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. 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.
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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.