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.