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. (Nasdaq: ATNI) is a provider of digital infrastructure and communications services headquartered in Beverly, Massachusetts. The company reports that it operates in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets that require ongoing infrastructure investment.
This news page aggregates updates and announcements related to ATN International, Inc. and its affiliates. Readers can find earnings releases where the company reports quarterly financial results, including revenue by segment, operating income, and non-GAAP measures such as EBITDA, Adjusted EBITDA, Net Debt, and Net Debt Ratio. These releases also discuss trends in high-speed broadband homes passed, broadband customers, fiber route miles, and international mobile subscribers.
News items also cover Board and shareholder actions, such as declarations of quarterly dividends on ATN’s common stock and the outcomes of the company’s Annual Meeting of Stockholders. In addition, ATN and its affiliate Alaska Communications publish updates on network projects and service developments, including upgrades to submarine fiber optic cables and the introduction of managed Wi-Fi offerings for small businesses in Alaska.
Investors and followers of ATNI can use this page to review company communications about its advanced wireless and wireline connectivity services, carrier and enterprise communications services, and its focus on rural and remote markets. Regularly reviewing these articles can help readers understand how ATN describes its operating performance, network investments, and capital allocation decisions over time.
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.
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.