Welcome to our dedicated page for Atn Internationl news (Ticker: ATNI), a resource for investors and traders seeking the latest updates and insights on Atn Internationl stock.
ATN International, Inc. (Nasdaq: ATNI) is a provider of digital infrastructure and communications services headquartered in Beverly, Massachusetts. The company reports that it operates in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets that require ongoing infrastructure investment.
This news page aggregates updates and announcements related to ATN International, Inc. and its affiliates. Readers can find earnings releases where the company reports quarterly financial results, including revenue by segment, operating income, and non-GAAP measures such as EBITDA, Adjusted EBITDA, Net Debt, and Net Debt Ratio. These releases also discuss trends in high-speed broadband homes passed, broadband customers, fiber route miles, and international mobile subscribers.
News items also cover Board and shareholder actions, such as declarations of quarterly dividends on ATN’s common stock and the outcomes of the company’s Annual Meeting of Stockholders. In addition, ATN and its affiliate Alaska Communications publish updates on network projects and service developments, including upgrades to submarine fiber optic cables and the introduction of managed Wi-Fi offerings for small businesses in Alaska.
Investors and followers of ATNI can use this page to review company communications about its advanced wireless and wireline connectivity services, carrier and enterprise communications services, and its focus on rural and remote markets. Regularly reviewing these articles can help readers understand how ATN describes its operating performance, network investments, and capital allocation decisions over time.
ATN International (Nasdaq: ATNI) revised its three-year revenue outlook, projecting 2024 revenues between $770 million and $810 million. In Q1 2022, revenues rose to $172 million, a 38% increase year-over-year, primarily driven by the acquisition of Alaska Communications. However, net loss was $1 million, contrasting with a previous net income of $2.7 million. Adjusted EBITDA reached $40.6 million, up from $24.7 million last year. The company emphasizes its commitment to expanding fiber networks and improving broadband access across its service areas.
ATN International reported strong Q1 2022 results, with revenues reaching $172.0 million, a 38% increase from $124.5 million a year prior, primarily due to the acquisition of Alaska Communications. However, the company posted a net loss of $1.0 million, contrasting with last year’s net income of $2.7 million. Adjusted EBITDA rose to $40.6 million from $24.7 million year-over-year. Capital expenditures were $34.5 million, while cash equivalents totaled $76.8 million.
ATN International, Inc. (Nasdaq: ATNI) announced the release of its first quarter 2022 financial results on April 27, 2022, post-market. A conference call to discuss these results is scheduled for April 28, 2022, at 10:30 a.m. ET. Investors can join via dial-in or access a live audio webcast on the company’s Investor Relations website. ATN provides digital infrastructure and communications services, focusing on rural and remote markets in the U.S. and internationally, including advanced wireless and wireline connectivity, video, voice, and data services.
Alaska Communications and OTZ Telecom are collaborating to provide home internet services using low-latency satellite technology to 10 remote villages in Northwest Alaska. This initiative is aimed at enhancing educational opportunities and closing the digital divide in underserved areas. Funded by the FCC's Emergency Connectivity Fund, the service will be offered at no cost to students, school staff, and library patrons through June 30, 2023. Alaska Communications will supply the satellite service while OTZ Telecom will manage the internet distribution.
ATN International (Nasdaq: ATNI) has announced a quarterly dividend of $0.17 per share, set for payment on April 15, 2022. Stockholders of record as of April 8, 2022 will be eligible. The company focuses on providing digital infrastructure and communications services in the U.S. and Caribbean, particularly in rural areas. ATN offers advanced wireless and wireline connectivity, high-speed Internet, and enterprise communications services, including fiber optic transport.
ATN International, Inc. (Nasdaq: ATNI) has announced the appointment of April V. Henry to its board of directors. With over 20 years in the technology sector, Henry has a strong background in advising major corporations and investors. She founded Hawkeye Digital and is the Executive Vice President of Corporate Development for Science Inc. and Science Strategic Acquisition Corp. Alpha. Chairman and CEO Michael T. Prior highlighted her expertise in driving growth and enhancing shareholder value, particularly in assessing strategic partnerships and industry trends.
ATN International, a leading digital infrastructure provider, announced CEO Michael Prior and CFO Justin Benincasa will participate in a fireside chat at the Sidoti & Company Spring 2022 Small Cap Virtual Investor Conference on March 24, 2022, from 9:15-9:45 a.m. ET. They will also conduct one-on-one virtual meetings with investors. A live webcast will be available on the ATN investor relations website, with a replay offered shortly after the event. ATN focuses on providing advanced connectivity services in rural and remote areas.
Alaska Communications appoints Sandy Knechtel as Chief Operations Officer to enhance service offerings and operations. Knechtel, with prior management experience at Alaska Communications from 2009 to 2015, has a proven track record in the telecommunications industry. Under his leadership, Alaska Communications aims to address the digital divide in Alaska and improve broadband access. Bill Bishop, the company's president, emphasizes Knechtel's commitment to Alaska and familiarity with the local market, which positions him well to help the company realize its growth objectives.
Commnet Broadband has entered into a multi-year Memorandum of Understanding with AWS to enhance its network and offer cloud services to rural areas in the U.S. This partnership aims to provide reliable broadband connections to previously underserved regions, impacting sectors such as healthcare and education. CEO Tom Guthrie emphasized the need for rural communities to access cloud capabilities like urban areas. By partnering with AWS, Commnet is pursuing a shift towards sustainable cloud-based broadband services, benefiting both its customers and partner organizations.
Alaska Communications continues its support for winter traditions in Alaska, primarily sponsoring musher Ramey Smyth, a notable competitor in the Iditarod. Having participated in the race 27 times and finished in the top ten 11 times, his dedication exemplifies the Alaska spirit. The Iditarod begins its ceremonial start on March 5 in Anchorage, followed by the official race start on March 6 in Willow. Additionally, Alaska Communications supports the Fur Rondy festival, which runs from Feb. 25 to March 6, benefiting local commerce and nonprofits.
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