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 (ATNI) delivers essential telecommunications services to rural and remote markets across North America, the Caribbean, and Bermuda. This news hub provides investors and industry observers with timely updates on the company’s progress in bridging digital divides through wireless solutions, broadband expansion, and infrastructure development.
Access all official ATNI press releases and curated news coverage in one location, including updates on network investments, regulatory developments, and market expansions. Our repository helps stakeholders track:
• Earnings reports and financial performance
• Strategic partnerships with local communities
• Technology deployments in underserved regions
• Leadership announcements and operational milestones
Bookmark this page for streamlined access to ATN International’s latest developments. Check regularly for updates on how the company continues to connect challenging markets with modern digital infrastructure solutions.
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.
Alaska Communications has announced the provision of home internet services to educators, students, and families in 10 villages within the Lower Yukon School District (LYSD) using hybrid satellite technology. The initiative, supported by the Emergency Connectivity Fund from the FCC, will provide free service until June 30, 2023. This partnership aims to enhance educational access in some of Alaska's most remote communities, with service available starting this fall. Alaska Communications also supplies fiber connectivity to LYSD’s Kusilvak Career Academy in Anchorage.
ATN International reported a 45% increase in revenues for Q2 2022, totaling $179.5 million, driven by the acquisition of Alaska Communications. However, the company also faced a net loss of $0.5 million compared to a net income of $2.0 million last year. Adjusted EBITDA rose to $39.2 million, an increase from $25.2 million in Q2 2021. Capital expenditures reached $40.6 million. Additionally, ATN has announced plans to acquire Sacred Wind Enterprises, aiming to enhance broadband services in rural New Mexico.
