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Atlantic Tele-Network

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Atlantic Tele-Network

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. [1]

Other Services

ATN also operates through its subsidiary companies: Commnet Wireless, LLC (US), GT&T (Guyana), Sovernet (US), CellularOne in Bermuda, ION Holdco, LLC (US), Islandcom Wireless (Turks & Caicos), and Choice Communications (US Virgin Islands).[2]

Acquisition of Alltel assets

On April 26, 2010, ATN acquired certain former [3]

Sale of Alltel assets

On January 22, 2013, AT&T announced that it had signed an agreement with Atlantic Tele-Network, Inc. (ATNI) 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.

See also

References

  1. ^ "Atlantic Tele-Network, Inc. Reports 2003 Full Year Earnings Increase of 29% And 4th Quarter Earnings Increase of 25% Over 4th Quarter 2002". 
  2. ^ Corporate Structure, Atlantic Tele-Network Inc.
  3. ^ Alltel lives on in Allied Wireless

External links

  • Official Website
  • Allied Wireless (subsidiary of ATN)
  • Islandcom Wireless (subsidiary of ATN)


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