- Anterix Inc ATEX agreed to a long-term lease of its 900 MHz broadband spectrum throughout Evergy Inc's EVRG 28,130-square mile service territory in Kansas and Missouri.
- The lease agreement is for 20 years, with two 10-year renewal options. The financial terms of the deal remain undisclosed.
- Evergy plans to use Anterix's spectrum to deploy a private wireless broadband communications network using LTE technology to support its grid modernization initiatives.
- Evergy is the third utility in nine months to sign Anterix for access to its 900 MHz spectrum for private LTE, joining Ameren Corp AEE and San Diego Gas & Electric.
- Price Action: ATEX shares traded higher by 3.91% at $57.41 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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