Anterix investor call: FCC expands 900 MHz band, boosting spectrum value and utility deals

What happened: Anterix, a wireless broadband provider, saw a significant investment from Plustick Management, which bought $15.8 million worth of shares last quarter. This follows the FCC's expansion of the 900 MHz band to 10 MHz, increasing its capacity and value for private broadband networks. Anterix has reported 10 customers and announced a milestone deployment with NorthWestern Energy using the expanded band.

Market impact: The FCC's decision drives up the value of the 900 MHz spectrum, benefiting Anterix and potentially attracting more utility and critical infrastructure clients. Plustick's investment signals confidence in Anterix's growth prospects, which could lead to increased interest from other investors.

What to watch next: Anterix's Q2 2023 earnings call (scheduled for August 8) will provide updates on customer acquisition and revenue growth. Additionally, any further FCC actions or utility deals announced by Anterix will shape the narrative around this spectrum expansion's impact on the company and its peers.