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
Alaska Communications has secured a new $390 million senior secured credit facility to enhance and expand its statewide fiber infrastructure. The five-year financing will be used to repay existing debt and invest in expanding the company's fiber network, which currently spans 9,100 miles across Alaska. CEO Matt McConnell emphasized the significance of this financing in contributing to a stronger state economy and meeting growing connectivity demands. The company aims to enhance fiber-based connectivity and increase fiber capacity throughout Alaska. Rothschild & Co served as the financial advisor, while Bank of America and Fifth Third Bank acted as Joint Bookrunners and Joint Lead Arrangers for the deal.
ATN International (ATNI) reported Q2 2024 results and reiterated its full-year 2024 outlook. Key highlights:
- Consolidated revenues decreased 2% to $183.3 million
- Net income increased to $9.0 million, or $0.50 per diluted share
- Adjusted EBITDA increased 6% to $48.7 million
- Total high-speed broadband subscribers increased by 9%
- Broadband homes passed by high-speed data services expanded by 22%
The company reaffirmed its 2024 outlook, expecting revenue of $730-750 million and Adjusted EBITDA of $190-200 million. ATN is focusing on leveraging its network investments to drive growth in high-speed data subscribers and network reach while improving operating efficiency.
ATN International (Nasdaq: ATNI) announced it will release its second quarter 2024 financial results on July 24, 2024, after market close. The company will host a conference call to discuss the results on July 25, 2024, at 10:00 a.m. ET. Investors can participate in the live call or access the webcast through ATN's Investor Relations website.
Key details include the call date and time, and how to access the webcast and live call. A replay and supplementary investor presentation will be available on the same day from 1:00 p.m. ET. Participants must register to receive dial-in numbers and a unique PIN for the live call.
ATN International (Nasdaq: ATNI) announced that its Board of Directors has declared a quarterly dividend of $0.24 per share. This dividend will be payable on July 10, 2024, to all common shareholders of record as of June 30, 2024.
Matanuska Telecom Association (MTA) and Alaska Communications are partnering to promote telecom careers in Alaska. This collaboration supports the NECA/IBEW’s Alaska Joint Electrical Apprenticeship and Training Trust (AJEATT), offering hands-on and classroom training for electrical and telecom jobs. With $2 billion in federal funding for rural broadband, and MTA and Alaska Communications securing significant grants, the partnership aims to address the growing need for skilled telecom workers in the state. Apprentices receive free schooling, competitive salaries, and job placements, potentially earning $90,000 annually with additional benefits.
The initiative aims to close the digital divide in underserved Alaskan communities by constructing new fiber networks. Training centers in Anchorage and Fairbanks will facilitate this development. Leaders from the telecom industry emphasize the importance of this program in ensuring connectivity and job growth within Alaska.
Commnet Broadband is revolutionizing in-home connectivity in rural American Southwest with Adtran Intellifi® by deploying Mosaic One with cloud-managed SaaS to provide high-quality Wi-Fi to underserved communities. The next-gen technology enhances network management, subscriber satisfaction, and digital inclusion through remote activation and troubleshooting, reducing costs and driving efficiencies.
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