Tampa Electric Secures 900 MHz Spectrum Agreement for Private LTE Movement

Tampa Electric (“TECO”), a subsidiary of Emera Inc., has recently inked a deal with Anterix, a leader in the utility broadband industry, for the use of Anterix’s 900 MHz spectrum throughout West Central Florida. This agreement grants TECO exclusive access to the 900 MHz spectrum for the next 20 years, with the option to extend for an additional ten years, not just once, but twice.

The President & CEO of Anterix, Rob Schwartz, expressed his enthusiasm and welcomed TECO to the expanding group of utilities and over 100 technology companies that make up the Anterix Active Ecosystem. Schwartz highlighted the collaborative effort to establish a standardized 900 MHz utility broadband solution in support of a modernized grid, stating that TECO’s innovative track record made them a perfect fit for this initiative.

For further details about the Anterix-Tampa Electric agreement, interested individuals can refer to the Tampa Electric Agreement Fact Sheet available in the investor information section of Anterix’s website.

As part of the agreement, TECO will have dedicated use of the 900 MHz spectrum to support advanced communications capabilities for a cleaner, safer, and more secure energy future. This move is in line with TECO’s commitment to embracing advanced technology and innovation in the electric utility industry.

In terms of communication, Natasha Vecchiarelli, Vice President of Investor Relations & Corporate Communications at Anterix, will be the point of contact for shareholders who seek further information about the agreement. On the other hand, for media inquiries, Paul Gaige, Vice President at Hill+Knowlton Strategies, will be the key person to reach out to.

Anterix is a key figure in the broadband industry, partnering with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. The company, as the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States and other regions, is well-positioned to lead private LTE solutions that support cutting-edge advanced communications capabilities.

The announcement comes with a standard disclaimer about forward-looking statements, encouraging individuals not to solely rely on these statements as predictions of future events. The company acknowledges the inherent risks and uncertainties and highlights its commitment to providing updates when necessary, as required by applicable law.

In conclusion, the agreement between Anterix and Tampa Electric marks a significant stride in the private LTE movement, with TECO’s dedicated use of the 900 MHz spectrum paving the way for advanced communications capabilities to support a modernized grid. This collaboration demonstrates the industry’s proactive approach to embracing technological innovations for a more sustainable energy future.