Atn Internationl - ATNI STOCK NEWS

ATN International (Nasdaq: ATNI) has announced its Board of Directors' declaration of a quarterly dividend of $0.24 per share. The dividend will be payable on April 7, 2025, to stockholders of record as of March 31, 2025. This dividend announcement demonstrates the company's continued commitment to providing regular returns to its shareholders.

Alaska Communications has launched new Small Business Bundles targeting the vast small business market, which comprises 99.9% of U.S. businesses. The bundles combine Unlimited Business Internet with scalable options for Microsoft 365 licenses and voice products.

Key features include:

• Single monthly billing regardless of selected add-ons
• Flexible month-to-month or three-year contract options
• One complimentary hour of help desk services for new bundle customers
• $300 installation fee waiver with three-year contract

The service aims to provide comprehensive IT and connectivity solutions, supported by Alaska-based help desk services, allowing small business owners to focus on business growth and work-life balance.

ATN International (ATNI) reported its Q4 and full-year 2024 results, showing mixed performance. Full-year revenue declined 4% to $729.1 million, while Q4 revenue dropped 9% to $180.5 million, primarily due to the conclusion of the Emergency Connectivity Fund program.

The company posted a Q4 net income of $3.6 million ($0.14 per share), benefiting from an $8.9 million tax benefit. However, full-year results showed a net loss of $26.4 million (-$2.10 per share), impacted by a $35.3 million goodwill impairment charge. Adjusted EBITDA decreased 9% to $46.2 million in Q4 and 3% to $184.1 million for the full year.

Notable operational highlights include a 3% growth in high-speed subscribers and a 16% expansion in high-speed broadband homes passed. For 2025, ATN expects revenue to remain in line with 2024 (excluding construction revenue), flat Adjusted EBITDA, and capital expenditures between $90-100 million.

ATN International (ATNI), a digital infrastructure and communications services provider, has scheduled its fourth quarter and full year 2024 financial results announcement for March 4, 2025, after market close. The company will host a conference call to discuss the results on March 5, 2025, at 10:00 a.m. ET.

Investors can access the live audio webcast through the company's Investor Relations website, and a replay will be available from approximately 1:00 pm ET on the same day. An investor presentation will also be provided as a supplement to the call.

Alaska Communications and Nenana Native Association are partnering to bring fiber broadband service to the Athabascan community of Nenana, Alaska. The project, funded by a Tribal Broadband Connectivity Program Round 2 grant from NTIA, will connect 362 households, 30 businesses, and 9 anchor institutions.

The initiative includes workforce development through Tanana Chiefs Conference, creating at least two apprenticeship positions during the two-year project term. Apprentices will receive telecommunications training through the NCTI program. Alaska Communications commits to offering consumer services at urban-area rates and participates in the FCC's Lifeline program for low-income consumers.

The service is expected to be available in early 2027, aiming to improve healthcare, education, and economic outcomes for the community.

Old Harbor Native and Alaska Communications have announced Project Nunapet, a major broadband infrastructure initiative funded by the NTIA's Tribal Broadband Connectivity Program Round 2 grant. The project will construct a 155-mile subsea fiber optic cable network from Homer to Kodiak Island, providing Gigabit-speed internet to 570 homes across four Tribal communities: Old Harbor, Chiniak, Akhiok, and Womens Bay.

The initiative aims to bridge the digital divide in these remote Alaskan communities by delivering reliable, affordable high-speed connectivity. Alaska Communications commits to offering urban-equivalent rates and participates in the FCC's Lifeline program for low-income consumers. The network will improve access to education, healthcare, and economic opportunities while supporting network redundancy throughout the Kodiak Archipelago region.

Alaska Communications has announced the appointment of Paul Fenaroli as its new Chief Executive Officer and board member, effective January 6, 2025. The appointment follows the departure of former CEO Matthew McConnell. According to Chairman Brad Martin, Fenaroli brings extensive experience in corporate strategy and operational leadership, with a focus on driving growth while maintaining strong customer relationships.

The new CEO expressed his commitment to leading the company's mission of providing critical infrastructure and services connecting Alaskans. Fenaroli emphasized his focus on driving innovation, operational excellence, and growth while strengthening relationships with customers and communities across Alaska.

ATN International (Nasdaq: ATNI) has announced a quarterly dividend declaration. The company's Board of Directors has approved a dividend of $0.24 per share. The dividend will be payable on January 8, 2025, to stockholders of record as of December 31, 2024.

Alaska Communications is expanding its network to provide high-speed internet across Alaska, offering speeds up to 300Mbps in Juneau and Soldotna. The company is implementing fiber-fed fixed wireless technology and building a future-proof fiber network. Since 2017, they've connected nearly 30,000 unserved locations through the CAF II program. The company is also partnering in the Alaska FiberOptic Project to connect 15 villages with Gigabit speeds, with construction already begun in several communities along the Dalton/Elliot Highway. Services start at $84.99/month with professional installation.