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1. Company Snapshot

1.a. Company Description

ATN International, Inc., through its subsidiaries, provides telecommunications services.It operates in three segments: International Telecom, US Telecom, and Renewable Energy.The International Telecom segment provides fixed data and voice; fixed, carrier, managed, and mobility services to customers in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands, as well as video services in Bermuda, the Cayman Islands, and the US Virgin Islands.


This segment also offers mobile, data, and voice services to retail and business customers in Bermuda, Guyana, and US Virgin Islands under the One, GTT+, and Viya brands; roaming services; and handsets and accessories.The US Telecom segment provides carrier services, such as wholesale roaming services; fixed, mobility, carrier, and managed services to business and consumer; private network services to enterprise and consumer customers; and site maintenance services and international long-distance services, as well as leases critical network infrastructure, including towers and transport facilities.The Renewable Energy segment provides distributed generation solar power to commercial and industrial customers in India.


As of December 31, 2021, it operated seven retail stores in the US Telecom segment and twenty-one retail stores in the International Telecom segment.The company was formerly known as Atlantic Tele-Network, Inc.and changed its name to ATN International, Inc.


in June 2016.ATN International, Inc.was incorporated in 1987 and is headquartered in Beverly, Massachusetts.

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1.b. Last Insights on ATNI

ATN International's recent performance was driven by its Q3 2025 earnings beat, with quarterly earnings of $0.18 per share, surpassing the Zacks Consensus Estimate of a loss of $0.06 per share. The company's revenue increased 3% to $183.2 million, with operating income rising to $9.8 million. Its high-speed broadband homes passed expanded by 8%, and total high-speed subscribers grew by 1%. A quarterly dividend of $0.275 per share was declared, showcasing a compelling dividend yield of approximately 7.0%. (Source: Zacks Consensus Estimate)

1.c. Company Highlights

2. ATN International's Q3 2025 Earnings: A Mixed Bag

ATN International reported a 3% increase in revenue to $183.2 million for Q3 2025, driven by growth in fixed services, carrier services, construction, and other revenue categories. Adjusted EBITDA rose 9% to $49.9 million, reflecting improved cost management and margin expansion. The earnings per share (EPS) came in at $0.18, beating estimates of -$0.06. The company's revenue growth was modest, but the adjusted EBITDA margin expansion was a positive surprise, indicating effective cost control measures.

Publication Date: Dec -02

📋 Highlights
  • Revenue Growth:: Q3 2025 revenue rose 3% to $183.2 million, driven by fixed services, carrier services, and construction segments.
  • Adjusted EBITDA Increase:: 9% year-over-year growth to $49.9 million, reflecting margin expansion and cost management.
  • International Segment Performance:: Revenue up 1% to $95 million with 3% adjusted EBITDA growth to $33.3 million, aided by customer retention and ARPU.
  • U.S. Segment Performance:: Revenue increased 4.6% to $87 million, with adjusted EBITDA surging 19.6% to $21.2 million from carrier and fixed services.
  • Outlook and Dividend:: Maintained $725 million revenue guidance, expects adjusted EBITDA flat to slightly exceed $184 million, and sustained $0.275/share quarterly dividend.

Segment Performance

The International segment saw a 1% revenue increase to $95 million and 3% adjusted EBITDA growth to $33.3 million, driven by better customer retention and higher average revenue per user. The U.S. segment reported a 4.6% revenue increase to $87 million and 19.6% adjusted EBITDA growth to $21.2 million, led by carrier services and fixed business revenue growth. This suggests that the company's diversification across geographies is yielding benefits, with both segments contributing to the overall growth.

Outlook and Guidance

The company is refining its adjusted EBITDA outlook while reaffirming its revenue guidance of $725 million. The adjusted EBITDA is expected to be flat to slightly above 2024's result of $184 million. Capital expenditures are expected to be $90-100 million, and the net debt ratio is anticipated to remain flat at approximately 2.54x. Analysts estimate next year's revenue growth at 2.1%, indicating a moderate growth trajectory. The company's guidance suggests a stable financial position, with a focus on maintaining profitability.

Valuation and Dividend

The company's valuation metrics indicate a relatively stable position, with a P/E Ratio of -40.47, P/B Ratio of 0.72, and EV/EBITDA of 5.93. The Dividend Yield is 4.81%, indicating a relatively attractive yield for income investors. The company maintained its quarterly dividend of $0.275 per share, demonstrating its commitment to returning value to shareholders. With an ROE of -1.72% and ROIC of 0.6%, the company's profitability metrics are not particularly strong, but the dividend yield provides some support to the stock.

3. NewsRoom

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Alaska Communications Welcomes John Sims to Board of Directors

Nov -24

Source: businesswire.com

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3 Wireless Stocks Likely to Thrive Against Industry Shortcomings

Nov -20

Source: zacks.com

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ATN International (NASDAQ:ATNI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Nov -19

Source: defenseworld.net

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ATN International, Inc. (ATNI) Q3 2025 Earnings Call Transcript

Nov -06

Source: seekingalpha.com

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ATN International (ATNI) Beats Q3 Earnings and Revenue Estimates

Nov -06

Source: zacks.com

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ATN Reports Third Quarter 2025 Results

Nov -05

Source: globenewswire.com

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Analyzing Old Market Capital (NASDAQ:OMCC) and ATN International (NASDAQ:ATNI)

Nov -05

Source: defenseworld.net

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ATN International: Bullish Niche Broadband Footprint And Dividend

Oct -27

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.85%)

6. Segments

Unites States Telecom

Expected Growth: 4.73%

The 4.73% growth in US Telecom segment of ATN International, Inc. is driven by increasing demand for high-speed data services, expansion of 5G networks, and growing adoption of IoT devices. Additionally, strategic acquisitions and investments in network infrastructure have enhanced capacity and improved customer experience, contributing to the segment's growth.

International Telecom

Expected Growth: 7.04%

ATN International's 7.04% growth in International Telecom is driven by increasing demand for data services, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on network modernization and 4G/LTE upgrades has improved service quality, attracting more subscribers and driving revenue growth.

7. Detailed Products

Wireless Communications

ATN International provides wireless communications services, including mobile voice and data services, to customers in the US and international markets.

Fiber Optic Services

ATN offers fiber optic services, including high-speed internet, voice, and data services, to businesses and governments.

Data Center Services

ATN provides data center services, including colocation, cloud, and managed hosting, to businesses and governments.

Managed IT Services

ATN offers managed IT services, including network management, cybersecurity, and IT consulting, to businesses and governments.

International Wholesale Services

ATN provides international wholesale services, including voice, data, and SMS, to carriers and service providers.

8. ATN International, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for ATN International, Inc. is medium due to the presence of alternative telecommunications services and products.

Bargaining Power Of Customers

The bargaining power of customers for ATN International, Inc. is low due to the company's diversified customer base and lack of concentration.

Bargaining Power Of Suppliers

The bargaining power of suppliers for ATN International, Inc. is medium due to the presence of multiple suppliers and the company's moderate bargaining power.

Threat Of New Entrants

The threat of new entrants for ATN International, Inc. is high due to the relatively low barriers to entry in the telecommunications industry.

Intensity Of Rivalry

The intensity of rivalry for ATN International, Inc. is high due to the presence of several established competitors in the telecommunications industry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 51.65%
Debt Cost 6.44%
Equity Weight 48.35%
Equity Cost 6.44%
WACC 6.44%
Leverage 106.84%

11. Quality Control: ATN International, Inc. passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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A-Score: 4.5/10

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A-Score: 3.2/10

Value: 7.2

Growth: 0.7

Quality: 1.1

Yield: 0.0

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

21.41$

Current Price

21.41$

Potential

-0.00%

Expected Cash-Flows