ATN International Appoints Naji Khoury as CEO Effective April 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy ATNI?
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.
- 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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- 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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- Funding Support: Alaska Communications has secured over $124 million in BEAD program funding to deploy fiber and next-generation fixed wireless broadband infrastructure, aiming to serve 9,000 unserved and underserved locations, significantly enhancing internet access in remote areas.
- Self-Investment: In addition to federal funding, Alaska Communications will invest its own capital to extend broadband services to an additional 12,000 locations, a move that not only improves the quality of life for local residents but also promotes education and economic development.
- Network Speed Enhancement: The expansion will deliver up to gigabit speeds to multiple communities, including Anchorage and Fairbanks, ensuring families, students, healthcare providers, and businesses have strong connectivity, thereby enhancing their competitiveness and quality of life.
- Community Collaboration: Alaska Communications will work closely with local communities during construction planning to ensure that broadband solutions effectively support education, healthcare, and economic development, demonstrating the company's commitment to improving the lives of Alaskans.
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- Significant Revenue Growth: ATN International reported total revenues of $184.2 million for Q4 2025, reflecting a 2% year-over-year increase, with communication service revenues rising by 3%, indicating strong performance across multiple service offerings and reinforcing the company's market position.
- Improved Operating Income: The operating income for Q4 reached $15.7 million, up from $8.7 million in the same period last year, demonstrating substantial progress in executing strategic plans and operational improvements, thereby enhancing future profitability.
- Strategic Asset Sale: The company plans to sell its Southwest U.S. tower portfolio for up to $297 million, a move that will provide greater flexibility and resilience entering 2026 while focusing on core strategic objectives, which is expected to positively impact future financial performance.
- Optimistic Future Outlook: Management anticipates adjusted EBITDA for 2026 to be in the range of $190 million to $200 million, despite facing a $5 million headwind from the conclusion of high-cost funding support, maintaining an optimistic view on future growth and emphasizing continued capital allocation optimization to support long-term growth.
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- Earnings Performance: ATN International reported a Q4 GAAP EPS of -$0.32, missing expectations by $0.35, indicating challenges in profitability, while revenue of $184.2 million, up 2% year-over-year, slightly exceeded market expectations, demonstrating resilience in revenue growth.
- Future Outlook: The company expects 2026 adjusted EBITDA to range between $190 million and $200 million, with potential reductions of $6 million to $8 million due to the pending sale of its U.S. tower portfolio, reflecting uncertainties in asset disposal processes.
- Capital Expenditure Plans: Capital expenditures are projected to be between $105 million and $115 million, aimed at supporting future growth strategies, indicating ATN's proactive positioning despite market volatility.
- Transaction Dynamics: ATN International plans to sell 214 towers in the Southwestern U.S. for $297 million; while this transaction faces approval risks, it is still viewed as a strategic move beneficial for the company's long-term development.
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- Revenue Growth: In Q4 2025, revenues reached $184.2 million, a 2% increase year-over-year, although full-year revenues remained flat at $728 million, indicating stability in a highly competitive market.
- Operational Efficiency: Operating income rose to $15.7 million in Q4, up $7 million from the previous year, reflecting the company's ability to enhance profitability through cost control and asset dispositions.
- Subscriber Growth: High-speed broadband subscribers grew by 3% in Q4, reaching 145,000, indicating positive progress in expanding market share and enhancing the customer base.
- Future Outlook: Adjusted EBITDA for 2026 is expected to range between $190 million and $200 million, although the pending sale of the US tower portfolio may reduce this outlook by $6 million to $8 million, reflecting a cautiously optimistic view on future growth.
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