ATN International, Inc. reported a notable financial performance for the second quarter of 2026, with total revenue reaching $184.5 million, a 1.8% increase from $181.3 million in the same period last year. The company's communication services segment contributed $180.1 million, up from $174.9 million, driven by a 3.0% rise in mobility services revenue, which totaled $27.1 million. The company also recorded a significant gain of $230.9 million from the sale of its tower portfolio, which positively impacted its operating income, resulting in a substantial increase to $239.7 million compared to just $233,000 in the prior year.
In terms of profitability, ATN International reported a net income of $167.3 million for the quarter, a significant turnaround from a net loss of $7.0 million in the same quarter of 2025. This translated to earnings per diluted share of $10.71, compared to a loss of $0.56 per share in the previous year. The company attributed this improvement to increased revenues and the gain from the tower portfolio transaction, which offset operational costs and restructuring expenses.
Operationally, ATN International has seen changes in its customer base and service offerings. The company reported a slight increase in its mobility services subscriber count, contributing to higher revenues. However, fixed services revenue in the International Telecom segment decreased due to the termination of the FCC’s High-Cost Support Program in the US Virgin Islands. The company continues to focus on expanding its fiber markets and enhancing service quality, which is expected to support future growth.
The company’s balance sheet reflects a strong liquidity position, with cash and cash equivalents totaling $317.6 million as of June 30, 2026, compared to $102.5 million at the end of 2025. This increase is largely attributed to the proceeds from the tower portfolio transaction. Total assets rose to $1.88 billion, up from $1.67 billion, while total liabilities increased slightly to $1.06 billion. The company’s debt management strategy appears effective, as it reduced its outstanding debt significantly using proceeds from asset sales, which is expected to lower interest expenses moving forward.
Looking ahead, ATN International remains optimistic about its growth trajectory, particularly in expanding its telecommunications services in rural and remote markets. The company plans to continue investing in its network infrastructure and exploring strategic acquisitions to enhance its service offerings. Management has indicated that they will maintain a focus on operational efficiency and cost management to support profitability in the coming quarters.
About ATN International, Inc.
ATN International, Inc. provides digital infrastructure and telecommunications services focused on rural and remote markets in the U.S., including Alaska and the western states, as well as international markets like Bermuda, the Caribbean, and Guyana. Its offerings include fixed and mobile voice, high-speed broadband, carrier services, and managed IT solutions. The company emphasizes fiber-based networks, local management, and long-term infrastructure investments to deliver reliable connectivity to residential, business, and government customers.
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