ATN International, Inc. provides digital infrastructure and communications services in the United States and internationally, including the Caribbean region, with a focus on rural and remote markets. Its subsidiaries deliver wireless and wireline connectivity for residential, business and government customers, including high-speed Internet and data services, fixed and mobile wireless solutions, video and voice services, terrestrial and submarine fiber optic transport, and communications tower facilities.
ATNI news commonly covers quarterly operating results, broadband homes passed and subscriber trends, international mobile activity, capital spending, dividends, executive leadership changes, and updates from Alaska Communications. Company announcements also include broadband network expansion, managed connectivity services, home Wi-Fi offerings, and government-supported infrastructure projects in underserved markets.
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.
Alaska Communications has successfully expanded broadband service to over 23,000 locations in underserved areas of Alaska since 2017, partly funded by the FCC Connect America Fund Phase II program. In 2021, high-speed services were launched or expanded in several communities, including Fairbanks and Soldotna. CEO Bill Bishop highlights the importance of broadband for telemedicine and education, emphasizing ongoing network expansions and consumer demand. The company's service offers speeds exceeding FCC requirements, poised to enhance connectivity and opportunities for Alaskans in 2022.
Alaska Communications has established the Alaska Communications Advisory Board to enhance decision-making with diverse community insights. This initiative is led by CEO Bill Bishop, aiming to address the needs of local businesses and consumers in Alaska.
The inaugural advisory board comprises five local leaders, including David Karp from Saltchuk and Denali Kemppel from Hilcorp Alaska. Their focus will be on identifying opportunities and fostering dialogue within the community, thereby strengthening Alaska Communications' market position.
ATN International, Inc. (Nasdaq: ATNI) announced a quarterly dividend of $0.17 per share, set to be paid on January 7, 2022, to stockholders of record by December 31, 2021. The company operates communications and technology services across the United States and internationally, focusing on infrastructure investments and technology improvements, particularly in areas with high demand for connectivity solutions. Its services include advanced wireless, wireline connectivity, video, and voice services, as well as wholesale communication infrastructure.
Geoverse has announced a partnership with WCI Technologies to enhance private cellular solutions across various sectors, including energy and hospitality. This collaboration enables WCI to offer differentiated private cellular networks utilizing both Citizens Broadband Radio Service (CBRS) and licensed LTE spectrum, promoting seamless connectivity and secure operations. The partnership aims to cater to organizations seeking advanced telecommunications solutions, ultimately driving user experience improvements and operational efficiency.
Geoverse is set to deploy a pilot for a CBRS based neutral host network at the Caribe Royale Orlando, enhancing cellular coverage across the resort. This venue, the largest all-suites property in Central Florida, seeks to improve guest experiences through reliable connectivity. The neutral host solution offers advantages over traditional systems, including cost efficiency and flexibility. The partnership aims to integrate private cellular services with existing Wi-Fi to boost operational efficiency and connectivity for guests and staff alike.
Alaska Communications has launched services utilizing low Earth orbit (LEO) satellites, enhancing connectivity for businesses, schools, and healthcare providers in Alaska. The new service offers high-speed, low-latency internet access, enabling applications like telehealth and cloud computing. President and CEO Bill Bishop highlighted this development as a milestone for the company's customer service capabilities. They have also partnered with Bristol Bay Telephone Cooperative to further improve local connectivity. This initiative marks a significant step in meeting the growing internet demands in remote areas.
ATN International, Inc. (Nasdaq: ATNI) reported a 49% year-on-year revenue growth in Q3 2021, reaching $166.8 million. This was primarily driven by the acquisition of Alaska Communications, which contributed $46.8 million to revenues. Despite a net loss of $2.6 million for the quarter, Adjusted EBITDA rose to $36.8 million, aided by increased fiber-based services and FirstNet construction revenues. The company is focusing on expanding its domestic network and enhancing international telecom services to capitalize on growth opportunities.
Alaska Communications has partnered with OneWeb to provide low Earth orbit (LEO) satellite services to Bristol Bay Telephone Cooperative, enhancing connectivity in the remote Bristol Bay region. This partnership aims to reduce high data costs and improve internet access for local residents. The LEO service will initially connect BBTC's offices and facilities, with plans to extend this service to residents. The rollout is expected to begin in November, offering affordable mobile data options for the community.