Anterix shares sky high after spectrum deal

Anterix

21/12/2020 16:00

** Shares in Anterix  ATEX.O  were climbing rapidly on Monday in
active trading after the company announced its first long-term
900 MHz broadband spectrum lease agreements covering Ameren Corp
 AEE.N  service territories
    ** ATEX last traded up 31.7% at $38.82 after rising as high
as $41.13, its highest point since Sept 17. Trading volume was
5.4 times 10-DMA
    ** Under the agreement Ameren, a utility company, will
deploy a private wireless network to in Illinois and Missouri
and it will eventually allow it to consolidate over 20 legacy
networks into one platform, according to Ameren.  urn:newsml:reuters.com:*:nPn7zdTVTa
    ** ATEX said the Ameren deal spans 30 years and that other
utilities are also working with it to explore 900 MHz private
wireless networks. ATEX shares still down 9.9% YTD 

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