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ATN International, Inc. - $ATNI STOCK NEWS

Welcome to our dedicated page for ATN International news (Ticker: $ATNI), a resource for investors and traders seeking the latest updates and insights on ATN International stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ATN International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ATN International's position in the market.

Rhea-AI Summary

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.

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End-of-Day
2.82%
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partnership
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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.

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-3.52%
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Rhea-AI Summary
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.
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-32.8%
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ATN International, Inc. to Release First Quarter 2024 Results on April 24, 2024, and Host Conference Call on April 25, 2024
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End-of-Day
-4.07%
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conferences earnings
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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.
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-3.34%
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dividends
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News
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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.
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-3.34%
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dividends
Rhea-AI Summary
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.
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-3.12%
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Rhea-AI Summary
Alaska Communications appoints industry leader Jeff Vogt as Chief Operating Officer to drive strategic growth and enhance customer experience. Vogt brings a wealth of experience from top companies like Actif.AI, Comcast, and Level 3 Communications.
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-0.3%
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Rhea-AI Summary
ATN International, Inc. (ATNI) will present at the Sidoti & Company, LLC Spring 2024 Small Cap Virtual Investor Conference. CEO Brad Martin and CFO Carlos Doglioli will participate, offering virtual meetings with investors. The presentation is scheduled for Thursday, March 14th, at 9:15am ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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conferences
Rhea-AI Summary
ATN International, Inc. reported a 4% increase in fourth-quarter revenues to $199.0 million and a 5% increase in full-year revenues to $762.2 million. Total high-speed broadband subscribers grew by 20%, and broadband homes passed by high-speed data services expanded by 33%. Operating income decreased by 30% in the fourth quarter but increased by 66% for the full year. Adjusted EBITDA increased by 13% in the fourth quarter and 10% for the full year. The company provided a 2024 outlook with revenue expected to be in the range of $750 to $770 million, Adjusted EBITDA in the range of $200 to $208 million, and capital expenditures in the range of $110 to $120 million.
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End-of-Day
-20.53%
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ATN International, Inc.

Nasdaq:ATNI

ATNI Rankings

ATNI Stock Data

360.57M
10.19M
32.38%
67.2%
1.2%
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United States of America
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About ATNI

atlantic tele-network, inc. (atn) is a telecommunications company that provides service to under-served markets in north america and the caribbean. through our operating subsidiaries, we provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services.