ATEX - Earnings call transcript Q4 2024

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Operator

Good morning, everyone, and welcome to the Anterix Fiscal 2024 Fourth Quarter Investor Update Call. [Operator Instructions].

Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Natasha Vecchiarelli, Vice President, Investor Relations and Corporate Communications. ahead. go Please

Natasha Vecchiarelli

update and of operator, welcome I'm Vecchiarelli, 'XX Natasha to Thank Relations hello, and President investor year fiscal Investor fourth I . Corporate Vice our you, quarter everyone. call. Communications, you and

and Joining COO; Ryan Guttman-McCabe, Regulatory Tim Schwartz, Officer. Chris Gerbrandt, and and CEO; Communications us CFO; Rob today Chief are President Gray,

future our we Before are that during you outlook turning to may forward-looking These based cautioned specific or events to like make in remind statements Form may the not the as We uncertainties. are call and on company's these results I'd reliance over to events, company's statements guidance. risk and statements. current Investors cause regarding conference and risks statements. actual and without commercial forward-looking encourage assumptions to review which XX-Q, call, those factors such limitation, subject to Rob, are XX-K this and you from described forward-looking that identify place SEC undue to on the filings, materially differ including, expectations

be can our website. files accessed on These

assume obligation do not statements. any we to forward-looking update Additionally, any

With Rob. that, call turn I'll to the over

Robert Schwartz

morning, you us. for and Natasha. everyone, joining Thanks, Good thank

heels you our to of excited on completion We are great the all fiscal today and speak with announcement the of year.

for and importantly, in excited nation's grid of with it monetization represents of this Anterix's represents the our Company. of equally as details And excited for As afternoon, growing we are seen, and I'm share Electric helping Delivery share agreement transaction, Anterix many foundational have the I'm announced role sure what to spectrum yesterday as you Oncor a it $XXX.X electric shareholders. with what essential million new to we

a highlights XXX validates and but ecosystem. utilities technology industry broader the in as utilities X growing trusted for this energy expanding This joining support the only megahertz not our of deploying serve, it communities is Oncor also the partner for of broadband to wireless networks. benefits private role states, XX the they

foundational current The LTE to our the XXX spectrum are private now nation's executing electric wireless broadband, critical foundational megahertz help solution we With Board, Strategic on Department of evolution Advisory build grid. by their our the interactive utility utility vision We company. collaborative a the of of the with innovative just We and out harnessing sector companies, that our being grid. more ongoing of the collectively technology are the vision. executive than driving challenges future solve a our woven leadership and of fabric customers, and and Energy of into shared labs, our previously we the nation's the work to national ecosystem power Utility is set

And time. this industry-wide could have important more come a evolution at not

and events, secure including a considerable now weather control and requirements communications, unprecedented is communications. foundational, of modernized challenges, conditions, industry is electric more electricity industry intermittent demand, modernized connect ever, facing resilient and the than and wireless decarbonization requires The energy. extreme new cybersecurity what broadly growing the And need is broadband grid realizing that sources to

metering wildfires protections, is growing the and the from the systems. distribution demand electrification like panels edge a is These centers It CEO private to keynote to managing last smart data to include and physical a NVIDIA processing and speech power and of efficiencies, other from electric utilizing the NVIDIA's investor-owned for annual security necessary from component mitigating network that issues. growth the available at week the recognition that harnessing deploying Edison cyber AI companies critical bring addressing industrial next-generation broadband U.S. companies. foundational the sessions Just all Institute, represented visible is there conference by association Electric and communications

the wireless criticality and will Connectivity broadband industry being timing today. for this networks be the of at is these private initiatives heart understood of

wireless the well. now our that as of is megahertz Our state. for exciting underscores almost and Texas electric news XX% agreement of even with Oncor of the This other in the joins important? seeing further. LCRA, utility state. XXX is growth bringing and is Oncor Because counties enterprise power with partners, Texas Why to population, the load across broadband private growth resulting Texas Xcel

for longer opportunity they we the across the advanced we need built to And while ongoing been tools We industry to utilities our history. may requirements. faster see our an support recent in than this communication valuable day growing company in in is shareholders, effort with a grow a probably Anterix provide And sector we've like, the and of Anterix told communications. state and their big would all it repeatedly and than by almost this position utility transform all help that any take to insiders critical to

an an just past maturing milestones making, a We've levels creating over deal FCC X creating spectrum. first years utilities and building all now entire ecosystem the finalizing services at policymakers working opportunities pipeline solutions, long-standing relationships X-figure of delivered and of states, for our significant opportunities, additional with for of with leading including beyond spectrum, XX X since a forging market products government our in rule Anterix

expanding, the opportunities path more the continue ahead. to within and lie The that am see than opportunities are we the to I excited are role and we playing ever this forge and sector

I'll for with And pass that, to some Ryan over remarks. concluding it return and

Ryan Gerbrandt

Thanks, Rob, and everyone. hello,

another . date signing monumental to the of As Anterix in XXX its largest our licenses service with today at megahertz day agreement marks Oncor recent for broadband in with Texas. Rob shared, territory

move territory the that within provide licenses mission-critical service next-generation people. across Oncor's and territory. lines. million largest the electricity distribution XXX,XXX broadband of to miles X than system Headquartered distribution businesses circuit of in Dallas, than Oncor more XX distribution million homes more and voice will service estimated to and an transmission operates data delivers has in to new operating population enable Oncor The transmission and Texas, and Oncor services

of and enhanced data host Anterix. X is that following in benefit provide broadband network transmission, Anterix broadband expected issuance to Oncor Oncor megahertz Texas customers, and agreement, including communication overall spectrum the Under to of resilience. a intelligence The FCC license and to counties will will operational the their of capabilities XX assign sales

our year-end With agreement XXXX. as this seen total will another and signing and the I'd We've discussing balance unique like simply evolution time my fiscal addressed we industry. ourselves million Oncor payments over $XXX.X by the another year. have with vendor The includes months today with million, $XX of to XX never after spend that, system. FCC-deemed complex within rest first of the expected you the past Anterix to

and a trusted to and members partner to the be long-term active our our to customers, has Our continues goal ecosystem industry. entire

have highlighted, while collectively well to more all year the an this in timely Rob lay Labs, benefits electric energy intelligence, National necessary use as being integration with of As evolved the and operational foundation grid, including cybersecured for the that resilient. of the as stakeholders, worked distributed last one will all our the all support we artificial

megahertz wireless edge We applications, our workforce, and much long-term leadership of XX,XXX this will ecosystem utility technologies XXX and we industry DistribuTECH, at members security, metering more. resilience, forward. In cyber on clean energy, advancing partnership this thought showcasing advanced and solutions demonstrate display the the are gathered grid booth on on alone, had full approach industry solutions to that physical Anterix private saw how share propel built year's their our XX mobile participants and where over

market These are sampling just private the defining the cases, use broadband a of shaping for wireless. utility

President these pioneering development customers meet explore and that future to utility-owned and megahertz. with are products addition, collectively. and outcomes-driven and innovative Product ways of of opportunities Akhtar, in XXX existing collaborate to Senior leadership the Waseem ecosystem prospective harness members pursue We Vice our we to Anterix working active Under Innovation, the directly to our with new discovery continue of solutions

produce for ecosystem We Anterix complementary as opportunities also product the across industry of DistribuTECH. are on Two leadership believe shareholders. actively members evaluating examples and at we solutions space value our were utilities, and the display product within can

module and modems XRF grid developed Vernova our new gateways, our megahertz which suite ecosystem RAD, and XXX GE of at collaborators leveraging newly-integrated devices. CBRS member USA, and LTE a was end-user communications, connectivity the Anterix First provides with Sequans multi-band and from for

commercial broadband launched SIM that broadly, broadband to of of a utilities world's showcase to sharing seminal solution, management it, on The Advisory EPRI, more organization, paper helps more these look research realize Board benefits and CatalyX, activities Second, first we opportunities future private is And and as soon. asked now the previously, platform white we utility to heart and announced is now, Utility development insights. and was contribute preeminent Strategic also we Anterix's providing networks. connectivity which the utility at and had forward Anterix's Anterix the

that resilient via advancing provides and utility, to industry is which important secure It telecommunications read and that strategic plays encourage tomorrow's is is communications no a it this expectation clean network goals." in learned to an crucial longer on perspectives these on to available "that technologies, grid paper aspiration. role website. achieving paper, you date lessons I our an acknowledge a is modern The recognizing energy

infrastructure. cyber in the that the EPRI, nation's resiliency Anterix enhancing will led risk tools and grid U.S. nationwide partners cybersecurity and strategic toward other was Laboratories of Anterix of Department Additionally, part and the are push X invited utility to develop help projects by our These reduce Energy's for to and industry initiatives X energy industry. participate are National where technologies the of to

proof honored We our yet these these another and in have are been to the industry to initiatives believe aid leaders in industry. important inclusion number our in alongside projects a of leadership that is of point selected

details also and our our more in find are April these releases can in You on website. and issued on opportunities March available press

sector. creation shareholders. earned of Individually, citizens team and achieve, our what long-term is Anterix that demonstrates occurrences illustrate customers, of Combined, the the working our each our they to the within position utility entire value our has for these

demonstrated Before to ecosystem-wide to give I update you intent effort, share hand wanted it quick a our another DI I Chris on scorecard. to or over

prospective its DI scoring customers. our indicators a each score combined our As DI calculating our customer prospective includes for these pipeline, each of relative and of importance, on a each intent indicator based XX tracking then in scorecard measurable or demonstrated reminder, for assessment

turn, a intent and weighted know whether analysis we the is threshold that us been deploying in utility XXX our sum the that and with crossed confidence these demonstrating score with level track As to lets spectrum. individual of scores, megahertz its the is proceed indicators has informs DI it

measurable. is tangible and times at visible intent This publicly is

potential we've threshold the not that the customer the However, mean X seen contract cross new Oncor of of in the does imminent, threshold of is to earlier highest threshold XX as reported prospect $X DI that crossing total last as the a well only contracted maintaining seen utilities significant DI, conversion intent utility crossed therefore, highest signs proceeds. the customer representing of the We've intent. approximately year, who billion category of that demonstrating this in

DI Notably, a February, as demonstrated above progress fall update our infographic number our intent those level from our we've seen both last of across shows that in of below accounts, highest our threshold. and measurable since continued

over With that, Chris. it I'll turn to

Christopher Guttman-McCabe

the and rules flexibility Ameren, continue fourth General widespread Services, petitioned segment quarter, Broadband X a working megahertz Xcel Southern Electric, Wireless Electric, entire have Communication X X embracing benefits. the on and and Thank Earlier trade to X everyone. morning, conjunction Portland Gas in using San FCC x voluntary Authority, the River that collectively . the utilities and ecosystem to the project Colorado the Alliance theme & to broadband Diego going good mechanism. megahertz with of group of x from associations, utility you, to a grow the could we Utility Anterix XXX the to Ryan, including I'm modify Energy, provide Evergy, across collaboration Alliance, a Enterprise broad within in the Lower

some option recall, in this but XXX premature As the which rulemaking, considered of its it in you is FCC megahertz original deemed an may XXXX.

within ahead to optionality of spectrum the many well potentially their them utility the attracted as to as consider other broadband, deployment use serve using by private look of additional more are customers of footprint. the they having future our and network entities as cases broadband future As of explore

trade multiparty leaders x our petition. nation. and serve U.S. X are and XX nearly support filed million than of includes technology whose the XX% customers, innovation This members driving associations in serving than electricity customers of across more More and all technology trade utilities, electricity who creating jobs XX comments companies utilities X associations directly

the and As echoes facilitate for a and record megahertz system security of over opportunity of evolution wireless has distributed regulators physical x monitoring. grid and the Anterix with that XXX revolution message real-time advance will been throughout X needs will X one the and the nation's reliability the integration organization and utilities, enhanced private critical resources, grid. of several communications further address enhanced years, and utilities The further wrote, last broadband support our megahertz the most investors system the validates advance sharing the that broadband energy

cannot the entire multiyear the it will adopt We will that which we the with While we across this to the ecosystem broad ecosystem is a record. utility and sector any process, this the are anticipate value guarantee in commensurate that support to encouraged be FCC's represents by Anterix. truly FCC members is provide proposal, to our petition the that

I'll Tim. to now turn over it

Timothy Gray

reviewing now contributed on Thanks, one our some that was results fiscal we of. our XXXX concluded in Chris. is But is spend our filed of Anterix's are XX-K, We which website. I'll the detailed moments highlights success. key year financial record to a in and available the recently few proud these

commercial over in contracts $XX million X proceeds. We contract signed representing new

We signed announced million stock. customer million up our we robust back program of associated a in 'XX. We our in our shareholders also contracts. received through share over to with over to to $XX cash buyback fiscal repurchase $XXX programs, returned buy And million $XXX

across value fair transactions, continue receive Oncor POPs million recently spectrum including represented we XX the And roughly X.X market transaction which for $XXX.X announced to counties. finally, our million

balance in debt for strong $XX As million $XX before no our we more of financial reinforce our year This these on and of approximately fiscal we our position cash buybacks, the positive a ended flow sheet. free result delivered full fiscal helps with year. transactions, as million than cash to

deal consistently over said point. few cash the just and I've reinforces years, is that the a flow Anterix past we story announced As

our contracted next on to $XXX to a value cash the the million shareholders. payments our roughly several we're clearly With balance position and over sheet, to in in be to years, return solid received continue

better continue broadband system. driving With industry to is and well delivering communication Anterix megahertz need XXX for the robust more positioned private solutions. forces

that, turn With it I'll over to Rob.

Robert Schwartz

Tim. Thanks,

express Anterix their want Before to my gratitude and incredible tenacity, we to our camaraderie. conclude, I creativity team for

commitment are their work thanks and team's have completed valuable again they efforts this hard and milestone transaction. asset, Our proven significant has that once most our that we successfully to

with With have To to of the million that strategically. am with our positioning in X.X shares million equally million both entities, financially position and highlight about Anterix we've puts our X growing year-end combined a our phenomenal past and our close, how million excited sector, patient strategic this of for future. I position, cash debt. We're great combined years, now by established customers, approximately announcement, product team, we've $XXX some the in want in for $XX and in repurchased and $XX our us cash I our about place opportunities, the potential Oncor pipeline over financially. that about creditworthy I'm And payable confident our proud contracted we most the no also

operator And to for to that, the over it turn open questions. call with I'll the

Operator

from [Operator Craig-Hallum. first from question our comes today Instructions] Sutton George And

George Sutton

transaction. wonderful a on congratulations My

if bit try predictive these so I can to the predict better. could we So factors a future for opportunities that through little we wondered just think

So earlier intent you for level additional have I to Colorado given a deal think, Oncor and us? deal after curious were would went about pointed else opportunities there fast which would the anything the was highest And Texas. I'm relatively you got Lower year, they in Was of [indiscernible] bit signed for member, timing, a also encouraged, this that that would suggest in that have some better the also to cycle. potential little the obviously

Robert Schwartz

do. participate call, you getting much apology, over an with I'm in bug, hear voice, but start my want and as can the it as probably to to a in going I just doesn't I'm

in in even kind kind really from -- we've and in because so issues timing to utilities talk So but utilities with have on. the of broader the the customers. sales time more at sales, so we said these opportunity restating. it's of worth market, past of working of true of and this broadly given These relation the with Oncor scope number And many the in the pressing words, any funnel we're it's a going of We classic approached very other about standpoint.

predicting to long frank, to to a get to them and takes timing standing of for for be it them so finish start us how And the from always is to even reach. cycle challenging the

happening we of of become just but we -- factors there's and is of but necessity. that to both maybe seeing a LTE, it move getting a a forward also some utilities couple then when around them the add and by talk What's So move sort to neighborhood color wants aware to that private specifically to influenced concept But effect. opportunity have those Oncor, Ryan forward, more about we're the to those specifically.

about of 'XX that back of was in talk lives example, And storm what when what You're dollars lost. and aware well so billions Texas, loss that I the broadly winter of and with happened hundreds for of right? -- of hundreds

And and in so wildfires country. impact now throughout Texas we of beyond had that, things and been have -- the these the

the that And country our across use more more cases and so utility the becoming being relationships demonstrated are now well known. are by

And unfortunately, the growing growing. demand and side is

those the want could to nationally. there? more the that specifics either within driving wish the That's about both customer precision regions, not add is but when timing, happen. deals give has. precisely color also you we Ryan, so will And I I But any or more often do locally that -- you

Ryan Gerbrandt

seen think in just I even it's through kind to to to. think X to of been what in mean XXX-megahertz else significant pipeline, a we happy addition everything now, evolve, the keep lead never complex in I these therein seen I can we see lies in thing movement mind, XX-plus complexity indicators Oncor, we've system, a the one of in I these of how Yes, transactions, incumbent. we things we've positive stated, And the mean, as terms some to. these that point of

the time but it conversations going always point into And a kind what deeper time, bit, kind and effect, them. Rob about towards to start could not a with seeing of of touched so clearly, well transactions, the back what's paying understated. attention of and on understanding we've had engagement impact have based in is, at certainly we own we we're we're on been absolutely be regional, and the and the appreciation with around doing them the reasons momentum in a play regional think looking individual in happening but macro utility. followers it that We've I community don't like the say to in I are where if right. of where levels that that momentum Texas already, necessarily effect capturing where first light, to see both that we deals territory its that an industry go individual the positive the individual forward, as might move out creates This an level, an of unique well

be utilities they're environment the to more builds The the critical having tend support underscores trying and like confidence regulatory across to these is region. region. They to together. the across initiatives consistent broadband each that that in importance of pervasive infrastructure the of And put

I'd So it's things. Also, combination reflected. a it is of say

time XX moving of on those we're scorecard. keep over You transition teams is mentioned to reason the a Part and focusing we're longer are some tracking and believe our opportunities. the the of them some of that all are them the and ball DI the these visibility public of we metrics duration -- our of as of keep efforts private. why matter keep kind the things to But to there in

George Sutton

this does the have update is asked you O'Brien. start there? the together, spaces of put network neighborhood contiguous think just So us help when this in give that network concept, a and of the we opportunities, theme? on can we does Morgan regional would to past this And I network promote When question further an

Robert Schwartz

put a a Yes. shared, cases It's of materials long much our in use There's very to that of Thanks, just so, you lot that George. and answer we've published. quickly. we've we list

concept aid, things what is work to occurred, aid mutual talking So was incidences, really weather Ryan compelling utilities plays Mutual said, crises other that have these one that me, But occur. these obvious together. into about that the right? the is [indiscernible]

able of are possible. that So restore when through that fast Georgia, you utilities roll to area in say there there are that border, that storms be order and from to help utilities into neighboring trucks service as repair hundreds come as

are systems communications between That's the the are understand benefit getting the systems, but gets gets the then the workers the after those not topic going system. what's which systems today right? patterns Institute, trucks utilities that's optimize interoperable, a on voice that services, but a cyber front right? line, And how important and to but communications understanding utilization X-way Those legacy into discrete about Electric the it with frequencies, store starts talked the are mutual and that that Edison union aid, of that it collective power, is is data of and radio in unique into

demand Transmission most as demand boundaries distribution challenging that full [indiscernible] goes and power. transmission not it's the you've the that lot often data challenges how a I'm the requirements. generation Utilities of all seen occurring energy but from that consumption we're growing well. are as about have because with of problem point sure look marketplace. link aspects network is weakest to the the solving the across of of these of to problem, at a a AI growing the And just now center

the so more That's Texas, that nation. within network, And entire of area. just oversees management that across effective the territory, In ERCOT the not across territories a of footprint. lot specifically, service that X and but that's service regulator

more Gas & They And on also the it It's of be the the the to able more your power manage the and processing within things on to transmission happening example. that large a with we desire we processing say, the being large so house, be size an metering power, to houses but Conference that AMI. through soon peak within on to also both the control power Electric how manage as The knowing that see neighborhood some power generate, will of call mentioned can all and large put how consumption. are that efficient, about is consumption. our both stuff network. because went edge but I AI the of today, efficiently compute

are battery in the storage, data by way, the solar generators And more better so of and enterprise. lower consumption by attached new peak the these if power a the to using can industrialized networks within we centers efficient the we feed using the uses like that users can

Christopher Guttman-McCabe

And scope talk and talking George, understanding it's that's or would network on and scale say, scope scale and scale in the Rob we and about just mutual but about pile in referenced, and of like and performance, when Chris. aid, power scale development extent, as I an scope of and also sort research that. to network we're it's some things in of buying networks, And scope. and

than was driving one U.S. access. a was and now And and they're introduced are X I they So like X collectively Cellular, larger will recent and customers us will in, and said, combined, to facts be of of meet scale scale, look now in and that as it at the development past themselves it the when level you deployment be right? and research scale our

utilities. to needs range we across benefits being will both regional the network of raised the a the for national of you the point wide this So but network and see flow

Operator

Our LightShed. next question from Piecyk from comes Walter

Unknown Analyst

This Joe of Kind on a follow-on. Walt. is for

footprint? do county transmission the coverage sort the that are a specific align able utilities that way XXX% Like have achieve of match to you solution? you territory? So get overlap, the to when don't -- model Did these the design of CBRS Or lines. shared some or with closely service to to licenses territories any I that

Robert Schwartz

question segue, at look everyone the every have a and we coverage for look the as out when last question knows which, We spectrum we the county we really it of think, a eventual spectrum nation. build the great contiguous nation footprint, nation. as thanks as at the I Joe, for because in we

as So utilities could [indiscernible] worked talked together LCRA already Energy be we're utilities, even to they business. I sharing other that that there, wireless, be this this when of built Oncor, we about LTE, before Ameren and mutual Those in it's aid capability or could and their examples. as right? the But XG things. infrastructure, XG, into like is evolving the from get have have

to you it's and Europe countries built for. When seamlessly across your use roam take phone that's and it, what

so sharing we'll absolutely, And have between utilities.

likely be scale the there's find a that. to Chris about. and county ways clear, But to that's if has talked and scope they'll opportunities talked as so all a to capability to Ryan Anterix services LCRA share that that develop has that for doesn't, about and And products Oncor that continue

say And a on be in a coordinate able to, centralized value possibly utilities so can they value that And play us leverage also third or utilities infrastructure parties opportunities that the to defraying to therefore, be of for and new could that. to consumers like users gas are municipal sharing in role be cost basis, be that to and helping creating and out cost the those like-minded it for because to the with lowering that communications. value critical can able networks there's be investment sharing companies

they those interconnected LTE, able of capabilities capabilities get across utility to networks and the off-the-shelf we of more built tremendously seamless as using so will tighten seams as services add then create but and get and networks. these layers to And that be more usage

Unknown Analyst

another then question. And

next if X what kind leverage kind the x of to then of And that On I would opportunity? for steps does guess, a question, be go utility X the Does it who the through, politics more update, not versus don't the potentially one I'm understand election? Is wins there matter from in support all -- since I the Chris, side world. that other?

Christopher Guttman-McCabe

going X and our x the X with start our X x opportunity, back then What up. apolitical. I'll with Yes, great we pursuing latter is really hopefully, questions. and it forward, both with are X opportunity then

first vote. a X-X our order fact, reporting In was

years. by Republican So and several last a over Democrats, we Commission it had Republicans was led and the

the by work great the been Chairwoman led out All a FCC has and of of Rosenworcel Commission. Democratic

And so political election. of sort of of in any terms of sort the see impact we impact don't

an around is But regulatory learned, what is rulemaking we election. everyone proposed of of step FCC. what knows a Now out to bodies that secure hopefully the slowdown the government have and notice next

case of we've the it all of a utility forward move put goals really together about government, I think resiliency, because compelling decarbonization. really to the the talked the is collectively, Ryan, an for has everybody Rob, intersection them things

of So with embrace policy the X. that X regard And spectrum really to then smart which, it it x all you obviously, with the in combine contemplated that commission fits the X and X x that.

just case. commission. it's make again, screen made think the we have then radar of on So to to compelling And we've sure -- but I very a work do the

to move to forward. opportunity That normal, valuable a it ecosystem. this then is a very believe process. multiyear entire going And the is that It we but for is be

so I filed last we're trade Wireless Anterix. was in Enterprise Alliance is And move co-petitioners the represent the XX% consumers X point mean, country. when And time, This the forward. and time, alone the referenced, it as associations core span, the of electricity excited just to we I

who So of representation. do co-petitioners add who's beyond get having swath you utility really the that you to then broad of go support. in, And you when

Operator

Our from Instructions] next Securities. Riley B. question [Operator Boss Griffin comes from

Griffin Boss

overlap in jumping last So the I the just question to related service want territory. back clear, to to be

country other of with are Oncor those used other sort So across -- coordinate in overlapping of that -- so country LCRA the network in access they And for that be with utilities? parts template and counties. Xcel, is will the then potential the would

Robert Schwartz

is can continue we a I they coordinate that's role that say, into assure helping So customers concept roaming, as -- not broadly, The the to anything our to right, standpoint. from territories. play a just without from a getting utilize historically in existing NDA, would simplicity under

a it's again, that in LTE technology that's technology. function it's the a native So --

benefit scope the that sides, but scale hopefully in neighbors about you that on some soon all cases, not we as one just but And can in think bring whole as and a has now states, is utility of so the we're on nation. these XX across developing side

orchestrate go another want to how will Ryan, manage you add you that do that role from But We X to to the national to those -- that? national play can and borders. be to aspect of territory help able

Ryan Gerbrandt

Yes.

possible. reality more utilities any particular territory. is is kinds consumers use or they to obviously so And the we kind and consumers. absolute of as our capabilities be our might very to given what I they can these isn't actual and realize exactly the that service as do implement really a be I optimize things And help might have maximum The gas systems industry. might get footprints value they're of common for to will needs that across the things and where look done flaggy we've methods the the think Griffin. case that ecosystem trying they to sector Board of the where when relatively Let visibility to us footprints some to pretty component they to a the being are set a territories of borders, have of share, those Advisory to bit goes of the much kind unique have a as and mean direction of of and things to different across in kind me cooperating and to neighboring frankly at the value with with have in larger that they kind of a they a level about it role that the that feature or of a been these share influence Strategic talked developments able on all this major maximum give they're helps of be what processes design strategic making a history some able in some to we're where we're because the focused and lot nature not. guidance then constituents transmission go we as operate national bit, conversations need in utilities. And is add like ability explored as little those are through, long being little already fact, of Utilities those to electric of Utility finite, do. provide mean, is even particularly but the have of that they to building

that hope helps. So

Griffin Boss

appreciate And by data? you clearing of area Yes, absolutely. Oncor? I prior price served auctions was so the it. have in that what then Do the

Robert Schwartz

fingertips, it Not Natasha can you, up at and can follow but we to Griffin, provide our share, sure I'm you. with

Tim to of some there's transactions kind comparables out, the the more just historical of private know, and think pops on of But of recent as round auctions lot representing over million I a million, well. market think, their we I the value, as value about particular Tom fair think as across based you indicated, as good it the different is As price paid, $X.X -- $XXX.X that XX counties.

spectrum As just real estate. pricing like is you understand,

another in of different. if like Francisco county like York, or place the so those the counties nation, very New around acre an San versus land And are one any looking prices for expensive of you're an

really county look the within and mix that's approached that's as utilities particular that it, so level down auctions. and we spectrum really way and to have And to get so understand have the prior of versus we at transact most way counties the another to with you the it utility one have

Operator

remarks. questions, time turn I'd any over And for this showing like ladies and no to back floor at gentlemen, the to closing and additional management

Robert Schwartz

thanks, be excited more Thank to able year. past we both to being to and this news, morning. great year off share progress good you, and all such everyone, for particular this participation be couldn't Again, the start this of your a any these

soon. appreciate with support to you forward Thank look we and your progress more sharing you. So patience all . and

Operator

and and Thank for joining. that you. do Ladies presentation. call We does you today's conclude gentlemen, thank conference

You may disconnect now lines. your

Anterix (ATEX) 27 Jun 242024 Q4 Earnings call transcript