April 24, 2023License Purchase Agreement • April 24th, 2023 • Anterix Inc. • Telephone communications (no radiotelephone)
Anterix entered into a license purchase agreement to provide the Lower Colorado River Authority (“LCRA”) with 900 MHz broadband licenses for its 73,000 square mile service territory in central Texas (the “LCRA Agreement”) for total payments of $30 million plus the contribution of select LCRA 900 MHz narrowband spectrum. The Agreement will support LCRA’s deployment of a private LTE network which will provide a host of capabilities including grid awareness, communications and operational intelligence that will enhance resilience and spur innovation at LCRA. LCRA’s pursuit of a private LTE network highlights the benefits of this technology throughout the entire utility space.
