ATN International Appoints Naji Khoury as CEO Effective April 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
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Source: seekingalpha
- Executive Transition: ATN International has appointed Naji Khoury as the new CEO, succeeding Brad Martin, who will step down on April 20, 2026, while remaining in an advisory role until the end of May 2026 to ensure a smooth transition.
- Extensive Experience: Prior to joining ATN, Khoury spent 14 years at Liberty Communications in Puerto Rico, including six years as CEO, where he significantly scaled the business through organic growth initiatives and acquisitions, showcasing his strong leadership capabilities.
- Financial Targets: ATN International has outlined an adjusted EBITDA target of $190 million to $200 million for 2026, focusing on core growth and asset sales, indicating the company's strategic direction and financial health moving forward.
- Market Outlook: Despite ongoing deal approval risks, the risk-reward profile for ATN International remains favorable for investors, suggesting confidence in the company's future growth potential and likely attracting increased investor interest.
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About ATNI
ATN International, Inc. is a provider of digital infrastructure and communications services. The Company operates in the United States and internationally, including the Caribbean region. Its segments include International Telecom and US Telecom. The International Telecom segment provides mobility services, fixed services, carrier services, and managed services in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands. The US Telecom segment also provides fixed services, carrier services, mobility services, and managed services in Alaska and the western United States. Through its subsidiaries, it provides fixed and mobile telecommunications connectivity to residential, business and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, video and voice services, and carrier communications services, such as communications tower facilities to business, government, terrestrial, and submarine fiber optic transport.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Transaction Value: ATN International, through its subsidiary Commnet Wireless, has completed a tower asset sale to EIP Holdings IV for $268 million, which enhances the company's liquidity and financial flexibility, thereby supporting future capital allocation.
- Expected Subsequent Proceeds: The company anticipates an additional $30 million in proceeds from subsequent closings over the next twelve months, contingent on achieving specified construction and operational milestones at sites not included in the initial closing, further improving its financial position.
- Revenue and EBITDA Adjustments: The transaction is expected to reduce consolidated revenues by $3 million, operating income by $4 million, and Adjusted EBITDA by $7 million for the remaining seven months of 2026, reflecting the direct impact of the sale on the company's financial performance.
- Debt Repayment Strategy: ATN plans to allocate $68 million of the initial proceeds to repay borrowings under its CoBank revolving credit facility, demonstrating proactive measures in optimizing its capital structure and reducing financial costs.
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- Investor Conference Participation: ATN International will present at the 16th Annual East Coast IDEAS Investor Conference on June 11, 2026, in New York City, showcasing its leadership in digital infrastructure and communications services, which is expected to attract significant investor interest.
- Executive Attendance: CEO Naji Khoury, CFO Carlos Doliogli, and SVP Michele Satrowsky will attend the conference, conducting one-on-one investor meetings to enhance engagement and communication with investors.
- Live Webcast: ATN's presentation will be webcast live through the conference host's website and the company's investor relations page, ensuring global investors can access real-time updates on the company, thereby enhancing transparency and investor confidence.
- Market Positioning: ATN focuses on rural and remote markets in the U.S. and the Caribbean, providing advanced wireless and wireline connectivity services to meet the growing demand for infrastructure investments, highlighting the company's strategic significance in the rapidly evolving communications industry.
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- Financial Performance Overview: ATN International reported total revenue of $182 million for Q1, with operating income of $11.7 million and adjusted EBITDA of $49 million, reflecting steady growth in both revenue and profitability with an adjusted EBITDA margin improvement of 200 basis points to 26.7% year-over-year.
- Capital Expenditure Plans: CFO Doglioli indicated that capital expenditures for 2026 are expected to remain in the range of $105 million to $115 million, demonstrating the company's cautious approach to future investments while preparing for the upcoming tower transaction.
- Tower Transaction Progress: ATN anticipates closing the tower transaction in Q2 2026, with expected gross cash proceeds between $250 million and $270 million, and approximately $70 million of initial proceeds earmarked for repaying the revolving credit facility, showcasing strategic capital allocation.
- Future Outlook: Although adjusted EBITDA for 2026 is expected to decrease by $6 million to $8 million due to the tower transaction, the CFO remains optimistic about the company's overall performance, emphasizing a commitment to reassess the 2026 financial outlook post-initial closing.
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- Disappointing Earnings: ATN International reported a Q1 GAAP EPS of -$0.29, missing expectations by $0.41, indicating pressure on profitability that could affect investor confidence.
- Slight Revenue Growth: The company generated $182.22 million in revenue, a 1.6% year-over-year increase, yet still fell short of expectations by $1.18 million, suggesting that market demand has not significantly improved, which may impact future growth strategies.
- Risk-Reward Analysis: Despite ongoing deal approval risks, analysts believe that the risk-reward profile for ATN International still favors bullish positions, reflecting market confidence in the company's long-term potential, which may attract risk-tolerant investors.
- Executive Change: ATN International appointed Naji Khoury as CEO, with expectations that his leadership will drive strategic transformation, enhance market competitiveness, and improve financial performance.
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- Revenue Growth: ATN International reported Q1 revenue of $182 million, a 2% year-over-year increase, primarily driven by steady growth in both international and US markets, indicating sustained demand in the digital infrastructure sector.
- Operating Income Increase: Operating income rose to $11.7 million, up $9 million from the prior year, reflecting effective strategies in cost control and revenue growth, which enhanced overall profitability.
- Adjusted EBITDA Improvement: Adjusted EBITDA reached $48.6 million, a 10% increase year-over-year, with the EBITDA margin expanding from 24.7% to 26.7%, demonstrating significant progress in operational optimization and service quality enhancement.
- Tower Portfolio Sale Update: ATN expects to complete the initial closing of its US tower portfolio sale in Q2 2026, projected to generate gross proceeds of approximately $250 to $270 million, which will further strengthen the company's financial flexibility and market competitiveness.
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- Executive Change: ATN International announced the appointment of Naji Khoury as the new CEO effective April 20, aiming to drive further development in the company's digital infrastructure and communications services.
- Succession of Leadership: Khoury will succeed Brad Martin, who has made significant contributions to ATN's strategic direction and market expansion during his tenure, ensuring a smooth leadership transition.
- Extensive Experience: Khoury brings 14 years of experience from Liberty Communications Puerto Rico, where he served as CEO for six years, successfully managing operations in Puerto Rico and the U.S. Virgin Islands, showcasing his strong background in the communications industry.
- Strategic Goals: The appointment of the new CEO reflects ATN's commitment to enhancing its competitiveness in the digital infrastructure sector, which is expected to drive the company's future business growth and market expansion.
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