Anterix is the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico. The company has an ecosystem of 125+ technology partners and is focused on licensed 900 MHz spectrum, private wireless deployments, and ecosystem solutions. Anterix has enabled private LTE deployments with seven utilities across fifteen states.
Cyborg Score Rationale
The company has $123 million in contracted proceeds with strong revenue visibility and a $3 billion pipeline of prospective contracts. Anterix has no debt and $29.5 million in cash as of December 31, 2025. However, profitability metrics show challenges with negative operating margins.
Top Insights
FCC unanimously adopted Report and Order on February 18, 2026 to expand 900 MHz broadband from 6 MHz to 10 MHz in 5x5 configuration, unlocking higher-capacity private broadband for mission-critical uses.
Company has $123 million in contracted proceeds with $80M+ expected in Q4 FY2026; exchanged narrowband for broadband licenses in 12 counties generating $0.8M gains.
Anterix expanded collaboration with Qualcomm on February 26, 2026 to deploy next-generation private wireless for utilities using Snapdragon SDX35-3 and SDX32-3 chipsets.
CPS Energy signed $13 million spectrum purchase agreement as first participant in AnterixAccelerator program; eight utilities now leverage 900 MHz spectrum across 15 states covering 93% of Texas counties.