in our provide you progress of It's but Investor fiscal attention my to on only I'd as as Morgan. very update call on Call take in on our since in eight busy Year-End weeks time of key broadband Thanks, update this been and areas continued our like highly and refinement want an well the on June, to developing changes; implementing our of We've a process; second, areas: focused and business. plans going our I model. to interrelated key third, progress our moment activities forward. these in regulatory on driving broadband First, been to each organizational our areas business take three FCC advancing elaborate our
the to many regulatory to we mentioned, the at Wireless progress continued Morgan In issues agenda comprehensive proposed the our FCC in megahertz. XXX process. Enterprise in our inquiry addressing filed comments a drive on notice the as at conjunction enable to of Alliance we record with for the of the built as further forward FCC broadband networks First, private path with May,
substantial to from regulatory our quarterly development the that our efforts. industry call, support highlighted I been we've During business able generate last commercial through the
Congress continued broadband XXX Our directly need building and to weeks that ongoing enterprise. funnel over collaborate responses meetings, the filings the regulatory the at commercial case of inquiries, allow critical alongside the in program approval. a We've megahertz also provide our with will to benefit development opportunities running and while private to with process and ground us to serve FCC FCC hit urgent continues and industry making substantial the infrastructure the for spectrum past to for to
our Pai confirmed his in top enabling regulatory will Chairman recently our working an staff NPRM, megahertz. that process FCC say, referenced, drafting important remain Morgan next priority. is Needless XXX to on broadband As step the at
our this organization, our to executive our bolster Our laser quarter successfully recent changes streamlined organizational focus efficiently downsized combined of and that achievement of leadership, Beginning the of deemphasized on team important in a difficult is business. and necessary process but broadband emphasis we've workforce. second and parallel, reduction our substantially management the future. over successful to implementing our dispatch date on we've area a team's and in with translation In structure focus achieving of to the XX% broadband our just resulted
solutions the in be these of to sight, grow and our network private our can for the preserving see in continue as as near on more the fund details comments this opportunities and shareholder expected strategy. his financial create value. offer evolving the potential greatest benefits broadband be from to we must resources that FCC elaborate As Tim NPRM demand we develop and will to on long-term diligent we
federal the capital better of gigahertz megahertz We to and value these spectrum therefore, less gain platforms the where for focus growing solve raising are for as also we facing of and versus are against see as of needed, networks the the the of of LTE contribute discussing capacity impact and positive other most and private common for malicious need incremental that and characteristics our area propagation utilities gigahertz, complementary Street to private by the cybersecurity conversations issues, week, business. XXX needs. we to and to our communication private traction cases nation's this from we a by we page contributions are threat bands. capacity to CBRS complement can't networks. is business a infrastructure awareness development and of required key current solutions. market is enhance the that Sub-X spectrum our for our as increased bands article and while Private the offering. networks broadband a nondisclosure to front tide growing by featured addressing each less substantial will see We of board continue And needs. of is broadband largely This grid be opportunities, continues subject continued these and explicit can that penetration of just handled aided complement XXX third a solution because cybersecurity LTE constructive that work actors. themes infrastructure has is can incremental action with three interested critical grid to our And higher pipeline robust example skills, relationships to Journal trend the fight the new narrowband and this consistently build broadband cybersecurity the of their natural in the that experiences Wall look implement component which private execution megahertz customers modernization a rising existing a agreements, threats. Our electric number for Implementing the a that momentum facing. We're these of X.X optimal spend unique is guidance issues agencies that as and driven such in as deploying substantial a translates forward need private in strategic frequency members broadband of use confident for hearing to
to with be Ameren expect year. continues progress, and deployed make to Our we pilot this will
explore on LTE seeing utility in and industry pilot also formalize this private path including this are networks. working calls. to collaboration to in to be participating more own several expressing future utilities a private collaboration We their first to We're broader share topic industry in expect a LTE, structure as in to interest this around initial foster step deploying able
both over industry XXX private continues Southern launched sub-X and also deployment, demonstrating pioneering to cases data gigahertz lead use sites on and their LTE mission-critical voice the Company with spectrum. having
modernization. continues leadership Southern's industry drive and LTE interest of as acceptance an private to important of grid utility in element
a fund important to other catalysts the assembling continued a also therefore which the in private a facilitate for to capital fixed of on federal regulatory-approved to of broadband continuing add on the developing their also other to benefits key facilitate return. most passed nation's cost sectors. spending, to and adoption electric broadband and model. levels grid. funding are substantial and take projects developing networks of requirements of utilities. commercial experts private broadband improvement as PDV's Utilities utilities with at are the state We then decision-makers evolution by program with these that are discuss team the moment influencers of state understanding key rate ratepayers work private on a securing educated that We're want to substantial the regulators to work that I It's of
work broadband, build best with them we're and how to this private enable LTE growing commercial operate and we private customers customers about explore area networks. to of As help to learning more LTE new
complementary oil as We customer our described as exploring railroads segments of the gas, continue focus, like market initial to and enterprise refine bull's and and our utility opportunities inputs our business to the primary with capture as these industry are we opportunity. with previously well. model our We of industries that eye best other examples customer
the utility of population, of the the XXX to cover about The IOUs. approximately utilities, like roughly the investor-owned are whereas Within meters. U.S. measure XX% or the players XX% customer largest IOUs it, they sector,
spectrum, to the believe can of customers potential a enable long-term use contractual these network based that consolidation, a broadband to growing prior and With represents We're relationships continued of of IOUs. will spectrum potentially nation's about continuing of top opportunities XX% however, a and We value with FCC historical a PDV on they the XX from the prices. PDV pipeline own territory, IOUs with commercial auction lease, meters. the right long-term form the interest actually This seeing these cover operate. these private in IOU begin XX%
While we from to sales industry private demand we of deploy the large of strongly expanding don't alternatives. believe in cycles these networks customers, that will continue and modernization trends decision-making complicated long drive and scarce of suitable the utilities an the underestimate grid cybersecurity environment to
exploring value or could also customer beyond adoption additional either PDV accelerating by shareholder by are that increasing spectrum profitability. offerings We service customer enhance
are We value-added these services to partners market. working to bring the to determine with best way
our business with provide clarify that, And to will customers continue turn our we over Tim. through and with work As to model details. we related product and advisors, I'll offerings additional it
