Type Public Industry Telecommunications Revenue 336.3 million USD (2014) | Traded as NASDAQ: ATNI Founded 1987 Net income 48.15 million USD (2014) | |
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Services Local and long-distance telephone service, Internet access, wireless Internet access, digital phone, fiber-optic Internet, wholesale Operating income Stock price ATNI (NASDAQ) US$ 68.39 -4.74 (-6.48%)28 Feb, 4:00 PM GMT-5 - Disclaimer Headquarters Beverly, Massachusetts, United States Subsidiaries Alltel, Guyana Telephone & Telegraph Co Ltd | ||
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.
Contents
- Wired Services
- Wireless Services
- Acquisition of Alltel assets
- Sale of Alltel assets
- Divestiture of Solvernet
- References
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.
Wired Services
ATN also operates Wireline and Fiber Services through its subsidiary companies: GT&T (Guyana), Sovernet (US), ION Holdco, LLC (US).
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).
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.
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 by early 2017