Anterix announced it has engaged Morgan Stanley & Co. LLC as its financial advisor to support a formal strategic review process. This decision follows inbound interest in the company and aims to capitalize on the growing demand for private wireless broadband solutions in the utility industry.
Concurrently, Anterix launched a new industry engagement initiative designed to accelerate the deployment of 900 MHz private wireless broadband networks. This initiative will involve a significant review of pricing, payment, and ownership terms, as well as potential collaborations with strategic partners.
Scott Lang, President & CEO of Anterix, stated that the company is well-positioned with zero debt, a strong customer pipeline, and existing success with seven customers across fifteen states. The strategic review aims to explore opportunities that are in the best interest of shareholders, customers, and employees.
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