| ATN International, Inc. | |
| Type: | Public |
| Traded As: | NASDAQ: |
| Former Name: | Atlantic Tele-Network, Inc.[1] |
| Location City: | Beverly, Massachusetts |
| Location Country: | U.S. |
| Industry: | Telecommunications |
| Revenue: | US$451.206 million (2018)[2] |
| Operating Income: | US$62.097 million (2018)[3] |
| Net Income: | US$36.014 million (2018)[4] |
| Assets: | US$1,109.386 million (2018)[5] |
| Num Employees: | 1000[6] |
| Subsid: | Commnet Wireless (Choice Wireless) GT&T Viya One Communications Stilmark Fireminds Logic Vibrant Energy Alaska Communications Geoverse |
ATN International, Inc. (ATN) 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.
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.[7]
ATNI also operates Wireline and Fiber Services through GT&T (Guyana).[8] 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.[9] The combined United States Virgin Islands operating company is named Viya.[10]
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).[11] [12]
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.[13]
On January 22, 2013, AT&T announced[14] 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.[15]
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[16] [17] by early 2017.