Key Developments: Atlantic Tele-Network Inc (ATNI.O)
50.49USD
24 May 2013
$-0.05 (-0.10%)
$50.54
$50.32
$50.50
$49.64
24,840
43,378
$51.86
$30.63
Latest Key Developments (Source: Significant Developments)
Atlantic Tele-Network Inc Declares Quarterly Dividend
Atlantic Tele-Network Inc announced that its Board of Directors has declared a quarterly dividend of $0.25 per share, payable on April 15, 2013, on all common shares outstanding to stockholders of record as of April 8, 2013. Full Article
Atlantic Tele-Network Inc Announces Sale Of U.S. Retail Wireless Business To AT&T
Atlantic Tele-Network Inc announced that it has agreed to sell its domestic retail wireless business operated under the Alltel name by ATN`s subsidiary Allied Wireless Communications Corporation ("Allied"). AT&T will purchase the operations in an all-cash transaction valued at approximately $780 million.Allied, based in Little Rock, Arkansas, serves approximately 585,000 customers in rural areas of six states - Georgia, North Carolina, South Carolina, Illinois, Ohio and Idaho, and generated revenues for the first nine months of 2012 of approximately $350 million. In ATN`s public filings, these operations are consolidated within its U.S. Wireless segment. These operations generated operating income estimated to be approximately $34 million, which is net of depreciation and amortization expense of approximately $42 million, for the first nine months of 2012. Full Article
Atlantic Tele-Network Inc Declares Quarterly Dividend
Atlantic Tele-Network Inc announced that Board of Directors has declared a quarterly dividend of $0.25 per share, payable on December 31, 2012, on all common shares outstanding to stockholders of record as of December 20, 2012. Full Article
Atlantic Tele-Network Inc Increases Quarterly Dividend
Atlantic Tele-Network Inc announced that its Board of Directors has declared a quarterly dividend of $0.25 per share, payable on October 10, 2012, on all common shares outstanding to stockholders of record as of September 30, 2012. This Company’s dividend and represents an increase of $0.02 or 8.7%, in the dividend paid in the previous quarter. Full Article
Atlantic Tele-Network, Inc. Declares Quarterly Dividend
Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.23 per share, payable on July 9, 2012, on all common shares outstanding to stockholders of record as of June 30, 2012. Full Article
Atlantic Tele-Network, Inc. Amends Credit Facility
Atlantic Tele-Network, Inc. announced that it has amended and restated its existing $375 million senior secured credit facility, which consists of a $125 million and a $150 million term loan and a $100 million revolving credit facility. The amendments to the credit facility extended the final maturities of the $125 million term loan and the revolving credit facility to June 30, 2017 and the $150 million term loan to June 30, 2019. The amendments also reduced the applicable interest rate margins on borrowings under the Company’s $125 million term loan and revolver loan by 75 basis points and by 25 basis points on borrowings under its $150 term loan. CoBank, ACB acted as Administrative Agent and Lead Arranger, along with Fifth Third Bank, as Joint Lead Arranger in the transaction. The Company expects to use the proceeds from the credit facility for working capital expenses, capital expenditures, and other corporate purposes. The Company currently has approximately $10.6 million in borrowings under its revolving credit facility. Full Article
Atlantic Tele-Network, Inc. Declares Quarterly Dividend
Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.23 per share, payable on April 13, 2012, on all common shares outstanding to stockholders of record as of March 30, 2012. Full Article
Atlantic Tele-Network, Inc. Declares Quarterly Dividend
Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.23 per share, payable on January 9, 2012, on all common shares outstanding to stockholders of record as of December 31, 2011. Full Article
Atlantic Tele-Network, Inc. Increases Quarterly Dividend
Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.23 per share, payable on October 14, 2011, on all common shares outstanding to stockholders of record as of October 7, 2011. Full Article
Atlantic Tele-Network, Inc. Board Declares Quarterly Dividend
Atlantic Tele-Network, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.22 per share, payable on July 11, 2011, on all common shares outstanding to stockholders of record as of June 30, 2011. Full Article
AT&T to pay $780 million for rural wireless assets
- AT&T will pay $780 million in cash to acquire Atlantic Tele-Network Inc's U.S. retail wireless operations operating under the Alltel brand, AT&T said on Tuesday, announcing a move aimed at boosting its service in rural areas.
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