ATN International, Inc - ATNI STOCK NEWS

Geoverse, a provider of private LTE/5G networks, has joined Zebra's PartnerConnect program as a registered Independent Software Vendor (ISV). This partnership enables Geoverse to leverage Zebra's innovative device portfolio, training, and marketing benefits to enhance its offerings in the transportation, logistics, and manufacturing sectors. By integrating Zebra's user devices with Geoverse's networks, the company aims to provide scalable wireless solutions that improve service functionality and user experience.

ATN International, Inc. (ATNI) reported first-quarter 2021 results with revenues of $124.5 million, a 12% increase year-over-year. International Telecom revenue grew to $83.8 million, while US Telecom revenue surged 48% to $40.3 million, fueled by FirstNet construction revenues. However, operating income dropped to $3.3 million from $7.3 million, and Adjusted EBITDA decreased to $24.7 million from $29.9 million due to rising operating costs. The company anticipates closing the acquisition of Alaska Communications mid-2021, which is expected to enhance future revenue and EBITDA growth.

ATN International (Nasdaq: ATNI) has announced an upcoming conference call to discuss its first quarter 2021 results. The call is scheduled for April 28, 2021, at 9:30 a.m. ET, following the report release on April 27, 2021. Investors can join by dialing (877) 734-4582 for US/Canada or (678) 905-9376 for international participants. The conference ID is 5067947. A live simulcast will be available online at ir.atni.com, with a replay starting at 1:00 p.m. ET on the same day.

Geoverse has been recognized by CRN in its 2021 Partner Program Guide, receiving a prestigious 5-Star rating. This accolade highlights Geoverse's commitment to providing exceptional partner programs within the IT channel. The guide evaluates vendors based on investment in partner offerings, profitability, support, and market opportunities. Geoverse stands out for its private cellular networks, utilizing innovative CBRS and licensed LTE technologies, offering partners scalable solutions through its GeoCore Platform. This recognition emphasizes Geoverse’s expanding market presence and partner support.

Geoverse has partnered with the City of Tucson to manage its Citizens Broadband Radio Network (CBRS), marking one of the largest municipal cellular deployments in the U.S. The network aims to enhance remote learning and smart city applications. Utilizing Geoverse's GeoCore Evolved Packet Core and Google’s Spectrum Access Service, the initiative addresses connectivity issues for nearly 100,000 students across multiple school districts. With download speeds of 50 Mbps and network slicing capabilities, this solution promises robust performance for various city functionalities, including traffic management and public Wi-Fi.

ATN International, Inc. (Nasdaq: ATNI) has declared a quarterly dividend of $0.17 per share, scheduled for payment on April 9, 2021, to stockholders of record as of March 31, 2021. The company operates in communications, energy, and technology sectors, primarily serving markets requiring infrastructure improvements. Its services include advanced wireless solutions and wholesale communications infrastructure, positioning it to capitalize on growing demands in the U.S. and Caribbean regions.

ATN (NASDAQ: ATNI) announced that its CEO, Michael T. Prior, and CFO, Justin D. Benincasa, will present at the Sidoti & Company Virtual Investor Conference on March 24, 2021, at 1:00 PM ET. They will be available for one-on-one meetings throughout the day. ATN International operates in communications, energy, and technology, focusing on infrastructure investments in the U.S. and the Caribbean. For more details about their services, visit www.atni.com.

ATN International (NASDAQ: ATNI) has received stockholder approval to acquire Alaska Communications Systems (NASDAQ: ALSK) at $3.40 per share, as announced on March 15, 2021. This deal, expected to close in Q3 2021, will result in Alaska Communications becoming a privately held entity with ATN holding a majority stake. The acquisition is viewed positively by ATN's CEO, who emphasized Alaska Communications' strong market reputation and growth potential. The transaction awaits regulatory approvals from the FCC and the Regulatory Commission of Alaska.

Alaska Communications (NASDAQ: ALSK) announced that its stockholders have approved the merger agreement with ATN International, Inc. (NASDAQ: ATNI) and Freedom 3 Capital, LLC. This merger will result in Alaska Communications becoming a majority-owned subsidiary of ATN. The transaction is subject to regulatory approvals and is expected to close in Q3 2021. The final voting results will be reported to the SEC. Alaska Communications is a leading provider of broadband and IT services in Alaska, while ATN focuses on investments in communications and technology businesses.