utilities in the Pacific Northwest. The utility-owned network will support Benton PUD’s 927-square-mile service territory and more than 58,000 customers, aiming to enhance grid automation, workforce connectivity, outage detection, and resilience as PUDs increasingly join investor-owned utilities in adopting purpose-built private wireless networks, reinforcing Anterix’s position as a key connectivity partner to the utility sector.

The agreement also showcases Anterix’s broader platform strategy, which bundles its spectrum with services such as tower access, device lifecycle management, and integration through its partner ecosystem to shorten the path from license acquisition to operational networks. For stakeholders, the deal signals momentum for private wireless as foundational grid infrastructure and highlights growing demand among community-owned utilities for secure, utility-controlled broadband networks that can help meet clean energy and reliability obligations.

The most recent analyst rating on (ATEX) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Anterix stock, see the ATEX Stock Forecast page.

Spark’s Take on ATEX Stock

According to Spark, TipRanks’ AI Analyst, ATEX is a Neutral.

Overall score is driven primarily by financial performance: a very strong, low-debt balance sheet and improved TTM profitability are offset by negative and volatile cash flow and a recent revenue decline. Technicals are supportive with clear price strength above key moving averages and positive MACD. Earnings call commentary adds confidence via raised cash-proceeds guidance and OpEx reductions, while valuation remains less supportive due to a negative P/E and no dividend yield provided.

To see Spark’s full report on ATEX stock, click here.

More about Anterix

Anterix Inc., listed on Nasdaq as ATEX, operates in the critical infrastructure communications sector, providing private 900 MHz licensed wireless broadband spectrum and related intelligent infrastructure solutions to utilities across the U.S. Its offerings include secure private networks, tower access services, connectivity management platforms, and an ecosystem of more than 150 technology and infrastructure partners, targeting grid modernization, resilience, and digital transformation for utility customers.

Average Trading Volume: 395,986

Technical Sentiment Signal: Buy

Current Market Cap: $705.7M

For detailed information about ATEX stock, go to TipRanks’ Stock Analysis page.