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Atlantic Tele-Network
Type
Public
Traded as NASDAQ: ATNI
Industry Telecommunications
Founded 1987
Headquarters Beverly, Massachusetts, USA
Services Local and long-distance telephone service, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale
Revenue US$ 336.347 Million(2014)
Operating income
US$ 85.576 Million(2014)
Net income
US$ 48.152 Million(2014)
Total assets US$ 925.030 Million(2014)
Number of employees
1000
Subsidiaries Commnet
Choice Wireless
GT&T
Cellone
Website www.atni.com

Atlantic Tele-Network, Inc. (ATN) (NASDAQ: ATNI) 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.

ATNI also operates Wireline and Fiber Services through GT&T (Guyana).

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) and Choice Wireless in the western United States and the US Virgin Islands.

ATN also operates international cellular service as CellOne in Bermuda and Islandcom Wireless in Turks & Caicos (now defunct and had its former customers transferred to LIME/FLOW).

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.

On January 22, 2013, AT&T announced 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.

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 partners by early 2017


News

ATN International, Inc. 6.8% (communication services)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-17 Future report Set alerts
Q3 2020 2020-10-21 Future report Set alerts
Q2 2020 2020-07-29 0.30 0.30
Q1 2020 2020-04-29 -0.06 -0.06
Q4 2019 2020-02-19 -0.40 -0.61
Q3 2019 2019-10-23 0.09 0.09
Q2 2019 2019-07-24 -0.05 -0.05
Q1 2019 2019-04-24 -0.10 -0.10
Q4 2018 2019-02-20 0.07 0.07
Q3 2018 2018-10-24 0.00 1.06

Ratings

2016-06-22 Initiated Coverage Drexel Hamilton Buy
2014-11-03 Upgrade BWS Financial Sell to Hold $64.00
2014-08-01 Reiterated Rating Raymond James Outperform $67.00 to $69.00
2014-08-01 Reiterated Rating Raymond James Financial Inc. Outperform $67.00 to $69.00
2014-05-01 Downgrade BWS Financial Hold to Sell $51.00 to $48.00
2013-04-30 Downgrade BWS Financial Buy to Hold
2008-02-20 Reiterated UBS Neutral $39 to $37
2007-10-15 Reiterated BWS Financial Buy $33 to $40
2007-09-28 Downgrade UBS Buy to Neutral
2007-08-01 Upgrade UBS Neutral to Buy
2007-05-07 Upgrade BWS Financial Hold to Buy $27 to $33
2016-06-22 Initiated Coverage Drexel Hamilton Buy
2014-11-03 Upgrade BWS Financial Sell to Hold $64.00
2014-08-01 Reiterated Rating Raymond James Outperform $67.00 to $69.00
2014-08-01 Reiterated Rating Raymond James Financial Inc. Outperform $67.00 to $69.00
2014-05-01 Downgrade BWS Financial Hold to Sell $51.00 to $48.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
PRIOR CORNELIUS B JR Chairman 28.18%  (4487258) ATNI /
PRIOR MICHAEL T President and CEO 2.53%  (402624) ATNI /
BENINCASA JUSTIN D CFO 0.35%  (55330) ATNI /
Kreisher William F Senior VP, Corporate Dev 0.27%  (42337) ATNI /
Slap Leonard Q. SVP and General Counsel 0.18%  (28017) ATNI /
Fougere Barry C SVP Business Operations 0.15%  (24208) ATNI /
Schuchman Brian A 0.14%  (22000) ATNI /
FLYNN MICHAEL T 0.07%  (10878) ATNI / CALX /
Noone Karl SVP & Corporate Controller 0.06%  (9932) ATNI /
Budd Martin L 0.06%  (9754) ATNI /
PELLETIER LIANE J 0.06%  (9267) ATNI / EXPD / WAFD /
Martin Brad W EVP - Operations 0.05%  (7500) ATNI /
ROESSLEIN CHARLES J 0.05%  (7262) ATNI / NATI /
Mabey Mary SVP and General Counsel 0.04%  (6024) ATNI /
Bulkin Bernard J 0.02%  (3210) ATNI /

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