By Katherine Hamilton
Shares of Anterix rose after it said it is starting a strategic-review process to capitalize on growing demand for its products.
The stock was up 25%, to $35.76, in late morning trading Tuesday. Shares are down about 7% over the past year.
The broadband-services provider has engaged Morgan Stanley to help advise on the review, which is intended to meet growing demand and urgency among the utility industry for private wireless broadband solutions, Anterix said.
The Woodland Park, N.J., company is also launching an effort to allow customers to deploy 900 MHz private wireless-broadband networks more quickly. As part of the initiative, the company plans to review pricing, payment and ownership terms, and consider strategic partners on additional products and services.
Anterix is scheduled to report its third-quarter earnings on Wednesday morning.
Write Katherine to at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 11, 2025 11:12 ET (16:12 GMT)
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