Anterix Appoints Ross Spero as Chief Product Officer

Rhea-AI Summary

Anterix (NASDAQ: ATEX) announced on January 7, 2026 the appointment of Ross Spero as Chief Product Officer to lead product development, product operations, deployment, and commercialization of the Anterix Active Ecosystem (AAE).

The company said Spero will support its evolution beyond spectrum, accelerate time-to-deployment and time-to-value, and help scale recent launches TowerX and CatalyX. Anterix cited support for seven utilities with a combined footprint comparable to the fourth-largest U.S. wireless network. The release also announced that COO Ryan Gerbrandt is leaving to pursue other opportunities after five years.

Positive

• Appointed Ross Spero as Chief Product Officer to lead product strategy
• Supporting seven utilities with combined footprint like fourth-largest U.S. network
• Launched TowerX and CatalyX to expand solutions portfolio
• Focus on accelerating time-to-deployment and time-to-value for utilities

Negative

• Chief Operating Officer Ryan Gerbrandt is leaving, creating operational transition risk

Key Figures

Share price $22.82 Pre-news price vs 52-week range $17.58–$42.91

52-week high discount -46.82% Price vs 52-week high $42.91 before this announcement

Utilities supported 7 utilities Customers using Anterix platform as cited in this release

Contracted proceeds received $29.0 million Q2 FY26 contracted proceeds already received

Contracted proceeds outstanding $114.0 million Q2 FY26 contracted proceeds yet to be received

TowerX & CatalyX TAM $1 billion Combined total addressable market from Q2 FY26 earnings release

Cash balance $39.1 million Cash reported in Q2 FY26 10-Q filing

Share repurchase authorization $250.0 million Authorized program with ≈$226.7 million remaining as of Q2 FY26

Market Reality Check

$22.38 Last Close

Volume Volume 217,195 vs 20-day average 244,025 (relative volume 0.89) suggests normal interest ahead of this leadership news. normal

Technical Price $22.82 is trading below the 200-day MA of $24.53, indicating the stock was in a weaker intermediate trend before this announcement.

Peers on Argus

Several telecom peers showed gains (e.g., SHEN +3.12%, CABO +4.55%, ATUS +1.70%), but no momentum scanner confirmation of a coordinated sector move, pointing to this as a company-specific management update.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 12	Earnings report	Positive	+1.9%	Q2 FY26 results with contracted proceeds, cash balance, and repurchase capacity.
Nov 12	Product launch	Positive	+1.9%	Launch of TowerX turnkey tower service with Crown Castle for 900 MHz LTE.
Oct 28	Earnings call setup	Neutral	-3.4%	Announcement of timing and access details for upcoming Q2 earnings call.
Sep 18	Leadership changes	Positive	+0.6%	New CMO/Chief of Staff and CFO to support next phase of growth.
Aug 12	Earnings report	Positive	-4.4%	Q1 FY26 results with spectrum gains, strong pipeline, and cash position.

Pattern Detected

Recent news with positive operational or leadership tone has generally aligned with modest positive price reactions, though one earnings report saw a negative divergence.

Recent Company History

Over the past six months, Anterix has reported Q1 and Q2 fiscal 2026 results with sizable contracted proceeds, non‑monetary spectrum gains, and a strong share repurchase authorization, while maintaining no debt and solid cash balances. It also launched the TowerX solution with Crown Castle and highlighted a roughly $1 billion TAM, reinforcing its ecosystem strategy. Multiple leadership changes, including a new CFO and marketing leader, signal an ongoing management refresh. Today’s appointment of a Chief Product Officer and related COO transition fits into this broader effort to strengthen execution and commercialization.

Market Pulse Summary

This announcement highlights Anterix’s push to deepen its product and deployment capabilities, adding a Chief Product Officer while the COO departs. The company emphasized supporting seven utilities and moving “beyond spectrum” with offerings like TowerX and CatalyX, building on prior earnings reports that cited contracted proceeds and a roughly $1 billion TAM. Investors may watch how quickly these leadership changes translate into faster deployments, ecosystem commercialization, and progress against previously disclosed contracted and prospective revenue.

Key Terms

grid modernization technical

"“Connectivity is the foundational infrastructure for grid modernization, and our customers..."

Grid modernization involves upgrading the electrical system to make it more reliable, efficient, and capable of handling new technologies. It often includes integrating advanced digital tools, better communication systems, and renewable energy sources. For investors, these improvements can lead to more stable energy supplies and open opportunities in emerging energy markets and technologies.

managed services technical

"Spero brings extensive experience in product leadership across connectivity, managed services..."

Managed services are when a business hires an outside provider to run and maintain a specific ongoing function—commonly IT, cybersecurity, networks, or back-office tasks—under a contract that includes monitoring, updates and problem resolution. For investors this matters because it creates predictable costs and recurring revenue for the provider while reducing operational risk and capital spending for the client, much like hiring a building superintendent to keep systems running so management can focus on growth.

recurring revenue financial

"driving recurring revenue growth, and turning strategy into adoption."

Revenue that a company expects to receive on a regular, predictable basis from ongoing sources such as subscriptions, service contracts, or repeat customer purchases. It matters to investors because it provides steadier cash flow and makes future earnings easier to forecast—like a landlord collecting monthly rent instead of one-off sales—supporting higher valuations and lower risk when those payments are reliable and customers tend to stay.

go-to-market technical

"aligned product, operations, and go-to-market execution to increase adoption..."

A go-to-market plan is the practical roadmap a company uses to introduce a product or service to customers, covering who the target buyers are, how the product will be sold or distributed, pricing, and the main marketing and sales messages. For investors, it shows how quickly and cost-effectively a business can win customers and generate revenue — like a launch playbook that determines whether a new offering will reach its audience and scale profitably.

AI-generated analysis. Not financial advice.

New role strengthens Anterix’s product development strategy beyond spectrum, accelerating deployment execution and ecosystem commercialization

WOODLAND PARK, N.J., Jan. 07, 2026 (GLOBE NEWSWIRE) -- Anterix, Inc. (NASDAQ: ATEX) today announced the appointment of Ross Spero as Chief Product Officer. Spero will lead Anterix’s product development strategy, product operations and deployment, and the company’s Anterix Active Ecosystem (AAE) partnerships and commercialization strategy, as Anterix advances its evolution beyond spectrum to help utilities accelerate time-to-deployment and time-to-value.

Supporting seven utilities with a collective footprint equivalent to the fourth-largest wireless network in the United States, Anterix is entering a new era beyond spectrum—strengthening its lab-to-deployment engine, expanding its solutions portfolio, and driving repeatable outcomes at scale. With the launch of TowerX™ and CatalyX^® and the addition of a Chief Product Officer, Anterix is elevating product and deployment execution to connect and secure every device that measures, monitors, or controls the flow of power.

“Connectivity is the foundational infrastructure for grid modernization, and our customers are clear about what matters next: speed to deployment and speed to value,” said Scott Lang, President and Chief Executive Officer of Anterix. “Ross is a proven product and commercial leader with deep experience building and scaling portfolios, driving recurring revenue growth, and turning strategy into adoption. His leadership will accelerate our product roadmap beyond spectrum, sharpen deployment execution, and expand the impact of the Anterix Active Ecosystem, strengthening our partnerships with customers and delivering outcomes faster.”

Spero brings extensive experience in product leadership across connectivity, managed services, and network-centric portfolios. Most recently, he served as Vice President, Product Management & Portfolio Strategy at TPx Communications, where he led portfolio transformation initiatives, product operations, and commercialization programs designed to accelerate activation, improve performance, and drive recurring revenue growth. Across his career, he has built product strategy and pricing disciplines, scaled managed services and networking portfolios, and aligned product, operations, and go-to-market execution to increase adoption and customer retention.

“Our customers have a true partner at the table who can help turn future plans into real-world outcomes,” said Ross Spero, Chief Product Officer. “As the market leader, we’re bridging that gap by simplifying the path from strategy to deployment, and from deployment to measurable gains in reliability, resilience, security, and performance.”

Leadership Transition

Anterix also announced that Ryan Gerbrandt, Chief Operating Officer, will be leaving the company to pursue other opportunities. “On behalf of the Board of Directors and the entire Anterix team, I want to thank Ryan for his leadership and meaningful contributions over the past five years,” said Lang. “We are grateful for the impact he has made at Anterix and wish him continued success in his next chapter.”

About Anterix

Anterix is transforming how critical infrastructure stays connected. As the nation’s leading connectivity partner for utilities, Anterix delivers more secure, private 900 MHz licensed spectrum and advanced intelligent infrastructure solutions that enhance efficiency, strengthen resilience, and accelerate digital transformation. Backed by a growing ecosystem of industry-leading partners, Anterix provides the connectivity foundation that powers a more resourceful and resilient future. Learn more at www.anterix.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding Anterix’s strategy, product development plans, deployment capabilities, ecosystem commercialization, and expected future performance. Actual results may differ materially due to risks and uncertainties described in Anterix’s filings with the Securities and Exchange Commission. Anterix undertakes no obligation to update any forward-looking statements.

Contacts

Shareholder Contact
Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

Media Contact
Paul Gaige
Vice President
Burson
504-957-1434
Paul.Gaige@bursonglobal.com

FAQ

Who is Ross Spero and what role did he take at Anterix (ATEX) on January 7, 2026?

Ross Spero was appointed Chief Product Officer to lead product strategy, operations, deployment, and AAE commercialization.

How does the Ross Spero hire affect Anterix's product roadmap and deployments (ATEX)?

The company said Spero will accelerate the product roadmap, sharpen deployment execution, and expand the Anterix Active Ecosystem.

What scale of utility footprint does Anterix (ATEX) claim to support in the announcement?

Anterix said it supports seven utilities with a combined footprint equivalent to the fourth-largest U.S. wireless network.

What new products did Anterix (ATEX) reference alongside the CPO appointment?

The company referenced the launches of TowerX and CatalyX as part of its expanded solutions portfolio.

Did Anterix (ATEX) announce any leadership departures on January 7, 2026?

Yes, Anterix announced that COO Ryan Gerbrandt is leaving to pursue other opportunities after five years.