pdvWireless

About pdvWireless

pdvWireless, now operating as Anterix (NASDAQ: ATEX), is the largest holder of licensed 900 MHz spectrum in the United States, providing the foundation for private wireless broadband networks for critical infrastructure sectors, primarily utilities. The company leases and sells its spectrum licenses to enable utilities and other enterprises to build and control their own secure and resilient LTE networks. Originally founded as Pacific DataVision, Inc. in 2004, the company initially focused on mobile workforce management solutions and push-to-talk (PTT) services. A significant milestone occurred in 2014 when the company, then known as pdvWireless, acquired a nationwide block of 900 MHz spectrum from Sprint. This acquisition marked a strategic pivot towards leveraging this spectrum for broadband applications. The leadership team includes co-founders of Nextel Communications, Brian McAuley and Morgan O'Brien, who have extensive experience in the wireless communications industry and in developing spectrum-based initiatives. In June 2019, pdvWireless rebranded as Anterix to reflect its sharpened focus on providing foundational broadband connectivity for critical infrastructure. Anterix's business model centers on long-term spectrum leases and sales to utility companies. These clients use the 900 MHz spectrum to deploy private LTE networks, which offer greater security, resilience, and operational control compared to commercial networks. This low-band spectrum is particularly advantageous for its ability to provide wide-area coverage and penetrate obstacles, making it suitable for grid modernization applications like distribution automation, fault isolation, and remote asset monitoring. By enabling these private networks, Anterix supports the digital transformation of utilities, helping them to enhance grid awareness and operational efficiency. The company has fostered an ecosystem of over 150 technology partners to ensure a variety of interoperable solutions are available for its 900 MHz networks.