Atn Internationl Stock Price, News & Analysis

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.

ATN International (Nasdaq: ATNI) has announced a quarterly dividend of $0.17 per share, set for payment on April 15, 2022. Stockholders of record as of April 8, 2022 will be eligible. The company focuses on providing digital infrastructure and communications services in the U.S. and Caribbean, particularly in rural areas. ATN offers advanced wireless and wireline connectivity, high-speed Internet, and enterprise communications services, including fiber optic transport.

ATN International, Inc. (Nasdaq: ATNI) has announced the appointment of April V. Henry to its board of directors. With over 20 years in the technology sector, Henry has a strong background in advising major corporations and investors. She founded Hawkeye Digital and is the Executive Vice President of Corporate Development for Science Inc. and Science Strategic Acquisition Corp. Alpha. Chairman and CEO Michael T. Prior highlighted her expertise in driving growth and enhancing shareholder value, particularly in assessing strategic partnerships and industry trends.

ATN International, a leading digital infrastructure provider, announced CEO Michael Prior and CFO Justin Benincasa will participate in a fireside chat at the Sidoti & Company Spring 2022 Small Cap Virtual Investor Conference on March 24, 2022, from 9:15-9:45 a.m. ET. They will also conduct one-on-one virtual meetings with investors. A live webcast will be available on the ATN investor relations website, with a replay offered shortly after the event. ATN focuses on providing advanced connectivity services in rural and remote areas.

Alaska Communications appoints Sandy Knechtel as Chief Operations Officer to enhance service offerings and operations. Knechtel, with prior management experience at Alaska Communications from 2009 to 2015, has a proven track record in the telecommunications industry. Under his leadership, Alaska Communications aims to address the digital divide in Alaska and improve broadband access. Bill Bishop, the company's president, emphasizes Knechtel's commitment to Alaska and familiarity with the local market, which positions him well to help the company realize its growth objectives.

Commnet Broadband has entered into a multi-year Memorandum of Understanding with AWS to enhance its network and offer cloud services to rural areas in the U.S. This partnership aims to provide reliable broadband connections to previously underserved regions, impacting sectors such as healthcare and education. CEO Tom Guthrie emphasized the need for rural communities to access cloud capabilities like urban areas. By partnering with AWS, Commnet is pursuing a shift towards sustainable cloud-based broadband services, benefiting both its customers and partner organizations.

Alaska Communications continues its support for winter traditions in Alaska, primarily sponsoring musher Ramey Smyth, a notable competitor in the Iditarod. Having participated in the race 27 times and finished in the top ten 11 times, his dedication exemplifies the Alaska spirit. The Iditarod begins its ceremonial start on March 5 in Anchorage, followed by the official race start on March 6 in Willow. Additionally, Alaska Communications supports the Fur Rondy festival, which runs from Feb. 25 to March 6, benefiting local commerce and nonprofits.

ATN International reported a 52% revenue increase to $187.6 million in Q4 2021, driven by the acquisition of Alaska Communications. Despite a net loss of $24.2 million due to a $20.6 million goodwill impairment, the company saw Adjusted EBITDA rise to $42.3 million from $30.5 million year-over-year. Operating segments showed mixed results, with US Telecom revenues rising significantly while facing higher operating losses. Looking ahead, ATN aims for continued revenue and EBITDA growth, forecasting $165-$170 million in Adjusted EBITDA for 2022.

ATN International, Inc. (ATNI) will release its fourth quarter and full year 2021 financial results on February 23, 2022, after market close. A conference call to discuss these results is scheduled for February 24, 2022, at 12:00 p.m. ET. Dial-in options include (877) 734-4582 for US/Canada and (678) 905-9376 for international callers, with Conference ID 3769601. The event will be accessible via a live audio webcast on the company's Investor Relations website, which will also host a replay after the call.