Anterix Inc (NASDAQ: ATEX) inked an agreement with Nokia Oyj (NYSE: NOK) to fast-track the 900 MHz private LTE distribution across the U.S. utility sector.
They will combine Anterix's "beach-front" 900 MHz spectrum with Nokia's industrial-grade private LTE/4.9G wireless infrastructure to help the utility companies distribute private LTE solutions supporting advanced communications for grid transformation.
Separately Anterix inked another agreement with Motorola Solutions Inc (NYSE: MSI) to distribute private LTE networks by utility companies.
The collaboration builds on last year's announcement of Motorola Solutions' Private Broadband for Critical Infrastructure platform and the FCC's order enabling the transitioning of the 900 MHz band to broadband.
Nokia and Motorola are charter members of the Anterix Active Ecosystem Program that support Anterix customers operating private LTE on 900 MHz.
The Biden government prioritized cybersecurity funding following multiple hacks compromising the energy grids.
Price action: ATEX shares traded higher by 2.67% at $49.28 on the last check Thursday.
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