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ATN International Advances Strategic Priorities With Sale of U.S. Tower Portfolio - ATN International (NASDAQ:ATNI)
ATN International will receive up to $297 million in cash for 214 Southwestern towers, using about $70 million to repay debt and improve financial flexibility.
- Yesterday, ATN International announced it will sell a Tower Portfolio of 214 Southwestern U.S. towers to an Everest affiliate, with the Initial Closing expected to generate approximately $250 to $270 million.
- To advance strategic priorities, ATN said the transaction unlocks tower portfolio value and, with operational improvements over the past year, intends to allocate $70 million of the initial Transaction proceeds to repay borrowings under its CoBank revolving credit facility.
- ATN estimates the twelve-month impact would reduce revenue by $5 to $7 million, with approximately $20 to $35 million of the Initial Closing subject to post-closing conditions and subsequent closings of $27 to $47 million over twelve months.
- The Transaction is subject to customary closing conditions including third-party consents and the Hart‑Scott‑Rodino Act waiting period, with Rothschild & Co as ATN's sole financial advisor and Lape Mansfield Nakasian + Gibson, LLC as legal advisor.
- About 25% to 30% of gross proceeds will go to estimated taxes, minority investors, and transaction expenses, while Everest has raised over $2.0 billion since 2015.
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ATN International Advances Strategic Priorities With Sale of U.S. Tower Portfolio - ATN International (NASDAQ:ATNI)
BEVERLY, Mass., Feb. 11, 2026 (GLOBE NEWSWIRE) -- ATN International, Inc. ("ATN" or the "Company") (NASDAQ:ATNI), a leading provider of digital infrastructure and communications services, today announced that Commnet Wireless, LLC and certain of its subsidiaries have entered into a Purchase and Sale Agreement with an affiliate of Everest Infrastructure Partners, Inc. ("Everest") a leading provider of wireless infrastructure, to divest its portfo…
·New York, United States
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Total News Sources11
Leaning Left8Leaning Right1Center2Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 18%
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