Atn Internationl Stock Price, News & Analysis

ATN International, Inc. (ATNI) reported a revenue increase of 8% to $185.8 million for Q1 2023, driven by strong subscriber growth and high-speed broadband expansion. Total high-speed subscribers rose by 18%, while broadband homes passed grew by 56% due to investments in fiber networks in regions like Guyana and Alaska. Despite these gains, ATN faced a net loss of $(5.9) million, up from $(0.9) million a year ago, primarily due to increased interest expenses. Adjusted EBITDA rose 6% to $44.8 million. The company reiterated its 2023 outlook, projecting adjusted EBITDA of $183 million to $193 million and capital expenditures between $160 million and $170 million.

ATN International (Nasdaq: ATNI) announced it will release its Q1 2023 financial results on April 26, 2023, after market close. Following the release, the company will host a conference call on April 27, 2023, at 10:00 a.m. ET to discuss the results.

The conference call will be accessible via a webcast, which can be found on the Company's Investor Relations website. A replay will be available shortly after the call concludes, alongside an investor presentation for further insights.

The Alaska Communications board has appointed Jim McCarley as interim CEO while Bill Bishop takes a leave of absence for health reasons related to cancer treatment. McCarley brings over 30 years of technology experience, including in aerospace and oil and gas, and has a strong track record in regulated industries. He will focus on engaging with employees, customers, and community leaders, and plans to move to Anchorage. McCarley will officially assume his role on April 24. Alaska Communications is a leading provider of broadband and managed IT services in Alaska and operates a statewide data network.

Alaska Communications is set to expand its fiber internet service to 14,000 homes in Anchorage and Fairbanks in 2023 after a successful pilot program. This expansion aims to enhance broadband access, which is crucial for economic growth and job creation in Alaska. The company offers three speed/price packages with symmetrical speeds up to 2.5 Gigabits per second. Additionally, the Alaska FiberOptic Project will connect up to 20 rural communities along the Yukon and Kuskokwim Rivers, ensuring affordable Gigabit speeds by 2025. The project is in collaboration with various local corporations.

ATN International, Inc. (Nasdaq: ATNI) announced a quarterly dividend of $0.21 per share, payable on April 7, 2023, to stockholders of record as of March 31, 2023. This decision reflects the company's commitment to providing returns to its shareholders. ATN operates in the digital infrastructure and communications sector, focusing on rural and remote markets in the U.S. and the Caribbean. The company offers advanced connectivity solutions, including high-speed Internet and various communication services.

ATN International, Inc. (Nasdaq: ATNI) announced participation in the Sidoti & Company, LLC Spring 2023 Small Cap Virtual Investor Conference. CEO Michael Prior and CFO Justin Benincasa will engage in a fireside chat on March 22, 2023, at 8:30 a.m. ET. Concurrently, they will hold virtual meetings with investors throughout the day. View the webcast on ATN's investor relations page, with an on-demand replay available for 90 days post-event. ATN focuses on providing digital infrastructure and communications services, particularly in rural and remote markets.

ATN International, Inc. (ATNI) reported a 2% rise in Q4 2022 revenues, totaling $192 million, with improved net loss of $1.4 million compared to a $24.2 million loss in the previous year. Full-year revenues surged 20% to $725.7 million, and EBITDA increased to $156.1 million. Capital expenditures reached $50.2 million in Q4 and $160.1 million for the year. Key growth drivers included a 44% increase in homes passed by broadband and a 13% rise in mobile subscribers. The company also completed the acquisition of Sacred Wind Enterprises, enhancing its broadband services in rural areas. A quarterly dividend of $0.21 per share was announced, marking a 24% increase.

ATN International, Inc. (Nasdaq: ATNI) will release its fourth quarter and full year 2022 results on February 22, 2023, after market close. A conference call to discuss the results and guidance is scheduled for February 23, 2023, at 10:00 a.m. ET. Investors can access the call via a webcast on the company's Investor Relations site.

ATN provides digital infrastructure and communications services, focusing on rural and remote markets. The company offers both wired and wireless connectivity along with carrier and enterprise communication services.

In 2022, Alaska Communications expanded broadband connectivity to nearly 5,000 homes in Alaska's Interior, enhancing access to affordable internet. The company introduced Fiber to the Home, providing speeds up to 2.5 Gbps for residential customers. Utilizing FCC's Connect America Fund Phase II, the service expanded to 2,400 locations, offering speeds up to 50 Mbps. Military housing at Fort Wainwright was upgraded, providing families with enhanced internet services. Looking ahead, Alaska Communications aims to expand further into rural areas, participating in the Alaska FiberOptic Project to bring high-speed internet to 12 communities along key rivers.