ATN International, Inc. reported a total revenue of $182.2 million for the first quarter of 2026, reflecting a 1.6% increase from $179.3 million in the same period of the previous year. The growth was primarily driven by a 2.5% rise in communication services revenue, which reached $178.5 million, up from $174.0 million. However, the company experienced a net loss of $3.5 million, a significant improvement compared to the net loss of $11.4 million reported in the first quarter of 2025. This resulted in a net loss attributable to ATN International, Inc. stockholders of $2.8 million, or $(0.29) per share, compared to a loss of $8.9 million, or $(0.69) per share, in the prior year.
The company’s operating expenses decreased by 3.5% to $170.5 million, down from $176.6 million, largely due to cost-saving initiatives and a reduction in depreciation and amortization expenses. Notably, the cost of communication services and other expenses fell by 1.0% to $77.4 million. The decrease in operating expenses contributed to an operating income of $11.7 million, a substantial increase from $2.7 million in the previous year.
Strategically, ATN International is in the process of executing a significant Tower Portfolio Transaction, which involves the sale of approximately 214 tower sites to EIP Holdings IV, LLC for up to $297 million. The initial closing is expected to occur in the second quarter of 2026, with anticipated gross proceeds of approximately $250 million to $270 million. This transaction is expected to enhance the company’s liquidity and financial flexibility, allowing for further investments in network expansion and upgrades.
Operationally, ATN International reported a slight increase in customer engagement metrics, with Mobility Services revenue rising by 1.1% to $26.4 million, attributed to an increase in subscribers. The company also noted a 9.1% increase in Carrier Services revenue, which reached $36.1 million, driven by the transition of legacy roaming arrangements to carrier service management contracts. However, Fixed Services revenue saw a minor decline, primarily due to the termination of the FCC’s High-Cost Support Program in the US Virgin Islands.
Looking ahead, ATN International anticipates continued revenue growth driven by its strategic initiatives, including the Tower Portfolio Transaction and ongoing investments in network infrastructure. The company remains focused on enhancing its service offerings and expanding its market presence, particularly in rural and underserved areas. The management expressed confidence in achieving its long-term financial goals while navigating the challenges posed by market conditions and regulatory environments.
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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