ATN International Reports 8% Q4 EBITDA Growth to $50M, Agrees Tower Sale for $297M
ATN International posted Q4 revenue of $184.2 million, up 2%, with operating income of $15.7 million and Adjusted EBITDA up 8% to $50.0 million. The company agreed to sell 214 U.S. towers for up to $297 million and targets 2026 Adjusted EBITDA of $190–$200 million and capex of $105–$115 million.
1. Q4 Revenue, Operating Income, and EBITDA Improvement
ATN International posted Q4 revenue of $184.2 million, a 2% increase, driven by a 3% rise in communication service revenue. Operating income improved to $15.7 million from $8.7 million, while Adjusted EBITDA expanded 8% to $50.0 million due to lower SG&A and gains on asset dispositions.
2. Full-Year Performance and Profitability Trends
For full-year 2025, revenue held steady at $728 million as growth in carrier services offset declines in legacy offerings. Adjusted EBITDA rose 3% to $190.0 million and operating income turned positive at $28.4 million compared with a $0.8 million loss in 2024, while net loss narrowed to $14.9 million.
3. Tower Portfolio Sale and 2026 Guidance
The company agreed to sell 214 Southwestern U.S. towers for up to $297 million, with initial gross proceeds of roughly $250–$270 million anticipated in Q2 2026. Management forecasts 2026 Adjusted EBITDA of $190–$200 million and capital expenditures of $105–$115 million, excluding the tower sale.
4. Cash Flow, Balance Sheet, and Broadband Expansion
ATN ended 2025 with $117.2 million in cash and a net debt ratio of 2.36x, down from 2.54x, while operating cash flow rose 5% to $133.9 million. The company expanded homes passed by high-speed broadband by 25% in Alaska and secured provisional BEAD funding commitments exceeding $150 million.