Woodland Park-based telecom firm Anterix has raised $100 million from investors in its latest round of common stock offering, the company announced in a news release.
Anterix modernizes critical infrastructure and enterprise businesses by enabling private broadband connectivity, according to the company website. Anterix initially announced an $85 million investment round, which was exceeded.
The response suggests that investors are confident in the company’s vision to secure critical infrastructure nationwide through private broadband networks on the 900MHz band.
Anterix will use this new money to find alternative spectrum options for current users of the 900MHz spectrum, pursue new regulatory initiatives with the Federal Communications Commission, and acquire new technology and assets to support regular business operations.
This story was updated at 3:20 p.m. EDT on July 23, 2019 to remove attribution to the company that investors are confident it its vision.