ATN International(US:ATNI) Globenewswireยท2024-03-14 13:19Core Viewpoint - ATN International, Inc. is focused on executing its three-year strategic investment plan to enhance growth and shareholder value, while maintaining a minimal impact from the Affordable Connectivity Program (ACP) on its financial outlook [1][2][4]. Financial Outlook - ATN reiterates its full-year 2024 guidance, expecting revenue between $750 million and $770 million, Adjusted EBITDA between $200 million and $208 million, and capital expenditures between $110 million and $120 million [2][3]. - The net debt ratio is projected to be between 2.25x and 2.40x by the end of 2024 [3]. Strategic Investment Plan - The company has invested nearly $450 million in network upgrades and expansions as part of its strategic plan from FY2022 to FY2024 [4]. - Since the start of its strategy in 2022, ATN has expanded its fiber network reach by nearly 30% and increased high-speed broadband subscribers by 39% [4]. ACP Exposure - ATN has approximately 15,000 subscribers participating in the ACP, with many being existing customers [5]. - The company has measures in place to mitigate potential disruptions from the ACP, and does not expect any impact on its 2024 outlook from the program [4][5].