Anterix Inc (NASDAQ:ATEX) Q1 2021 Earnings Conference Call - Final Transcript

Sep 16, 2020 • 04:30 pm ET

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Anterix Inc (NASDAQ:ATEX) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Executive
Morgan O'Brien

our patience was rewarded with a win at the FCC. So too are we determined that our patience will be rewarded by winning leases within this industry.

Ending on a personal note. I want to stress my day to day role in continuing to make Anterix everything it can be. With Rob as CEO and me as Chairman, I think our Board has selected exactly the team to lead us to amazing success.

Now, I'll pass the microphone to Rob.

Executive
Rob Schwartz

Thanks Morgan and good afternoon everyone. As I'm sure many of you remember our last investor call in May, marked the tremendous milestone of our FCC rulemaking. The issuance of the 900 megahertz Report and Order, which just about two weeks ago formally reached the end of the process as we passed the 40 day period on the Federal Register publication. As Morgan said, we couldn't be much more pleased with the outcome.

So with the closing of this FCC chapter, we at Anterix are now completely focused on the next important phase, the execution of our business model, monetizing our spectrum to enable private LTE networks for utilities and other critical infrastructure entities throughout the US. And with the tailwinds from this making, we've experienced considerable progress with the growth of our company, with key developments in the utility industry and most importantly, with our prospective customers. I'm going to touch on these three key items, and then I'll happily pass to Ryan, in his role will take you through more detail on our customer progress.

As Morgan mentioned, we recently implemented our long plan succession and I'm honored and humbled to be addressing you today in my new capacity as CEO. I thank Morgan, Ryan [Phonetic] and the rest of the Anterix Board for their confidence in my continued leadership. I'm also incredibly proud of the expanded leadership team that we put in place to execute on our commercial mission and to steward Anterix into this next exciting chapter. In addition to our COO, Ryan Gerbrandt we've made key senior hires including sales and HR leadership. They've also empowered our team across the organization with a renewed focus on the execution of our customer centric mission, driving customer adoption of our 900 spectrum to enable valuable private LTE networks across the nation.

And with this conclusion of our FCC process, we've retooled our regulatory resources into an advisory council, as mentioned by Morgan that's focused explicitly on helping our future customers with ground support at the state and the federal levels. This council's objective includes supporting utility efforts to embrace private LTE spending in the rate base, pursuing federal infrastructure funding, supporting wildfire mitigation plans in California, and even helping our customers to define their role in bringing broadband to rural America.

With the likelihood of bipartisan support in the US Congress for substantial infrastructure funding, we're focused on helping utility industry make the compelling case for an investment in a secure, private communications platform to add the