Anterix (ATEX) saw a significant surge of 24.47% in its stock price on Tuesday's pre-market trading session. The company announced that it has engaged Morgan Stanley as its financial advisor to support a formal strategic review process aimed at capitalizing on the growing demand for private wireless broadband solutions in the utility industry.

Additionally, Anterix launched a new industry engagement initiative to accelerate the realization of value for itself and its utility customers. This initiative includes a significant review of pricing, payment, and ownership terms, as well as potential collaboration with strategic partners to enhance product and service offerings within Anterix's 120+ member ecosystem.

As the recognized market leader in private wireless broadband for utilities, Anterix is well-positioned to capture the growing utility wireless broadband marketplace. The company's strategic review and industry initiatives are expected to drive its growth and value creation in this rapidly expanding market.