ATN International, Inc - ATNI STOCK NEWS

Commnet Broadband, a subsidiary of ATN International (NASDAQ: ATNI), has finalized its acquisition of Sacred Wind Enterprises, enhancing its broadband infrastructure in the rural Southwest, particularly New Mexico. This strategic move aims to broaden Commnet's wholesale and residential services, addressing the digital divide in underserved communities. The integration promises to leverage Sacred Wind’s existing fiber infrastructure and backlog of projects, facilitating growth in high-speed internet services.

ATN International reported a 9% revenue increase to $182.2 million for Q3 2022, up from $166.8 million last year. However, the net loss rose to $2.8 million compared to $2.6 million a year prior. EBITDA improved to $38 million from $31.4 million, while Adjusted EBITDA increased to $41.9 million from $36.8 million. Noteworthy achievements include securing $144 million in connectivity grant funding since July 2022 and achieving growth in international mobility subscribers and revenues by 9% and 11%, respectively.

ATN International, Inc. (Nasdaq: ATNI) will release its third quarter 2022 results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 10:00 a.m. ET to discuss the results. The call will be accessible via a webcast or by registering using the provided links. ATN specializes in digital infrastructure and communications services across the U.S. and internationally, focusing on rural and remote markets.

Alaska Communications is collaborating with Oregon State University to collect wave activity data from the ocean floor using its subsea fiber optic cable. A research team, led by Assistant Professor Meagan Wengrove, attached a DAS interrogator to the fiber, enabling data collection on wave interactions, especially for predicting sneaker waves. This project aims to enhance understanding and provide warnings for coastal communities about dangerous wave activity. Alaska Communications highlights its substantial infrastructure supporting such research.

More than 2,300 rural Alaskans in seven communities will gain access to affordable, high-speed internet through a tribal broadband grant from the NTIA. This initiative, involving Calista Corporation and Alaska Communications, aims to enhance connectivity for underserved regions, promoting virtual meetings, online education, and telehealth. The Alaska FiberOptic Project will connect up to 20 communities along the Yukon and Kuskokwim Rivers, with Alaska Communications offering Gigabit-speed service and a $75/month discount for qualifying households. This project addresses the digital divide highlighted during the COVID-19 pandemic.

ATN International, Inc. (Nasdaq: ATNI) has declared a quarterly dividend of $0.17 per share, set for payment on October 7, 2022. This dividend will be distributed to stockholders of record as of September 30, 2022. The company, based in Beverly, Massachusetts, offers digital infrastructure and communication services, focusing on rural and remote markets, with a growing need for infrastructure investment. Its subsidiaries provide various connectivity solutions, including high-speed Internet and carrier services.

ATN International, Inc. (Nasdaq: ATNI), a key player in digital infrastructure and communications, will participate in a fireside chat at the Sidoti & Company Fall 2022 Virtual Investor Conference on September 21, 2022, at 10:45 a.m. EST. CEO Michael Prior and CFO Justin Benincasa will also host one-on-one virtual meetings with investors during the event. The webcast will be available live and for replay on ATN's investor relations website for 90 days.

ATN specializes in connectivity solutions in rural and remote markets across the U.S. and the Caribbean.

Alaska Communications has launched its Security as a Service offering to help businesses tackle the growing threat of cybercrime. Director Cindy Christopher emphasizes the need for managed security services in Alaska, where skilled cybersecurity personnel are scarce and costly. The service includes penetration testing, network security assessments, and employee training. Additionally, the company will host a free webinar on cybersecurity solutions, commencing with a session on penetration testing.

Over 1,000 rural Alaskans in five communities will gain access to affordable, high-speed internet through a tribal broadband grant from the National Telecommunications and Information Administration (NTIA). The partnership between Doyon, Limited and Alaska Communications aims to connect underserved regions using a fiber-optic cable network. This initiative will enhance online access to education, healthcare, and job opportunities in Fort Yukon, Beaver, Stevens Village, Rampart, and Tanana. The Alaska FiberOptic Project is set to benefit up to 20 communities along the Yukon and Kuskokwim Rivers.