ATN International, Inc. - ATNI STOCK NEWS

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.

ATN International, Inc. reported first quarter 2024 results with revenues increasing by 1% to $186.8 million. Total high-speed broadband subscribers increased by 12% and broadband homes passed by high-speed data services expanded by 28%. However, delays in certain US Segment Carrier Services Projects and lower domestic business revenues impacted the first quarter net loss and Adjusted EBITDA. The company revised its full year 2024 outlook, expecting revenue in the range of $730 million to $750 million, Adjusted EBITDA in the range of $190 million to $200 million, and Capital Expenditures in the range of $100 million to $110 million. The net debt ratio is expected to be in the range of 2.25x to 2.50x exiting 2024.

ATN International, Inc. to Release First Quarter 2024 Results on April 24, 2024, and Host Conference Call on April 25, 2024

ATN International, Inc. (ATNI) corrects dividend announcement from $0.21 to $0.24 per share, payable on April 5, 2024. Board of Directors declared a quarterly dividend for stockholders.

ATN International, Inc. (ATNI) declares a quarterly dividend of $0.21 per share, payable on April 5, 2024, to stockholders of record as of March 31, 2024.

ATN International, Inc. (ATNI) provides an update on its progress and outlook at the Sidoti Spring 2024 Small Cap Virtual Conference. The company highlights its strategic investments, growth strategies, and financial guidance for 2024. ATN remains focused on expanding its network, increasing broadband subscribers, and managing exposure to the Affordable Connectivity Program. The company reaffirms its full-year 2024 revenue, Adjusted EBITDA, capital expenditures, and net debt ratio outlook. ATN's three-year strategic investment plan is driving growth, with significant network expansion and subscriber increases. The company has limited exposure to the ACP and has mitigation measures in place. Non-GAAP financial measures are provided to enhance investor understanding of the company's performance.