Atlantic Tele-Network

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ATN International, Inc.
TypePublic
NasdaqATNI
S&P 600 component
IndustryTelecommunications
Founded1987
Headquarters,
ServicesLocal and long-distance telephone service, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
RevenueUS$ 451.206 Million(2018)[1]
US$ 62.097 Million(2018)[2]
US$ 36.014 Million(2018)[3]
Total assetsUS$ 1,109.386 Million(2018)[4]
Number of employees
1000[5]
SubsidiariesCommnet
Choice Wireless
GT&T
Viya
One Communications
Websitewww.atni.com

ATN International, Inc. (ATN) (NasdaqATNI) formerly known as Atlantic Tele-Network, Inc., 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.[citation needed]

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.[6]

Wired Services[edit]

ATNI also operates Wireline and Fiber Services through GT&T (Guyana).[7] In July 2016 ATNI acquired the Virgin Islands landline and wireless assets of Innovative Communications Corporation from Rural Utilities Cooperative Finance Corporation due to foreclosure.[8] The combined United States Virgin Islands operating company is named Viya. [9]

Wireless Services[edit]

ATN operates Wireless service in the United States as both a wholesale and a regional cellular provider via its subsidiary companies of Commnet Wireless, LLC (US)(Wholesale) in the western United States and Viya in the US Virgin Islands.

ATN also operates international cellular service as One in Bermuda. ATN previously owned Islandcom Wireless in Turks & Caicos (now defunct and had its former customers transferred to the Liberty Latin America-owned LIME/FLOW).[10][11]

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.[12]

Sale of Alltel assets[edit]

On January 22, 2013, AT&T announced[13] that it had signed an agreement with Atlantic Tele-Network 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.[14]

Divestiture of Sovernet[edit]

In August 2016, ATN announced that it agreed sell its New England operations in Sovernet Communications and Sovernet's subsidiary Independent Optical Network (ION), operations to Oak Hill Capital Partners[15][16] by early 2017.

See also[edit]

References[edit]

  1. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  2. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  3. ^ Atlantic Tele networks. "10k fiscal year 2014" (PDF). investor relations ATNI. Edgar online. Retrieved 26 April 2015.
  4. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  5. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  6. ^ "Atlantic Tele-Network, Inc. Reports 2003 Full Year Earnings Increase of 29% And 4th Quarter Earnings Increase of 25% Over 4th Quarter 2002".
  7. ^ Corporate Structure Archived 2011-07-07 at the Wayback Machine, and Atlantic Tele-Network Inc.
  8. ^ St. Croix Source: July 2nd, 2016: ATN completes acquisition of Innovative
  9. ^ Viya: April 24, 2017: Innovative and Choice Wireless Enter A New Era As Viya
  10. ^ Corporate Structure Archived 2011-07-07 at the Wayback Machine, Atlantic Tele-Network Inc.
  11. ^ "Atlantic Tele-Network reports 9M15 revenue increase; updates on M&A progress". Comms Update. Retrieved 2020-09-11.
  12. ^ "Alltel lives on in Allied Wireless". Arkansas Online. 2010-10-03. Retrieved 2020-09-11.
  13. ^ Epstein, Zach (2013-01-22). "AT&T to acquire Alltel for $780 million". BGR. Retrieved 2020-09-11.
  14. ^ "AT&T snatches up Alltel's US operations for $780 million". Engadget. Retrieved 2020-04-27.
  15. ^ "Oak Hill Partners acquires Sovernet Communications, further expands Northeast fiber network presence". FierceTelecom. Retrieved 2020-09-11.
  16. ^ "Bellows Falls company to be purchased by private equity firm". The Brattleboro Reformer. Retrieved 2020-09-11.

External links[edit]