Strong Customer Base and Strategic Asset Value
Anterix has a strong customer base and an asset value believed to be 10 times the current cost basis. The company is positioned to deliver for the industry and shareholders.
Momentum Toward 10 Megahertz Expansion
Anterix is making progress toward expanding to 10 megahertz, enhancing the foundation for critical infrastructure modernization and unlocking additional opportunities.
Launch of TowerX and CatalyX
Anterix launched TowerX, a tower optimization program, and CatalyX, a solution to accelerate the adoption of private networks. Together, these initiatives represent a $1 billion annual market opportunity.
Financial Performance and Gains
Anterix recorded a total gain of $71 million in the quarter, with $60 million from the exchange of licenses and $11 million from the sale and delivery of licenses. The company has $39 million in cash, no debt, and $114 million in contracted proceeds to be received.
Progress in Spectrum Monetization
85% of Anterix's spectrum is yet to be monetized, valued between $1.5 to over $4 billion. The company received $29 million in milestone payments and $19 million in accelerated payments.