Benzinga | May 27, 2021 10:26AM EDT

Anterix Forges Private LTE Distribution Partnership Deals With Nokia, Motorola

* 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.