Nasdaq: ATNI ...

ATN International, Inc. (NASDAQ:ATNI) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET Company Participants Justin Benincasa - Chief Financial Officer Michael Prior - Executive Chairman Brad Martin - Chief Executive Officer Carlos Dalioli - ATN's incoming Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Gregory Burns - Sidoti Hamed Khorsand - BWS Operator Thank you for standing by, and welcome to ATN International's Fourth Quarter and Full Year 2023 Earnings Co ...

Exhibit 99.1 ATN Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook "First-to-Fiber" and "Glass & Steel" Strategies Drive Year-Over-Year Growth · Fourth-quarter revenues grew 4% to $199.0 million · Full-year revenues grew 5% to $762.2 million · Total high-speed broadband subscribers increased by 20% · Broadband homes passed by high-speed data services expanded by 33% · Capital expenditures for the full year were $163.3 million (net of $32.9 million reimbursements) Operating Income and ...

ATN International (ATNI) shares soared 5.7% in the last trading session to close at $38.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.3% loss over the past four weeks.The company is progressing steadily with its “Glass-and-Steel” network expansion strategy and is gradually moving away from the legacy wireless wholesale business. The acquisition of Sacred Wind Enterprises by Commnet Broadband, which is a wholly owned subsi ...

BEVERLY, Mass., Feb. 07, 2024 (GLOBE NEWSWIRE) -- ATN International, Inc. ("ATN" or the "Company") (NASDAQ:ATNI), a leading provider of digital infrastructure and communications services, announced today that it will release fourth quarter and full year 2023 results on Wednesday, February 21, 2024, after market close. The Company will host a conference call to discuss its results at 10:00 a.m. ET on Thursday, February 22, 2024. Key details regarding the call are as follows: Call Date: Thursday, February 22, ...

BEVERLY, Mass., Feb. 07, 2024 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, announced today that it will release fourth quarter and full year 2023 results on Wednesday, February 21, 2024, after market close. The Company will host a conference call to discuss its results at 10:00 a.m. ET on Thursday, February 22, 2024. Key details regarding the call are as follows: Call Date: Thursday, February 22 ...

ANCHORAGE, Alaska--(BUSINESS WIRE)--Through capital investments and innovative technologies, Alaska Communications is doubling down on its focus to provide Alaskans with broadband solutions that meet the demands of today’s fast-paced world. Since 2017, the broadband provider has deployed high-speed internet to more than 25,000 unserved or underserved locations, through the CAF II program. In 2023, it brought affordable, reliable, high-speed internet to new locations in Delta Junction, Fairbanks, Nenana, ...

The Zacks Wireless National industry appears to be mired in high capital expenditures for infrastructure upgrades, margin woes, supply-chain disruptions amid the prolonged Russia-Ukraine war and Israel-Hamas conflict, soft China market conditions and high customer inventory levels. However, the industry is likely to benefit in the long run from an accelerated 5G rollout and increased fiber densification.In this backdrop, T-Mobile US Inc. (TMUS) , United States Cellular Corporation (USM) and ATN Internationa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-12593 ATN INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdi ...

Financial Data and Key Metrics Changes - ATN's Q3 revenues grew 5% to $191 million, driven by network investments [10] - Operating income increased to $6.8 million from $1.4 million in the prior year [10] - Adjusted EBITDA grew 10% to $47.8 million, supported by strong domestic business performance [10] - The total net loss for the quarter was $3.6 million, compared to a net loss of $2.8 million in Q3 2022, primarily due to a $5.8 million increase in interest expense [11] Business Line Data and Key Metrics Changes - International segment revenues grew 4% to nearly $94 million, while adjusted EBITDA decreased slightly to $27.5 million due to elevated operating expenses [11][12] - Domestic segment revenues grew 5% to $97 million, with adjusted EBITDA rising 22% to $26.9 million, driven by higher revenues and cost reduction initiatives [13] Market Data and Key Metrics Changes - High-speed broadband subscriber growth was robust at 20% year-on-year, with a 13% annual increase in mobile subscribers in international markets [6] - The company exceeded 400,000 international mobile subscribers, indicating strong growth in high-speed broadband [12] Company Strategy and Development Direction - The company is focused on executing its Glass and Steel and First-to-Fiber strategies, which aim to enhance high-speed data services in underserved areas [5][6] - ATN is committed to managing its balance sheet and spending levels to maximize free cash flow over time [5] - The company anticipates a preliminary adjusted EBITDA outlook for 2024 in the range of $200 million to $208 million, with CapEx spending expected to be between $120 million and $130 million [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in subscriber growth and organic revenue growth rates, despite some concerns regarding the expiration of a significant COVID-related contract [23][25] - The company aims to reduce leverage to around two times, enhancing financial flexibility for shareholder returns [28] Other Important Information - ATN received nearly $45 million in federal grants to expand high-speed internet access in underserved areas, following over $155 million in grants awarded in the previous year [7] - The company ended the quarter with cash and cash equivalents of $73 million and total debt outstanding of $498 million, maintaining a consolidated net debt to adjusted EBITDA ratio of 2.3 times [17] Q&A Session Summary Question: What is the level of visibility for the preliminary 2024 guidance? - Management feels confident about the preliminary guidance, citing a large portion of recurring revenue and manageable puts and takes [23] Question: Why is there no revenue guidance provided? - The focus is on EBITDA and free cash flow, which are seen as more stable metrics compared to revenue [25] Question: What are the expectations for segment margins, particularly in the international segment? - Margins are expected to expand as subscriber and revenue growth continues, despite some unusual spending in the current quarter [36] Question: How does the company view fixed wireless high-speed internet? - Management sees fixed wireless as part of the mix in all markets, with varying degrees of implementation based on population density and technology availability [46] Question: What are the thoughts on direct-to-device satellite connectivity? - Management views it as a valuable tool for customer connectivity, especially in remote areas, and anticipates growing demand for such functionality [49]