Anterix To Lease 900 MHz Spectrum To Evergy For Kansas, Missouri

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.