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{{Short description|American telecommunications company}}
⚫
'''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]].
{{Infobox company
| name = ATN International, Inc.
| logo = File:Atlantic Tele-Network logo.svg
| caption =
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|ATNI}}
| former_name = Atlantic Tele-Network, Inc.<ref>{{cite press release|title=Atlantic Tele-Network is Now ATN International|url=https://www.globenewswire.com/news-release/2016/06/21/850357/12418/en/Atlantic-Tele-Network-is-Now-ATN-International.html|publisher=Atlantic Tele-Network, Inc.|via=GlobeNewswire|date=June 21, 2016}}</ref>
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{start date and age|1987}}
| founder =
| defunct =
| location_city = [[Beverly, Massachusetts]]
| location_country = U.S.
| area_served =
| key_people =
| industry = [[Telecommunication]]s
| products =
| services = {{ubl|Local and long-distance telephone service|Internet access|Wireless Internet access|Digital phone|Fiber-optic Internet|Wholesale}}
| revenue = US$451.206 million (2018)<ref>{{cite web|last1=Atlantic Tele Network inc|title=Form 10k fiscal year 2014|url=http://files.shareholder.com/downloads/ABEA-2WOFJF/94062099x0xS1047469-15-2270/879585/filing.pdf|website=Investor relations|publisher=Edgar Online|access-date=26 April 2015}}</ref>
| operating_income = US$62.097 million (2018)<ref>{{cite web|last1=Atlantic Tele Network inc|title=Form 10k fiscal year 2014|url=http://files.shareholder.com/downloads/ABEA-2WOFJF/94062099x0xS1047469-15-2270/879585/filing.pdf|website=Investor relations|publisher=Edgar Online|access-date=26 April 2015}}</ref>
| net_income = US$36.014 million (2018)<ref>{{cite web|last1=Atlantic Tele networks|title=10k fiscal year 2014|url=http://files.shareholder.com/downloads/ABEA-2WOFJF/94062099x0xS1047469-15-2270/879585/filing.pdf|website=investor relations ATNI|publisher=Edgar online|access-date=26 April 2015|ref=page 35}}</ref>
| aum =
| assets = US$1,109.386 million (2018)<ref>{{cite web|last1=Atlantic Tele Network inc|title=Form 10k fiscal year 2014|url=http://files.shareholder.com/downloads/ABEA-2WOFJF/94062099x0xS1047469-15-2270/879585/filing.pdf|website=Investor relations|publisher=Edgar Online|access-date=26 April 2015}}</ref>
| equity =
| owner =
| num_employees = 1000<ref>{{cite web|last1=Atlantic Tele Network inc|title=Form 10k fiscal year 2014|url=http://files.shareholder.com/downloads/ABEA-2WOFJF/94062099x0xS1047469-15-2270/879585/filing.pdf|website=Investor relations|publisher=Edgar Online|access-date=26 April 2015}}</ref>
| parent =
| divisions =
| subsid = [[Commnet Wireless]] (Choice Wireless)<br />[[Guyana Telephone and Telegraph Company|GT&T]]<br /> [[Innovative Communications Corporation|Viya]] <br />One Communications<br />Stilmark<br />Fireminds<br />Logic<br />Vibrant Energy<br />[[Alaska Communications]]<br />Geoverse
| homepage = {{URL|http://www.atni.com}}
| footnotes =
}}
⚫
'''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.{{Citation needed|date=November 2019}}


ATN’s expertise is operating in underserved or niche markets, growing its business organically and through acquisitions by providing an alternative to national carriers.
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.<ref>{{cite web |url=http://www.businesswire.com/news/home/20040312005269/en/Atlantic-Tele-Network-Reports-2003-Full-Year-Earnings |title= Atlantic Tele-Network, Inc. Reports 2003 Full Year Earnings Increase of 29% And fourth Quarter Earnings Increase of 25% Over fourth Quarter 2002}}</ref>
==Other Services==


==Wired services==
ATN also operates through its subsidiary companies: Allied Wireless Communications Corporation d/b/a Alltel (US), Commnet Wireless, LLC (US), [[Guyana Telephone and Telegraph Company|GT&T]] (Guyana), Sovernet (US), Bermuda Digital Communications (Bermuda/T&T), ION Holdco, LLC (US), Islandcom Telecommunications (Turks & Caicos), and Choice Comunications (US Virgin Islands).<ref>[http://www.atni.com/ Official Website]</ref>


ATNI also operates Wireline and Fiber Services through [[Guyana Telephone and Telegraph Company|GT&T]] (Guyana).<ref>[http://www.atni.com/structure.html Corporate Structure] {{Webarchive|url=https://web.archive.org/web/20110707183330/http://www.atni.com/structure.html |date=2011-07-07 }}, and Atlantic Tele-Network Inc.</ref> In July 2016 ATNI acquired the Virgin Islands landline and wireless assets of [[Innovative Communications Corporation]] from [[National Rural Utilities Cooperative Finance Corporation|
⚫
==Acquisition of Verizon Wireless assets==
Rural Utilities Cooperative Finance Corporation]] due to foreclosure.<ref>[https://stcroixsource.com/2016/07/02/atn-completes-acquisition-of-innovative/ St. Croix Source: July second, 2016: ATN completes acquisition of Innovative]</ref> The combined United States Virgin Islands operating company is named [[Innovative Communications Corporation|Viya]].<ref>[https://viyavi.com/innovative-and-choice-wireless-enter-a-new-era-as-viya/ Viya: April 24, 2017: Innovative and Choice Wireless Enter A New Era As Viya]</ref>


==Wireless service==
⚫
On April 26, 2010, ATN aacquired 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. Under the terms of the agreement, ATN serves over 800,000 subscribers primarily in rural areas across Georgia, North Carolina, South Carolina, Illinois, Ohio, and Idaho. As part of the transaction, ATN will operate under the Alltel brand.
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 (telecommunications company)|LIME]]/[[FLOW (brand)|FLOW]]).<ref>[http://www.atni.com/structure.html Corporate Structure] {{Webarchive|url=https://web.archive.org/web/20110707183330/http://www.atni.com/structure.html |date=2011-07-07 }}, Atlantic Tele-Network Inc.</ref><ref>{{Cite web|title=Atlantic Tele-Network reports 9M15 revenue increase; updates on M&A progress|url=https://www.commsupdate.com/articles/2015/10/30/atlantic-tele-network-reports-9m15-revenue-increase-updates-on-ma-progress/|access-date=2020-09-11|website=Comms Update}}</ref>
Per ATN's website, DOJ approved the sale on April 7, 2010. See [http://ir.atni.com/releaseDetail.cfm?ReleaseID=457361 http://ir.atni.com/releaseDetail.cfm?ReleaseID=457361]

⚫
==Acquisition of Alltel assets==

⚫
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.<ref>{{Cite web|date=2010-10-03|title=Alltel lives on in Allied Wireless|url=https://www.arkansasonline.com/news/2010/oct/03/alltel-lives-allied-wireless-20101003/|access-date=2020-09-11|website=Arkansas Online|language=en}}</ref>

===Sale of Alltel assets===
On January 22, 2013, AT&T announced<ref>{{Cite web|last=Epstein|first=Zach|date=2013-01-22|title=AT&T to acquire Alltel for $780 million|url=https://bgr.com/2013/01/22/att-alltel-acquisition-301601/|access-date=2020-09-11|website=BGR|language=en-US}}</ref> 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.<ref>{{Cite web|url=https://www.engadget.com/2013-01-22-atandt-snatches-up-alltels-us-operations-for-780-million.html|title=AT&T snatches up Alltel's US operations for $780 million|website=Engadget|language=en|access-date=2020-04-27}}</ref>

==Divestiture of Sovernet==
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]]<ref>{{Cite web|title=Oak Hill Partners acquires Sovernet Communications, further expands Northeast fiber network presence|url=https://www.fiercetelecom.com/telecom/oak-hill-partners-acquires-sovernet-communications-further-expands-northeast-fiber-network|access-date=2020-09-11|website=FierceTelecom|language=en}}</ref><ref>{{Cite web|title=Bellows Falls company to be purchased by private equity firm|url=https://www.reformer.com/stories/bellows-falls-company-to-be-purchased-by-private-equity-firm,140229|access-date=2020-09-11|website=The Brattleboro Reformer|language=en}}</ref> by early 2017.


== See also ==
== See also ==
* [[List of mobile network operators of the Americas]]
*[[Verizon]]
* [[List of telecommunications regulatory bodies]]
*[[Alltel]]


==References==
==References==
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==External links==
==External links==
* [http://www.atni.com/ Official Website]
* [http://www.atni.com/ Official Website]
{{ATN International}}{{US mobile network operators}}
* [http://www.awcc.com/ Allied Wireless] (subsidiary of ATN)
{{Caribbean mobile phone companies}}
{{Puerto Rico mobile phone companies}}


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[[Category:Mobile phone companies of the United States]]
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[[Category:Companies based in Massachusetts]]





{{wireless-stub}}

{{telecom-company-stub}}
[[Category:Telecommunications companies established in 1987]]
[[Category:1987 establishments in Massachusetts]]
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[[Category:Mobile phone companies of the United States]]
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[[Category:Companies based in Beverly, Massachusetts]]
[[Category:Telecommunications companies based in Massachusetts]]
[[Category:Companies listed on the Nasdaq]]

Latest revision as of 14:55, 17 September 2024

ATN International, Inc.
FormerlyAtlantic Tele-Network, Inc.[1]
Company typePublic
Nasdaq: ATNI
IndustryTelecommunications
Founded1987; 37 years ago (1987)
Headquarters
Beverly, Massachusetts
,
U.S.
Services
  • Local and long-distance telephone service
  • Internet access
  • Wireless Internet access
  • Digital phone
  • Fiber-optic Internet
  • Wholesale
RevenueUS$451.206 million (2018)[2]
US$62.097 million (2018)[3]
US$36.014 million (2018)[4]
Total assetsUS$1,109.386 million (2018)[5]
Number of employees
1000[6]
SubsidiariesCommnet Wireless (Choice Wireless)
GT&T
Viya
One Communications
Stilmark
Fireminds
Logic
Vibrant Energy
Alaska Communications
Geoverse
Websitewww.atni.com

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.[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.[7]

Wired services

[edit]

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]

Wireless service

[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).[11][12]

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.[13]

Sale of Alltel assets

[edit]

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]

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[16][17] by early 2017.

See also

[edit]

References

[edit]
  1. ^ "Atlantic Tele-Network is Now ATN International" (Press release). Atlantic Tele-Network, Inc. June 21, 2016 – via GlobeNewswire.
  2. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  3. ^ Atlantic Tele Network inc. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  4. ^ Atlantic Tele networks. "10k fiscal year 2014" (PDF). investor relations ATNI. 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. "Form 10k fiscal year 2014" (PDF). Investor relations. Edgar Online. Retrieved 26 April 2015.
  7. ^ "Atlantic Tele-Network, Inc. Reports 2003 Full Year Earnings Increase of 29% And fourth Quarter Earnings Increase of 25% Over fourth Quarter 2002".
  8. ^ Corporate Structure Archived 2011-07-07 at the Wayback Machine, and Atlantic Tele-Network Inc.
  9. ^ St. Croix Source: July second, 2016: ATN completes acquisition of Innovative
  10. ^ Viya: April 24, 2017: Innovative and Choice Wireless Enter A New Era As Viya
  11. ^ Corporate Structure Archived 2011-07-07 at the Wayback Machine, Atlantic Tele-Network Inc.
  12. ^ "Atlantic Tele-Network reports 9M15 revenue increase; updates on M&A progress". Comms Update. Retrieved 2020-09-11.
  13. ^ "Alltel lives on in Allied Wireless". Arkansas Online. 2010-10-03. Retrieved 2020-09-11.
  14. ^ Epstein, Zach (2013-01-22). "AT&T to acquire Alltel for $780 million". BGR. Retrieved 2020-09-11.
  15. ^ "AT&T snatches up Alltel's US operations for $780 million". Engadget. Retrieved 2020-04-27.
  16. ^ "Oak Hill Partners acquires Sovernet Communications, further expands Northeast fiber network presence". FierceTelecom. Retrieved 2020-09-11.
  17. ^ "Bellows Falls company to be purchased by private equity firm". The Brattleboro Reformer. Retrieved 2020-09-11.
[edit]
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