Business
ATN Reports Fourth Quarter and Full Year 2021 Results and Provides Financial Outlook
Fourth Quarter 2021 Results Revenues increased by 52% to $187.6 million from $123.7 million a year ago, primarily due to the successful acquisition of Alaska
About this update from Atn International, Inc.
[{"type":"text","content":"Fourth Quarter 2021 Results Revenues increased by 52% to $187.6 million from $123.7 million a year ago, primarily due to the successful acquisition of Alaska Communications.Net loss, including a one-time $20.6 million goodwill impairment charge, was $24.2 million versus $20.5 million a year ago.EBITDA1 increased to $17.2 million from $7.5 million a year ago.Adjusted EBITDA2 increased to $42.3 million from $30.5 million a year ago.Capital expenditures were $35.2 million.Total cash, cash equivalents and restricted cash was $80.7 million as of December 31, 2021. BEVERLY, Mass., Feb. 23, 2022 (GLOBE NEWSWIRE) -- ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, today reported results for the fourth quarter and year ended December 31, 2021. “We delivered a strong quarter marked by execution on strategic objectives aligned with our long-term growth plans,” said Michael Prior, Chief Executive Officer of ATN. “Notably, we completed the integration of Alaska Communications, brought digital connectivity to remote areas such as southwestern Alaska and northern Arizona, and made important advances in our domestic fiber-first platform strategy. With the contribution of Alaska Communications, we achieved more than 50% topline growth year over year as well as a more balanced revenue contribution between our domestic and international segments. At the same time, we made key investments in foundational infrastructure across our operating areas for future expansion while bolstering our leadership in both growing and mature markets. “Our expansion in Alaska drove momentum in our U.S. operations, led by business and wholesale customers, including national wireless carriers. We see ample opportunity to accelerate our revenue and customer growth by further expanding the reach of our domestic data networks. In addition to increasing our coverage, we are investing in our offerings of higher-speed services through fiber and other high-speed data solutions. This also includes fiber and other infrastructure builds for our carrier services customers as we continue to transition away from our legacy wholesale wireless services to a more durable ‘glass and steel’ fiber-first model. “Our international operations remained resilient with double-digit year-over-year mobility...