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.
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.
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ATN International, Inc. (Nasdaq: ATNI) declared a quarterly dividend of $0.17 per share, payable on July 9, 2021, to stockholders of record as of June 30, 2021. This decision reflects ATN's ongoing commitment to delivering shareholder value. The company, headquartered in Beverly, Massachusetts, operates in communications, energy, and technology sectors both in the U.S. and internationally, particularly in infrastructure-focused markets. Services include advanced wireless connectivity, high-speed internet, and wholesale communications infrastructure.
Geoverse has launched a new online portal to empower its partner community in delivering managed private cellular solutions. This initiative is part of the company's ongoing strategy, initiated with a national partner program in December 2020, aimed at meeting the growing demand for private cellular solutions among enterprises and property owners. The portal offers essential resources including training, real-world use cases, and tools for deal registration. Geoverse aims to foster partner success through effective support and a flexible service model, enhancing revenue and market opportunities.
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.