Atn Internationl Stock Price, News & Analysis

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.

Geoverse partners with Sigma IT Consulting and Senseware to launch a solution aimed at safely reopening businesses and communities. This collaboration integrates AI and IoT technology to monitor environmental conditions in real-time, including air quality and compliance with safety protocols. Equipped with thermal cameras, the system identifies individuals adhering to guidelines and detects elevated temperatures. The solution, already deployed in Bellevue, Washington, enhances operational efficiency and safety, thereby facilitating a smoother transition back to physical workspaces.

ATN International reported fourth quarter 2020 consolidated revenues of $123.7 million, a 10% increase year-over-year, despite an operating loss of $14.7 million due to a $21.5 million loss on the sale of part of its solar business. Operating income for the full year was $9.2 million, down from $13.4 million in 2019. The company's International Telecom operations posted positive results, while US Telecom showed a decline in operating income. ATN is optimistic about the upcoming acquisition of Alaska Communications, anticipating new revenue opportunities.

ATN International (Nasdaq: ATNI) will report its fourth quarter and full year 2020 results on February 23, 2021, at approximately 5:00 p.m. (ET). A conference call to discuss these results is scheduled for February 24, 2021, at 9:30 a.m. (ET). Investors can join the call by dialing (877) 734-4582 for US/Canada or (678) 905-9376 internationally, using conference ID 8883323. A replay will be available on the company's investor relations website starting at 1:00 p.m. (ET) on the same day.

Geoverse has partnered with ClearBlade to enhance economic growth and operational excellence through intelligent automation and connectivity. This collaboration combines Geoverse's private network with ClearBlade's IoT solutions, facilitating smarter and more efficient operations. Key features include intelligent device monitoring, asset tracking, and real-time location awareness, which are scalable across various environments. The integrated solution is commercially available now, offering enterprises a robust platform for deploying IoT applications seamlessly and securely.

ATN International has announced its acquisition of Alaska Communications Systems Group for approximately $332 million in cash. The deal involves purchasing all outstanding shares at $3.40 each, funded by ATN and financial partner Freedom 3 Capital. The transaction aims to enhance ATN's market presence, leveraging existing operational capabilities to improve service delivery in Alaska. The acquisition is subject to stockholder and regulatory approvals, and is expected to close in the second half of 2021.

Geoverse has successfully completed its first standalone 5G data session using the GeoCore intelligent service platform. This milestone paves the way for a nationwide rollout of standalone 5G services in the first half of 2021, enhancing network performance for enterprises. Geoverse aims to facilitate the transition to 5G by integrating capabilities into its existing 4G/LTE offerings, providing flexibility through a multi-RAN architecture. CEO Rod Nelson highlights the potential of 5G to drive innovation across various industries, including smart cities, healthcare, and manufacturing.

Geoverse has launched Virtual Voice Connect (VVC) and Enterprise Voice Connect (EVC), enhancing its private cellular network with advanced voice calling capabilities. These solutions enable enterprises to expand mobile communication easily and affordably, leveraging existing smartphones for a superior user experience. With compliance to 3GPP and QoS standards, Geoverse ensures high-quality, secure voice communications on a national scale. This offering targets organizations looking to upgrade their voice services without significant capital investments.