Atn Internationl Stock Price, News & Analysis

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.

ATN International, Inc. (Nasdaq: ATNI) has declared a quarterly dividend of $0.21 per share, reflecting a 24% increase from the prior quarter. This dividend will be payable on January 6, 2023, to shareholders on record as of December 31, 2022. The company has consistently provided dividends since 1999. CEO Michael Prior emphasized the company's commitment to modern digital infrastructure and maintaining a balanced capital allocation strategy that supports both business investments and shareholder returns.

Alaska Communications is enhancing broadband connectivity in Anchorage, Fairbanks, and Soldotna, Alaska, by offering a new 100% fiber-to-the-premise service. This technology delivers ultra-low latency and symmetric speeds of 2.5 gigabits per second, significantly improving internet reliability and performance for residents and businesses. The service is crucial for local businesses like Kathryn Deal's bed and breakfast, where fast internet is essential for guest satisfaction. Plans for further network expansion are underway, ensuring more communities will benefit from this advanced broadband service.

ATN International, Inc. (Nasdaq: ATNI) has finalized its acquisition of Sacred Wind Enterprises, enhancing its digital infrastructure services. This acquisition, executed through ATN's subsidiary Commnet Broadband, aims to bolster wholesale carrier and broadband services in rural areas. The integration will allow for the consolidation of Sacred Wind's operations into ATN's "US Telecom" segment, further strengthening ATN's presence in the Southwest United States.

Commnet Broadband, a subsidiary of ATN International (NASDAQ: ATNI), has finalized its acquisition of Sacred Wind Enterprises, enhancing its broadband infrastructure in the rural Southwest, particularly New Mexico. This strategic move aims to broaden Commnet's wholesale and residential services, addressing the digital divide in underserved communities. The integration promises to leverage Sacred Wind’s existing fiber infrastructure and backlog of projects, facilitating growth in high-speed internet services.

ATN International reported a 9% revenue increase to $182.2 million for Q3 2022, up from $166.8 million last year. However, the net loss rose to $2.8 million compared to $2.6 million a year prior. EBITDA improved to $38 million from $31.4 million, while Adjusted EBITDA increased to $41.9 million from $36.8 million. Noteworthy achievements include securing $144 million in connectivity grant funding since July 2022 and achieving growth in international mobility subscribers and revenues by 9% and 11%, respectively.

ATN International, Inc. (Nasdaq: ATNI) will release its third quarter 2022 results on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 10:00 a.m. ET to discuss the results. The call will be accessible via a webcast or by registering using the provided links. ATN specializes in digital infrastructure and communications services across the U.S. and internationally, focusing on rural and remote markets.

Alaska Communications is collaborating with Oregon State University to collect wave activity data from the ocean floor using its subsea fiber optic cable. A research team, led by Assistant Professor Meagan Wengrove, attached a DAS interrogator to the fiber, enabling data collection on wave interactions, especially for predicting sneaker waves. This project aims to enhance understanding and provide warnings for coastal communities about dangerous wave activity. Alaska Communications highlights its substantial infrastructure supporting such research.

More than 2,300 rural Alaskans in seven communities will gain access to affordable, high-speed internet through a tribal broadband grant from the NTIA. This initiative, involving Calista Corporation and Alaska Communications, aims to enhance connectivity for underserved regions, promoting virtual meetings, online education, and telehealth. The Alaska FiberOptic Project will connect up to 20 communities along the Yukon and Kuskokwim Rivers, with Alaska Communications offering Gigabit-speed service and a $75/month discount for qualifying households. This project addresses the digital divide highlighted during the COVID-19 pandemic.