Atlantic Tele-Network

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Atlantic Tele-Network, Inc. (ATN) (NASDAQATNI) is a publicly traded telecommunications company that is headquartered in Beverly, Massachusetts. It operates digital wireless, wireline, and both terrestrial and submarine fiber optic networks, serving markets that are geographically separated and technically challenging, such as the plains, deserts, and mountainous areas of the United States.

ATN’s expertise is operating in underserved or niche markets, growing its business organically and through acquisitions by providing an alternative to national carriers.

On March 12, 2004, the company reported total operating revenues rose 11% to $78.9 million, as compared to $70.8 million for 2002. [1]

Other Services[edit]

ATN also operates through its subsidiary companies: Commnet Wireless, LLC (US), GT&T (Guyana), Sovernet (US), CellularOne in Bermuda, ION Holdco, LLC (US), Islandcom Wireless (Turks & Caicos), and Choice Communications (US Virgin Islands).[2]

Acquisition of Alltel assets[edit]

On April 26, 2010, ATN acquired certain former Alltel wireless assets that Verizon Wireless was required to divest as part of the regulatory approvals granted for its purchase of Alltel earlier that year. Since that time, ATN, through its Alltel subsidiary Allied Wireless, has served subscribers primarily in rural areas across Georgia, North Carolina, South Carolina, Illinois, Ohio, and Idaho.[3]

Sale of Alltel assets[edit]

On January 22, 2013, AT&T announced that it had signed an agreement with Atlantic Tele-Network, Inc. (ATNI) to acquire the company’s U.S. retail wireless operations, operated under the Alltel brand, for $780 million in cash. Under terms of the agreement, AT&T will acquire wireless properties, including licenses, network assets, retail stores and approximately 585,000 subscribers.

See also[edit]

References[edit]

External links[edit]