Investing.com -- Anterix (NASDAQ: NASDAQ:ATEX) stock climbed 6% following the Federal Communications Commission’s ( FCC (BME:FCC)) issuance of a Notice of Proposed Rulemaking (NPRM) aimed at expanding the 900 MHz broadband segment. The regulatory development, which could see the segment grow from 3 MHz by 3 MHz to 5 MHz by 5 MHz, is viewed as a positive step for the company and the broader utility-telecom coalition.
The NPRM, which has garnered support from a wide array of utilities and trade associations, represents a significant regulatory milestone that could enhance the deployment of private LTE networks by providing additional spectrum. This expansion is designed to meet the increasing demand for wide-area, private, and secure wireless broadband networks essential for utilities, critical infrastructure, and business enterprises.
The FCC’s move to expand the 900 MHz band is a response to the growing need for advanced grid-enabling communications. Industry leaders have lauded the FCC’s leadership and foresight, recognizing the potential benefits such an expansion could offer to the nation’s electric grid operations and security. The adoption of the NPRM is a continuation of a process endorsed by over thirty organizations, including key utilities, which see the expanded broadband capabilities as crucial for supporting smart grid technologies and applications with higher bandwidth requirements.
The NPRM now enters a public comment phase, where Comments and Reply Comments will be collected before a potential final Report & Order is issued. The FCC’s decision to consider this expansion reflects the agency’s acknowledgment of the vision behind the private utility broadband movement and the capabilities that modern communications can provide to support the evolving needs of utilities.
The stock’s upward movement is directly tied to the anticipation that Anterix, as a utility technology company, will benefit from the proposed regulatory changes. The NPRM’s advancement is seen as an endorsement of the company’s position in the sector and its potential to capitalize on the deployment of expanded broadband networks.
While the press release from Anterix and its coalition partners expressed gratitude and optimism, investors should note that the NPRM is still in the proposal stage and subject to further review and finalization by the FCC.
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