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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
ATN International, Inc. (ATNI) reported a revenue increase of 8% to $185.8 million for Q1 2023, driven by strong subscriber growth and high-speed broadband expansion. Total high-speed subscribers rose by 18%, while broadband homes passed grew by 56% due to investments in fiber networks in regions like Guyana and Alaska. Despite these gains, ATN faced a net loss of $(5.9) million, up from $(0.9) million a year ago, primarily due to increased interest expenses. Adjusted EBITDA rose 6% to $44.8 million. The company reiterated its 2023 outlook, projecting adjusted EBITDA of $183 million to $193 million and capital expenditures between $160 million and $170 million.
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