Home / Business and Economy / Plustick Buys Anterix Stake Amid FCC Boost
Plustick Buys Anterix Stake Amid FCC Boost
30 May
Summary
- Plustick Management acquired 499,596 shares in Anterix.
- Anterix provides licensed 900 MHz spectrum for utilities.
- FCC expanded 900 MHz broadband allocation to 10 MHz.
As of May 15, 2026, Plustick Management disclosed a new investment in Anterix (NASDAQ:ATEX), purchasing 499,596 shares worth an estimated $15.81 million. This acquisition constituted 9.21% of Plustick's U.S. equity assets as of March 31, 2026.
Anterix specializes in commercializing licensed 900 MHz spectrum, enabling private broadband networks for utility and critical infrastructure clients across the United States. The company's stock has performed exceptionally well, increasing nearly 140% over the past year.
A significant development for Anterix is the FCC's recent approval to expand the 900 MHz broadband allocation from 6 MHz to 10 MHz. This regulatory change is anticipated to broaden the appeal of the spectrum beyond utilities to a wider array of critical infrastructure operators.
Financially, Anterix reported approximately $123 million in contracted proceeds and a pipeline nearing $3 billion. The company ended December with nearly $30 million in cash and no debt, having reported a nine-month profit of $72.1 million, partly from spectrum transactions.
