ATN International, Inc - ATNI STOCK NEWS

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.

Commnet Broadband, a subsidiary of ATN International Inc. (NASDAQ: ATNI), is set to acquire Sacred Wind Enterprises, enhancing its broadband services in rural New Mexico. This acquisition aims to expand infrastructure and increase Commnet's service capacity for wholesale, residential, and business broadband. The deal requires approval from the Federal Communications Commission and is anticipated to close in the coming months. Both companies will retain their brands, ensuring continuity of service for customers in the region.

ATN International (ATNI) will announce its second quarter 2022 results on July 27, 2022, after market close. A conference call to discuss these results will take place at 10:00 a.m. ET on July 28, 2022. Investors can access the live call via a provided link and a replay will be available afterward. ATN, focused on digital infrastructure and communications services, primarily serves rural and remote markets.

ATN International announced a quarterly dividend of $0.17 per share, payable on July 8, 2022. The dividend will be distributed to stockholders of record as of June 30, 2022. The company specializes in providing digital infrastructure and communications services in both the United States and the Caribbean, focusing on rural markets.

ATN's operations include advanced wireless and wireline connectivity and carrier communications services.

Alaska Communications has launched a new fiber optic internet service in select neighborhoods of Anchorage, Fairbanks, and Soldotna, Alaska. The service, named Alaska Communications Fiber, offers speeds up to 2.5 Gbps with low latency and reliable connectivity, catering to the growing demand for high-speed internet for remote work and streaming. This fiber service provides symmetric speeds and unlimited data without term contracts, enhancing the internet experience for users. The company aims to support Alaskans' needs with advanced broadband solutions.

ATN International (Nasdaq: ATNI) revised its three-year revenue outlook, projecting 2024 revenues between $770 million and $810 million. In Q1 2022, revenues rose to $172 million, a 38% increase year-over-year, primarily driven by the acquisition of Alaska Communications. However, net loss was $1 million, contrasting with a previous net income of $2.7 million. Adjusted EBITDA reached $40.6 million, up from $24.7 million last year. The company emphasizes its commitment to expanding fiber networks and improving broadband access across its service areas.

ATN International reported strong Q1 2022 results, with revenues reaching $172.0 million, a 38% increase from $124.5 million a year prior, primarily due to the acquisition of Alaska Communications. However, the company posted a net loss of $1.0 million, contrasting with last year’s net income of $2.7 million. Adjusted EBITDA rose to $40.6 million from $24.7 million year-over-year. Capital expenditures were $34.5 million, while cash equivalents totaled $76.8 million.

ATN International, Inc. (Nasdaq: ATNI) announced the release of its first quarter 2022 financial results on April 27, 2022, post-market. A conference call to discuss these results is scheduled for April 28, 2022, at 10:30 a.m. ET. Investors can join via dial-in or access a live audio webcast on the company’s Investor Relations website. ATN provides digital infrastructure and communications services, focusing on rural and remote markets in the U.S. and internationally, including advanced wireless and wireline connectivity, video, voice, and data services.

Alaska Communications and OTZ Telecom are collaborating to provide home internet services using low-latency satellite technology to 10 remote villages in Northwest Alaska. This initiative is aimed at enhancing educational opportunities and closing the digital divide in underserved areas. Funded by the FCC's Emergency Connectivity Fund, the service will be offered at no cost to students, school staff, and library patrons through June 30, 2023. Alaska Communications will supply the satellite service while OTZ Telecom will manage the internet distribution.