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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
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ATN International, Inc. reported a 4% increase in fourth-quarter revenues to $199.0 million and a 5% increase in full-year revenues to $762.2 million. Total high-speed broadband subscribers grew by 20%, and broadband homes passed by high-speed data services expanded by 33%. Operating income decreased by 30% in the fourth quarter but increased by 66% for the full year. Adjusted EBITDA increased by 13% in the fourth quarter and 10% for the full year. The company provided a 2024 outlook with revenue expected to be in the range of $750 to $770 million, Adjusted EBITDA in the range of $200 to $208 million, and capital expenditures in the range of $110 to $120 million.
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ATN International, Inc. will release its fourth quarter and full year 2023 results on February 21, 2024, after market close. The Company will host a conference call to discuss its results on February 22, 2024, at 10:00 a.m. ET. The call will be accessible through a webcast link and live call participant link provided by the Company.
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Alaska Communications is doubling down on its focus to provide Alaskans with broadband solutions, deploying high-speed internet to over 25,000 locations through the CAF II program. The company plans to invest $40 million in 2024, including in its state-of-the-art fiber to the home network, offering the fastest upload speeds in Alaska.
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ATN International, Inc. (ATN) announced an expansion of its share repurchase program to $25 million and a 14% increase in quarterly dividends to $0.24 per share from $0.21. The quarterly dividend will be payable on January 5, 2024, to stockholders of record as of December 31, 2023. ATN's Chairman and CEO, Michael Prior, expressed confidence in the company's ability to execute its strategic plan and generate strong operating cash flows and sustainable growth. The company remains committed to a balanced capital allocation strategy, including acquisitions, internal investments, share repurchases, and dividends.
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Alaska Communications: Matthew (Matt) McConnell Named President and CEO. The Alaska Communications board of directors has appointed Matthew (Matt) McConnell as president and chief executive officer. McConnell, a seasoned CEO and COO, brings over three decades of experience in technology companies. He has held leadership roles at MediaKind, Cantaloupe, Comcast NBCUniversal, Troppus Software Corporation, and Level 3 Communications. McConnell's extensive experience and leadership style are expected to serve Alaska Communications' customers, community, and partners well into the future.
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ATN International, Inc. (Nasdaq: ATNI) announced a leadership transition, with COO Brad Martin succeeding Michael Prior as President and CEO, effective January 1, 2024. Justin Benincasa, the CFO, will retire in March 2024, and Carlos Doglioli will become the new CFO. The transition aims to ensure the continuity of the leadership team and the long-term success of ATN, focusing on executing the company's growth strategy and enhancing operating and capital efficiency.
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ATN International, Inc. reported solid revenue growth of 5% in Q3 2023. They achieved strong high-speed broadband subscriber growth of 20% and a 13% annual increase in mobile subscribers in international markets. The company reiterates its 2023 outlook and provides preliminary guidance for 2024.
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ATN International, Inc. to release Q3 2023 results on October 25, 2023.
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Tanana Chiefs Conference awarded $35 million grant to install high-speed broadband in underserved communities in Alaska.
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ATN International declares quarterly dividend of $0.21 per share.
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FAQ
What is the current stock price of ATN International (ATNI)?
The current stock price of ATN International (ATNI) is $19.36 as of November 15, 2024.
What is the market cap of ATN International (ATNI)?
The market cap of ATN International (ATNI) is approximately 291.3M.
What does ATN International do?
ATN International provides digital infrastructure and telecommunications services, focusing on underserved and rural markets in North America and the Caribbean.
Where is ATN International headquartered?
ATN International is headquartered in Beverly, Massachusetts.
What are the main segments of ATN International's operations?
ATN International's operations are divided into two main segments: US Telecom and International Telecom.
What services does ATN International offer?
ATN International offers a range of services including wireless and wireline connectivity, high-speed broadband internet, mobile wireless services, local exchange services, and voice services.
What recent leadership changes have occurred at ATN International?
Brad Martin will succeed Michael Prior as President and CEO effective January 1, 2024. Justin Benincasa will retire as CFO, with Carlos Doglioli taking over the role.
What is the 'First-to-Fiber' strategy?
ATN International's 'First-to-Fiber' strategy aims to be the first provider to deliver high-speed fiber optic internet to rural and underserved areas.
What regions does ATN International primarily serve?
ATN International primarily serves rural and remote markets in the United States, Bermuda, and the Caribbean region.
How does ATN International contribute to digital inclusion?
ATN International invests in digital infrastructure to provide reliable internet and communication services to underserved and rural communities, enhancing connectivity and bridging the digital divide.
What is the 'Glass & Steel™' strategy?
The 'Glass & Steel™' strategy by ATN International focuses on integrating advanced fiber-optic ('glass') and steel tower infrastructure to enhance connectivity and service delivery.
How does ATN International support its subsidiaries?
ATN International supports its subsidiaries by providing strategic direction, financial backing, and access to advanced technologies to expand their service offerings and improve operational efficiency.
ATN International, Inc
Nasdaq:ATNI
ATNI Rankings
ATNI Stock Data
291.25M
15.11M
33.26%
67.11%
0.76%
Telecom Services
Telephone Communications (no Radiotelephone)
United States of America
BEVERLY