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.
Hexa Capital Consultancy PLT has appointed Alaska Communications as the U.S. Landing Party for the Malaysia-US (MYUS) cable. The MYUS cable, set to be operational by mid-2028, will provide the first direct high-capacity fiberoptic connection between Malaysia and the U.S. It will connect Malaysia, Indonesia, the Philippines, Guam, and Oregon, offering a reliable route that avoids contested waters in Southeast Asia.
The cable will land at Alaska Communications' station in Florence, Oregon, chosen for its strategic location and access to multiple fiber backhaul providers. MYUS will feature 16 fiber pairs along its backbone, with Hexa's business model focusing on selling fiber pairs to long-term owners demanding high performance and reliability.
Alaska Communications has appointed Dale Knipp as senior vice president, business to drive growth and become the provider of choice in Alaska. Knipp, an experienced telecom leader, will oversee all business sales teams, including enterprise, wholesale, carrier, federal, managed IT services, and SMB. With an extensive background in business development and sales leadership, Knipp has worked with major telecoms like Comcast, Verizon, Cox, Dish, and Charter. At Comcast, he led a team that generated over $1.5 billion in total contract revenue. Knipp holds degrees from the University of Kansas and University of Phoenix, as well as an executive management certification from Carnegie Mellon University. He joins Alaska Communications on September 9, 2024.
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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