ATN International Sells 214 Tower Portfolio for Up to $297 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy ATNI?
Source: seekingalpha
- Transaction Value: ATN International has agreed to sell a portfolio of 214 towers and related operations to Everest Infrastructure Partners for up to $297 million, reflecting the company's proactive asset disposal strategy.
- Tax Implications: The company anticipates that taxes, payments to minority investors, and transaction-related expenses will account for approximately 25% to 30% of the gross proceeds, necessitating careful management of financial liquidity.
- Use of Proceeds: ATN International plans to utilize the proceeds to reduce debt, invest in existing operations, and advance select growth opportunities, aiming to enhance long-term competitiveness through optimized capital structure.
- Transaction Timeline: The initial closing of the transaction is expected to occur in the second quarter of 2026, providing the company with time to plan subsequent financial and operational strategies.
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Analyst Views on ATNI
Wall Street analysts forecast ATNI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ATNI is 39.00 USD with a low forecast of 39.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 26.110
Low
39.00
Averages
39.00
High
39.00
Current: 26.110
Low
39.00
Averages
39.00
High
39.00
No data
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.
ATN International Divests 214 Wireless Towers for Up to $297 Million
- Transaction Overview: ATN International has entered into a Purchase and Sale Agreement with Everest Infrastructure to divest 214 wireless towers in the Southwestern U.S. for up to $297 million, with initial closing expected in Q2 2026 generating gross proceeds of approximately $250 to $270 million.
- Financial Impact: Upon completion, the transaction is expected to reduce consolidated and U.S. Telecom segment revenue, operating income, and EBITDA by approximately $5 to $7 million, $4 to $6 million, and $10 to $13 million respectively, reflecting the loss of contributions from the tower assets.
- Use of Proceeds: ATN plans to allocate about $70 million of the initial transaction proceeds to repay borrowings under its CoBank revolving credit facility, aiming to reduce debt and enhance financial flexibility to support future growth opportunities.
- Strategic Goals: CEO Brad Martin stated that this transaction unlocks the inherent value of the tower assets, with the company's strategic objective focused on building a stronger, more efficient ATN to deliver sustainable long-term value for shareholders.
See More
ATN International Sells 214 Tower Portfolio for Up to $297 Million
- Transaction Value: ATN International has agreed to sell a portfolio of 214 towers and related operations to Everest Infrastructure Partners for up to $297 million, reflecting the company's proactive asset disposal strategy.
- Tax Implications: The company anticipates that taxes, payments to minority investors, and transaction-related expenses will account for approximately 25% to 30% of the gross proceeds, necessitating careful management of financial liquidity.
- Use of Proceeds: ATN International plans to utilize the proceeds to reduce debt, invest in existing operations, and advance select growth opportunities, aiming to enhance long-term competitiveness through optimized capital structure.
- Transaction Timeline: The initial closing of the transaction is expected to occur in the second quarter of 2026, providing the company with time to plan subsequent financial and operational strategies.
See More
Analysis of Top Performing Communication Services Stocks
- High Momentum Stocks: According to the SA grading system, ATN International (ATNI), iHeartMedia (IHRT), and Lumen Technologies (LUMN) all received the highest momentum grade of A+, indicating strong market performance that may attract investor interest.
- Valuation Rating Highlights: ATN International (ATNI) carries a Strong Buy rating with a B valuation grade, suggesting it is viewed as an attractive investment choice in the current market, while Lumen Technologies (LUMN) leads with a B+ valuation grade, indicating its relative affordability.
- Other Notable Companies: The E.W. Scripps Company (SSP) and AMC Networks (AMCX) received A and A+ valuation grades respectively, highlighting their competitiveness and investment appeal in the market, particularly in balancing momentum and valuation.
- Telecom Giants' Performance: Verizon Communications (VZ) and AT&T (T) have momentum grades of B and B-, respectively, which, while lower, still indicate their stability in the market, potentially attracting investors seeking safer investments.
See More
Alaska Communications Appoints Jesse Kleinbach as VP to Enhance Carrier Services
- Leadership Change: Alaska Communications has appointed Jesse Kleinbach as the new VP, leveraging his over 25 years of telecom experience to enhance service value for partners and customers, thereby strengthening market competitiveness.
- Service Expansion: Kleinbach will focus on expanding service options and improving operational efficiency, ensuring partners and customers receive exceptional support and connectivity, which will drive the company's continued growth in the telecom market.
- Innovative Solutions: Kleinbach's past successes include simplifying connectivity and expanding market opportunities, which will aid the company in delivering more reliable and innovative solutions for wholesale customers, enhancing customer satisfaction.
- Strategic Commitment: Chief Revenue Officer Dale Knipp emphasized that Kleinbach's leadership will be critical to realizing the company's vision, indicating Alaska Communications' commitment to helping partners grow and succeed.
See More
Alaska Communications Appoints John Sims to Board of Directors
- Leadership Change: Alaska Communications has appointed John Sims, President of ENSTAR Natural Gas Company, to its Board of Directors, bringing nearly two decades of leadership experience that will enhance the company's community-focused approach amid growth and challenges in Alaska.
- Community Commitment: Sims' appointment underscores Alaska Communications' dedication to local leadership, aiming to leverage his strategic insights to improve the delivery of reliable and advanced connectivity services across the state.
- Infrastructure Improvement: With a career dedicated to enhancing infrastructure and quality of life for Alaskans, Sims aligns with Alaska Communications' vision of connecting Alaskans to each other and the world, thereby fostering local economic development.
- Board Outlook: Brad Martin, Chair of the Board, noted that Sims' addition will aid the company in expanding its service reach in Alaska, ensuring competitiveness in a rapidly evolving communications landscape.
See More
John Sims Joins the Board of Directors at Alaska Communications
Appointment Announcement: John Sims, President of ENSTAR Natural Gas Company, has been appointed to the Board of Directors of Alaska Communications, bringing extensive leadership experience and a commitment to Alaskan communities.
Community Focus: Sims' leadership at ENSTAR has emphasized collaboration and resilience, aligning with Alaska Communications' vision to enhance connectivity for Alaskans.
Leadership Perspective: Brad Martin, chair of Alaska Communications, highlighted Sims' understanding of local needs and strategic leadership as valuable assets for the board.
Company Overview: Alaska Communications is a key provider of critical communications infrastructure in Alaska, operating a statewide fiber network and undersea fiber optic systems connecting Alaska to the U.S. mainland.
See More
ATN International Divests 214 Wireless Towers for Up to $297 Million
- Transaction Overview: ATN International has entered into a Purchase and Sale Agreement with Everest Infrastructure to divest 214 wireless towers in the Southwestern U.S. for up to $297 million, with initial closing expected in Q2 2026 generating gross proceeds of approximately $250 to $270 million.
- Financial Impact: Upon completion, the transaction is expected to reduce consolidated and U.S. Telecom segment revenue, operating income, and EBITDA by approximately $5 to $7 million, $4 to $6 million, and $10 to $13 million respectively, reflecting the loss of contributions from the tower assets.
- Use of Proceeds: ATN plans to allocate about $70 million of the initial transaction proceeds to repay borrowings under its CoBank revolving credit facility, aiming to reduce debt and enhance financial flexibility to support future growth opportunities.
- Strategic Goals: CEO Brad Martin stated that this transaction unlocks the inherent value of the tower assets, with the company's strategic objective focused on building a stronger, more efficient ATN to deliver sustainable long-term value for shareholders.
See More
ATN International Sells 214 Tower Portfolio for Up to $297 Million
- Transaction Value: ATN International has agreed to sell a portfolio of 214 towers and related operations to Everest Infrastructure Partners for up to $297 million, reflecting the company's proactive asset disposal strategy.
- Tax Implications: The company anticipates that taxes, payments to minority investors, and transaction-related expenses will account for approximately 25% to 30% of the gross proceeds, necessitating careful management of financial liquidity.
- Use of Proceeds: ATN International plans to utilize the proceeds to reduce debt, invest in existing operations, and advance select growth opportunities, aiming to enhance long-term competitiveness through optimized capital structure.
- Transaction Timeline: The initial closing of the transaction is expected to occur in the second quarter of 2026, providing the company with time to plan subsequent financial and operational strategies.
See More
Analysis of Top Performing Communication Services Stocks
- High Momentum Stocks: According to the SA grading system, ATN International (ATNI), iHeartMedia (IHRT), and Lumen Technologies (LUMN) all received the highest momentum grade of A+, indicating strong market performance that may attract investor interest.
- Valuation Rating Highlights: ATN International (ATNI) carries a Strong Buy rating with a B valuation grade, suggesting it is viewed as an attractive investment choice in the current market, while Lumen Technologies (LUMN) leads with a B+ valuation grade, indicating its relative affordability.
- Other Notable Companies: The E.W. Scripps Company (SSP) and AMC Networks (AMCX) received A and A+ valuation grades respectively, highlighting their competitiveness and investment appeal in the market, particularly in balancing momentum and valuation.
- Telecom Giants' Performance: Verizon Communications (VZ) and AT&T (T) have momentum grades of B and B-, respectively, which, while lower, still indicate their stability in the market, potentially attracting investors seeking safer investments.
See More
Alaska Communications Appoints Jesse Kleinbach as VP to Enhance Carrier Services
- Leadership Change: Alaska Communications has appointed Jesse Kleinbach as the new VP, leveraging his over 25 years of telecom experience to enhance service value for partners and customers, thereby strengthening market competitiveness.
- Service Expansion: Kleinbach will focus on expanding service options and improving operational efficiency, ensuring partners and customers receive exceptional support and connectivity, which will drive the company's continued growth in the telecom market.
- Innovative Solutions: Kleinbach's past successes include simplifying connectivity and expanding market opportunities, which will aid the company in delivering more reliable and innovative solutions for wholesale customers, enhancing customer satisfaction.
- Strategic Commitment: Chief Revenue Officer Dale Knipp emphasized that Kleinbach's leadership will be critical to realizing the company's vision, indicating Alaska Communications' commitment to helping partners grow and succeed.
See More
Alaska Communications Appoints John Sims to Board of Directors
- Leadership Change: Alaska Communications has appointed John Sims, President of ENSTAR Natural Gas Company, to its Board of Directors, bringing nearly two decades of leadership experience that will enhance the company's community-focused approach amid growth and challenges in Alaska.
- Community Commitment: Sims' appointment underscores Alaska Communications' dedication to local leadership, aiming to leverage his strategic insights to improve the delivery of reliable and advanced connectivity services across the state.
- Infrastructure Improvement: With a career dedicated to enhancing infrastructure and quality of life for Alaskans, Sims aligns with Alaska Communications' vision of connecting Alaskans to each other and the world, thereby fostering local economic development.
- Board Outlook: Brad Martin, Chair of the Board, noted that Sims' addition will aid the company in expanding its service reach in Alaska, ensuring competitiveness in a rapidly evolving communications landscape.
See More
John Sims Joins the Board of Directors at Alaska Communications
Appointment Announcement: John Sims, President of ENSTAR Natural Gas Company, has been appointed to the Board of Directors of Alaska Communications, bringing extensive leadership experience and a commitment to Alaskan communities.
Community Focus: Sims' leadership at ENSTAR has emphasized collaboration and resilience, aligning with Alaska Communications' vision to enhance connectivity for Alaskans.
Leadership Perspective: Brad Martin, chair of Alaska Communications, highlighted Sims' understanding of local needs and strategic leadership as valuable assets for the board.
Company Overview: Alaska Communications is a key provider of critical communications infrastructure in Alaska, operating a statewide fiber network and undersea fiber optic systems connecting Alaska to the U.S. mainland.
See More
