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.
Alaska Communications announces the availability of DIRECTV STREAM services for all Alaskans, allowing access to local, national, and premium channels on multiple devices. This initiative aims to meet the evolving entertainment needs of consumers, offering flexible package options that start at over 65 channels. Alaskans can also bundle this service with Unlimited Internet packages for additional savings. DIRECTV STREAM packages include affiliates like ABC, CBS, FOX, and NBC, with options for premium channels like HBO Max and SHOWTIME.
Nearly 1,250 residents in Hoonah and Gustavus, Alaska, may soon gain access to high-speed internet via fiber optic connections, pending NTIA grant approval. The Hoonah Indian Association and Alaska Communications plan to create a subsea cable network, enhancing remote work, distance learning, and telehealth options. Additionally, a community technology center will support education and access to services. Grant applications were submitted on Sept. 1, with NTIA expected to award funds by the end of 2021, and project completion anticipated by December 2023.
Nearly 12,000 rural Alaskans from 23 communities will gain high-speed internet through the proposed Alaska FiberOptic Project, pending NTIA grant approval. This initiative, led by Calista Corporation, Doyon, Limited, Gana-A ‘Yoo Limited, and Alaska Communications, aims to connect underserved regions along the Yukon and Kuskokwim Rivers with fiber-optic technology, enabling access to essential services. Applications for NTIA Tribal Broadband Connectivity Program grants were submitted on Sept. 1, with project completion targeted for 2024.
Geoverse, a private cellular networks operator, is addressing the 'Homework Gap' by providing broadband solutions to various school districts across the U.S. Amid ongoing challenges from the pandemic, many students lack sufficient internet access for remote learning. Geoverse supports these districts by establishing secure private networks, leveraging cellular and CBRS spectrum. Recent initiatives are expected to gain momentum with the potential $65 billion funding from the US Infrastructure Bill. This partnership not only enhances educational access but also extends connectivity benefits to municipal needs.
Alaska Communications is partnering with the University of Michigan to utilize subsea fiber optic cables for earthquake monitoring.
Assistant Professor Ƶack Spica and a student have attached a DAS interrogator to the company’s fiber network in Florence, Oregon. This technology analyzes seismic activity to provide essential data, particularly valuable for understanding the Cascadia subduction zone.
Rick Benken, Alaska Communications' VP, noted the significance of their infrastructure in supporting research that could lead to tsunami early warning systems.
Geoverse, a provider of managed private CBRS/LTE solutions, has welcomed Black Box to its partner program. This partnership allows Black Box to enhance its offerings with Geoverse's LTE and 5G solutions tailored for enterprises and communities. Both companies are capitalizing on growth in the healthcare sector, focusing on applications like telehealth and IoT. They aim to leverage their combined expertise to improve secure wireless connectivity, crucial for healthcare operations. The collaboration highlights their commitment to advancing private LTE and CBRS solutions, particularly within key verticals.
ATN International reported a 14% increase in Q2 2021 revenues to $123.9 million, driven by broadband and mobility growth. The acquisition of Alaska Communications is expected to contribute $105-$109 million in revenue and $27-$29 million in Adjusted EBITDA through 2021. However, operating income declined to $2.9 million, and net income dropped to $2.0 million, reflecting increased operational costs and expenses. The company is optimistic about growth from its expanded fiber network and partnerships.
ATN International, Inc. (NASDAQ: ATNI) has completed its acquisition of Alaska Communications Systems Group, Inc. in an all-cash deal valued at approximately $343 million, including outstanding net debt. Each share of Alaska Communications’ common stock was exchanged for $3.40 in cash. This acquisition will enhance ATN's US Telecom segment, leveraging Alaska Communications' focus on customer satisfaction and fiber-based services. Both companies anticipate synergies and improved service delivery in Alaska's market.
Geoverse announces a partnership with Walker and Associates, enhancing their managed private CBRS/LTE solutions. Walker, known for distributing network products, gains access to Geoverse’s services, targeting the $1B CBRS market. Gus Vasilakis from Walker emphasizes the opportunity to better serve customers with professional services. Geoverse's solutions feature seamless integration and scalability through GeoCore, benefiting businesses with dedicated support. Their user devices list includes major tech brands, showcasing real-world use cases in private LTE and CBRS.
ATN International, Inc. (Nasdaq: ATNI) will report its Q2 2021 results on July 28, 2021, at 5:00 p.m. (ET). A conference call to discuss the results and the company's acquisition of Alaska Communications is scheduled for July 29, 2021, at 10:00 a.m. (ET). Interested parties can join the call by dialing (877) 734-4582 for US/Canada or (678) 905-9376 for international calls, using the Conference ID: 7032438. A replay will be available post-call at ir.atni.com.