QUOTE AND NEWS
StreetInsider.com  Apr 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Atlantic+Tele-Network%2C+Inc.+%28ATNI%29+Declares+%240.25+Quarterly+Dividend%3B+2.1%25+Yield/8220199.html for the full story.
Forbes  Jan 25  Comment 
It's been a busy week for AT&T: it reached an agreement with Atlantic Tele-Network to buy its wireless subscribers and spectrum for $780 million at the start of the week. Now, on Friday, news comes out that it is buying spectrum from Verizon for...
Wall Street Journal  Jan 22  Comment 
AT&T agreed to acquire Atlantic Tele-Network's retail wireless operations in the U.S. for about $780 million, building up its substantial subscriber base.
StreetInsider.com  Jan 22  Comment 
Atlantic Tele-Network, Inc. (NASDAQ: ATNI) 18% HIGHER; agreed to sell its domestic retail wireless business operated under the Alltel name by ATN’s subsidiary Allied Wireless Communications Corporation. AT&T (NYSE: T) will purchase the...
Forbes  Jan 22  Comment 
Atlantic Tele-Network this morning said it has agreed to sell its domestic retail wireless business - which operates under the name Alltel by Atlantic's Allied Wireless Communications unit - to AT&T for $780 million in cash.
Forbes  Jan 2  Comment 
In trading on Wednesday, shares of Atlantic Tele-Network, Inc. (NASD: ATNI) crossed above their 200 day moving average of $37.46, changing hands as high as $37.69 per share. Atlantic Tele-Network, Inc. shares are currently trading off about 1.5%...
StreetInsider.com  Dec 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Atlantic+Tele-Network+%28ATNI%29+Declares+%240.25+Quarterly+Dividend%3B+2.7%25+Yield/7932577.html for the full story.
Forbes  Dec 3  Comment 
In trading on Monday, shares of Atlantic Tele-Network, Inc. (NASD: ATNI) crossed above their 200 day moving average of $37.63, changing hands as high as $37.82 per share. Atlantic Tele-Network, Inc. shares are currently trading off about 0.5% on...
Forbes  Nov 9  Comment 
In trading on Friday, shares of Atlantic Tele-Network, Inc. (NASD: ATNI) crossed below their 200 day moving average of $37.60, changing hands as low as $37.26 per share. Atlantic Tele-Network, Inc. shares are currently trading up about 1.9% on the...
StreetInsider.com  Oct 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Atlantic+Tele-Network%2C+Inc.+%28ATNI%29+Tops+Q3+EPS+by+28c/7827390.html for the full story.




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS

Atlantic Tele-Network (ATNI) is a provider of wireless and wired communication services for underserved markets in the US, the Caribbean, Bermuda, and Guayana. The company operates in two main segments: Wireless, for cellular voice and data services, and Wireline, for hardwired communication services. Atlantic Tele-Network also sells wholesale wireless services, commonly known as roaming, to sixty-five other US based wireless communication providers. In the US, the company’s areas of wireless business are located in rural, underserved markets in the Southwest and Midwest US under the ‘’’Alltell’’’ brand; the company’s US wired operations are concentrated primarily in Vermont.[1] The company’s future success will depend on both its ability to maintain competitive pricing in its retail markets compared to other carriers and the expansion ambitions of larger wireless carriers as they build their own cellular infrastructure, reducing the need for ATNI’s wholesale services.

Business Segments[2]

  • US Wireless Retail - 47% of net sales
  • US Wireless Wholesale - 25.8% of net sales (53% growth)
  • International Wireless - 8.3% of net sales (14% growth)
  • Wireline - 13.6% of net sales (4.5% decrease)
  • Equipment and Other - 4.8% of net sales

The company’s retail wireless segment was created with the acquisition of Alltell in April 2010. Equipment sales, which includes the retail sale of handheld devices, expanded exponentially due to the Alltell acquisition.

Business Growth

FY 2010 (Ended December 31, 2010)[3]

  • Net Revenue more than doubled from 2009 to $619.1 million.
  • Net Income grew 8% to $38.5 million.

The company's net revenue increased more than 250% in 2010 following the company's acquisition of parts of the Alltell network. ATNI acquired more than 800,000 wireless subscribers following its purchase of parts of Alltell after Verizon's purchase of the majority of the Alltell network. However, the increased revenue did not translate into significantly higher net income and the company expects the ongoing integration process to continue through the first half of 2011.[4]

Trends and Forces

Major Cellular Providers’ Network Expansion

Atlantic Tele-Network has thrived on providing wireless communication services to underserved areas within the US. However, as the country's wireless industry continues to undergo a consolidation driven by the three largest national carriers, these companies will continue to expand their geographic coverage and invariably encroach on ATNI's territory. In addition to operating in underserved areas, ATNI also provides roaming services to the larger networks, but this capacity would become redundant if the larger carriers expand into the same geographic area.

Maintaining Competitiveness in Underserved Markets

Atlantic Tele-Network has focused on geographic markets with little or no wireless competition. In order to grow their subscriber base and retain subscribers, the company has traditionally focused on providing cheaper plans than many of their larger competitors. However, when the larger companies move into ATNI's markets, the company will have to maintain its pricing and network quality competitiveness in order to remain an attractive option for many of its customers.[5] The company's prices must also remain competitive because many subscribers tend to drop smaller wireless providers in order to join a larger, national network like those provided by ATNI's competitors.[6]

Competition

Atlantic Tele-Network's services compete primarily with the three large telecommunication companies below, but also with smaller, regional utility companies.

  • Verizon Communications (VZ) is the largest wireless telecommunication services provider in the United States.
  • AT&T (T) is the second-largest wireless telecommunications company in the United States
  • Sprint Nextel (S) is the third-largest wireless telecommunications company in the US, although it is significantly smaller than the two industry leaders.

The company's wireline operations compete more directly with other regional/local telecommunications utility providers in the various geographies served.

References

  1. ATNI 2010 10-K, p. 36
  2. ATNI 2010 10-K, p. 40
  3. ATNI 2010 10-K, p. 40
  4. Atlantic Tele-Network Shares Plunged: What You Need to Know, Motley Fool, 3/2/11
  5. Atlantic Tele-Network, Inc. Improves Network Coverage for Alltel Wireless Customers, WSJ, 3/14/11
  6. Atlantic Tele-Network Shares Plunged: What You Need to Know, Motley Fool, 3/2/11
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki