Atlantic Tele-Network

Atlantic Tele-Network
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)[1]
US$ 85.576 Million(2014)[2]
US$ 48.152 Million(2014)[3]
Total assets US$ 925.030 Million(2014)[4]
Number of employees
 1000[5]
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.[6]

Wired Services

ATN also operates Wireline and Fiber Services through its subsidiary companies: GT&T (Guyana), Sovernet (US), ION Holdco, LLC (US).[7]

Wireless Services

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).[8][9]

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.[10]

Sale of Alltel assets

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.

Divestiture of Solvernet

In August 2016, ATN announced that it agreed sell its New England operations in Solvernet Communications and Solvernet's subsidiary Independent Optical Network (ION), operations to Oak hill partners[11][12] by early 2017

See also

References

  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, Atlantic Tele-Network Inc.
  8. ↑ Corporate Structure, Atlantic Tele-Network Inc.
  9. ↑ https://www.telegeography.com/products/commsupdate/articles/2015/10/30/atlantic-tele-network-reports-9m15-revenue-increase-updates-on-ma-progress/
  10. ↑ Alltel lives on in Allied Wireless
  11. ↑ http://www.fiercetelecom.com/telecom/oak-hill-partners-acquires-sovernet-communications-further-expands-northeast-fiber-network
  12. ↑ http://www.reformer.com/latestnews/ci_30226277/bellows-falls-company-be-purchased-by-private-equity


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