Welcome to our dedicated page for ATN International news (Ticker: ATNI), a resource for investors and traders seeking the latest updates and insights on ATN International stock.
ATN International, Inc. (Nasdaq: ATNI) is a prominent provider of digital infrastructure and communications services, with a special focus on serving underserved and rural markets in North America and the Caribbean. Headquartered in Beverly, Massachusetts, ATN International operates through its various subsidiaries to deliver both wireless and wireline connectivity solutions. These include high-speed broadband internet, mobile wireless services, voice services, and local exchange services, ensuring reliable communication for residential, business, and government customers.
ATN International's operations are broadly categorized into two segments: US Telecom and International Telecom. The company's strategic initiatives, such as its
Geoverse, a private cellular network operator and subsidiary of ATN International (NASDAQ: ATNI), has launched its Network as a Service (NaaS) platform. This platform allows enterprises, OEMs, and systems integrators to enhance their private cellular networks using technologies like citizens band radio service (CBRS). The NaaS platform provides functionality such as roaming, VoLTE, and analytics, supporting fast deployment options. Geoverse aims to cater to growing demand for private networks by leveraging existing partnerships with over 90 service providers.
Geoverse announces the appointment of Bob Gault as the new Chief Commercial Officer. Gault will oversee sales and marketing efforts, aiming to expand partnerships and enhance business opportunities.
Reporting directly to CEO Rod Nelson, his role comes at a crucial growth phase for Geoverse, which operates in the private cellular network sector. Gault, previously Chief Revenue Officer at Extreme Networks, brings extensive experience from Cisco, indicating a strategic push to capitalize on market opportunities.
ATN International (Nasdaq: ATNI) reported third quarter 2020 results showing resilience amid pandemic challenges. Revenues decreased by 3% to $111.7 million, with operating income at $9.6 million, down from $10.2 million in Q3 2019. International Telecom segment grew revenues by 1% to $82.5 million, benefiting from cost reductions and increasing demand for broadband services. US Telecom revenues fell 15% to $28.1 million due to restructuring impacts. The company maintained a strong cash position with $136.2 million in cash and reported improved operating cash flow of $71.6 million year-to-date.
ATN International (Nasdaq: ATNI) will report its third quarter 2020 results on October 28, 2020, at approximately 5:00 p.m. (ET). Following this, a conference call is scheduled for October 29, 2020, at 11:00 a.m. (ET) to discuss these results. Investors can join the call by dialing (877) 734-4582 for US/Canada or (678) 905-9376 internationally, using conference ID 6472418. The call will also be available online via ATN's investor relations site. A replay of the call will be accessible after 2:00 p.m. (ET) on the same day.
ATN International (Nasdaq: ATNI) has declared a quarterly dividend of $0.17 per share, set to be paid on October 9, 2020. Stockholders must be on record by September 30, 2020 to receive this dividend. The company focuses on enhancing communications, energy, and technology infrastructure across the U.S., Caribbean, and Asia-Pacific, offering services such as mobile connectivity, high-speed internet, and solar electric power.
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 September 24, 2020, at 12:15 PM ET. The executives will also be available for one-on-one meetings throughout the day. ATN International focuses on investing and operating communication, energy, and technology businesses, primarily providing advanced connectivity, solar electric power, and wholesale communications services across the U.S., Caribbean, and Asia-Pacific regions.
ATN (NASDAQ: ATNI) will present at the Oppenheimer Virtual 23rd Annual Technology, Internet & Communications Conference on August 11, 2020. CEO Michael T. Prior and CFO Justin D. Benincasa are scheduled to participate in a fireside chat at 4:20pm ET, with opportunities for one-on-one meetings throughout the day. ATN International operates in communications, energy, and technology sectors, focusing on significant infrastructure investments across the U.S., the Caribbean, and Asia-Pacific.
ATN International reported Q2 2020 results with consolidated revenues of $109.1 million, up 1% year-over-year. Operating income increased to $7.0 million, and EBITDA rose 19% to $29.0 million. The International Telecom segment showed resilience, fueled by growing demand for broadband services, while US Telecom benefited from federal revenue support. However, the company faces challenges due to pandemic-related delays impacting international markets and construction timelines. The total cash standing was $125.9 million, providing financial flexibility.
ATN International (Nasdaq: ATNI) will release its second quarter 2020 financial results on July 29, 2020, at 5:00 p.m. ET. Following this, a conference call is scheduled for July 30, 2020, at 11:30 a.m. ET, to discuss the results. Interested parties can join by dialing (877) 734-4582 for US/Canada or (678) 905-9376 for international callers, using Conference ID 4642926. A replay of the call will be available starting at 2:30 p.m. ET the same day at ir.atni.com.
ATN International focuses on communications, energy, and technology investments.
JCI US Inc., a subsidiary of Japan Communications Inc., has launched a new service leveraging Geoverse's Network-as-a-Service for private LTE network solutions. This offering includes Citizens Broadband Radio Service (CBRS) and public cellular networks, enabled via JCIUS' USIM programmable SIM platform. Geoverse, under ATN International, provides dedicated Edge Enhanced Packet Core networks for this service. The partnership aims to enhance JCI's portfolio of CBRS solutions, enabling customers to connect seamlessly to private and public networks.
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