ATNI News & Events

Stock futures are modestly lower this morning. Markets are pausing after a four-day rebound, with sentiment turning cautious again as investors head into a key geopolitical deadline. The central driver remains the standoff in the Middle East, specifically the U.S. deadline for Iran to reopen the Strait of Hormuz. With Tehran rejecting both the deadline and ceasefire proposals, markets are now bracing for a potential escalation scenario rather than a negotiated outcome. That shift in expectations is pushing oil back higher and reintroducing the same inflation concerns that drove volatility throughout March.The oil move is once again dictating cross-asset behavior. Higher crude is tightening financial conditions, pressuring equities, and complicating the Federal Reserve outlook.Energy-linked assets are benefiting from the renewed supply shock narrative, while oil-sensitive sectors, particularly airlines and transports, are coming back under pressure. At the same time, defensive pockets of the market are seeing inflows, and health insurers are outperforming following favorable policy updates. Volatility is elevated and that dynamic is keeping risk appetite contained despite the recent bounce.In pre-market trading, S&P 500 futures fell 0.38%, Nasdaq futures fell 0.55% and Dow futures fell 0.30%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Organogenesisup 17% after reporting it has met the primary endpoint in its PuraPly studyHumana, UnitedHealthand CVS Healthup 10%, 8% and 7% respectively after Centers for Medicare & Medicaid Services finalized Medicare payment policy at higher-than-expected ratesBroadcomup 3% after entering into a long-term agreement for the company to develop and supply custom TPUs for Google'sfuture generations of TPUs and a supply assurance agreement for Broadcom to supply networking and other components to be used in Google's next-generation AI racks through up to 2031Casey's General Storesup 1% after being admitted into the S&P 500 indexLOWER -ATN Internationaldown 1% after announcing Brad Martin is stepping down as CEO and member of the company's board of directorsEstee Lauderdown 1% after Spanish newspaper Expansion reported the families behind Puig and Estee Lauder are set to meet in New York this week to negotiate the terms of a potential combination of their beauty businesses with the goal of announcing an agreement in the coming weeksPrecigendown 1% after providing Q1 revenue guidance

ATN International announced its board of directors has appointed Naji Khoury as president and CEO, effective April 20. Khoury succeeds Brad Martin, who is stepping down as CEO and member of the company's board of directors and will remain in an advisory capacity through the end of May to support a transition. Khoury is an industry leader with nearly 30 years of experience in the telecommunications sector. Prior to joining ATN, he spent 14 years at Liberty Communications Puerto Rico.

ATN International announced that Commnet Wireless and certain of its subsidiaries have entered into a purchase sale agreement with an affiliate of Everest Infrastructure Partners, a provider of wireless infrastructure, to divest its portfolio of 214 Southwestern U.S. towers and related operations for up to $297M in an all cash transaction. The company currently expects estimated taxes, payments to minority investors in the tower portfolio, and transaction-related expenses will total 25%-30% of the gross proceeds received. The company expects the initial closing of the transaction to occur in Q2 generating gross proceeds of $250M-$270M. Of this initial closing amount, $20M-$35M will be subject to resolution of certain post-closing conditions within twelve months. Subsequent closings, totaling $27M-$47M, are anticipated to occur over the twelve months following the initial closing, subject to the achievement of specified milestones within the tower portfolio. Upon full completion of the transaction, the company expects the estimated twelve-month impact on consolidated and US Telecom segment revenue, operating income, and EBITDA would result in reductions of $5M-$7M, $4M-$6M, and $10M-$13M, respectively. The company intends to allocate approximately $70M of the initial transaction proceeds to repay borrowings under its CoBank revolving credit facility.

ATN International announced that its Board of Directors has approved a quarterly dividend increase of 15% to 27.5c per share. The quarterly dividend will be payable on July 7, 2025, on all common shares outstanding to stockholders of record as of June 30. "The Board's decision to increase the dividend at this time reflects our confidence in the company's financial strength and future cash flow generation," said Brad Martin, ATN's CEO. "As we move forward, we remain focused on monetizing the investments made during our recent three-year strategic capital spending cycle, supported by ongoing cost management and efficiency initiatives. These efforts reinforce our commitment to disciplined capital allocation and our confidence in delivering sustained long-term value to our shareholders."