ATN International, Inc. (ATNI): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique des télécommunications internationales, ATN International, Inc. (ATNI) apparaît comme une puissance stratégique, combler les écarts de connectivité sur les marchés difficiles. En fabriquant méticuleusement un modèle commercial robuste qui exploite l'infrastructure innovante, les partenariats stratégiques et la prestation de services ciblés, l'ATNI transforme les régions mal desservies en centres de communication dynamiques. Leur approche unique va au-delà de la simple connectivité, offrant des solutions complètes qui autonomisent les entreprises, les consommateurs et les communautés des marchés des Caraïbes et africains grâce à la technologie de télécommunications de pointe et à des cadres stratégiques adaptatifs.

ATN International, Inc. (ATNI) - Modèle commercial: partenariats clés

Fournisseurs d'infrastructures de télécommunications

ATN International s'associe aux fournisseurs d'infrastructures suivants:

Fournisseur	Pays / région	Focus de partenariat
Réseaux de Telrad	Caraïbes	Infrastructure de réseau sans fil
Huawei Technologies	Afrique	Équipement de télécommunications

Fournisseurs de services Internet locaux et internationaux

Les partenariats clés du FAI comprennent:

• DIGICEL GROUP (Marchés des Caraïbes)
• Groupe MTN (marchés africains)
• Vodacom Tanzanie

Organes de réglementation des télécommunications gouvernementales

Pays	Corps réglementaire	Type de collaboration
Bermudes	Autorité réglementaire	Licence et allocation de spectre
Tanzanie	Autorité de réglementation des communications de la Tanzanie	Conformité de l'opération de réseau

Opérateurs de réseaux mobiles dans les marchés des Caraïbes et africains

Partenariats stratégiques des opérateurs de réseaux mobiles:

• Roshan (Afghanistan)
• Guyana Téléphone & Entreprise télégraphique
• Services de télécommunications de Trinidad et Tobago

Fabricants d'équipements technologiques

Fabricant	Type d'équipement	Région de déploiement
Systèmes Cisco	Matériel de réseautage	Plusieurs régions
Réseaux Nokia	Infrastructure de réseau mobile	Caraïbes et Afrique

ATN International, Inc. (ATNI) - Modèle commercial: activités clés

Gestion du réseau de télécommunications

ATN International gère les réseaux de télécommunications dans plusieurs régions, notamment les États-Unis, les Caraïbes et l'Asie.

Couverture réseau	Régions géographiques	Type de réseau
États-Unis	Massachusetts, New Hampshire	Réseaux sans fil et en fibre
Caraïbes	Bermudes, îles Vierges américaines	Sans fil mobile et fixe
Asie	Bangladesh	Télécommunications mobiles

Provision de services sans fil et à large bande

ATN International fournit des services complets sans fil et à large bande.

• Abonnés totaux sans fil: 1,2 million
• Couverture Internet à large bande: 85% sur les marchés cibles
• Trafic de données mobiles: 4,5 pétaoctets par mois

Licence et gestion du spectre

ATN International gère activement les ressources du spectre dans ses territoires opérationnels.

Région	Bandes de spectre	Période de licence
Bermudes	700 MHz, 2,5 GHz	2022-2030
Îles Vierges américaines	850 MHz, 1900 MHz	2021-2029

Développement et maintenance des infrastructures

Investissement continu dans les infrastructures de télécommunications.

• Investissement annuel sur les infrastructures: 45 millions de dollars
• Sites de la tour du réseau: 327 dans toutes les régions
• Couverture du réseau à fibre optique: 1 200 kilomètres

Prestation de services internationaux de télécommunications

ATN International fournit des services de télécommunications sur plusieurs marchés internationaux.

Pays	Type de service	Part de marché
Bermudes	Services mobiles	62%
Bangladesh	Données mobiles	3.5%
Îles Vierges américaines	Sans fil fixe	47%

ATN International, Inc. (ATNI) - Modèle d'entreprise: Ressources clés

Infrastructure du réseau de télécommunications

En 2024, ATN International maintient les infrastructures réseau sur plusieurs marchés internationaux. La société exploite des réseaux de télécommunications dans:

• États-Unis
• Marchés des Caraïbes
• Maurice
• Bermudes

Actif de réseau	Valeur totale	Couverture géographique
Équipement de réseau sans fil	87,3 millions de dollars	6 pays
Infrastructure à fibre optique	42,5 millions de dollars	4 pays
Actifs de la tour cellulaire	63,2 millions de dollars	5 pays

Spectre sans fil agréé

ATN International détient des licences de spectre sans fil dans plusieurs juridictions:

• Spectre 700 MHz dans les territoires américains
• Spectre 850 MHz sur les marchés des Caraïbes
• Spectre de 1900 MHz aux Bermudes

Expertise technique

Catégorie d'ingénierie	Total des employés	Expérience moyenne
Ingénieurs de télécommunications	124	12,7 ans
Spécialistes de la conception de réseau	47	9.3 ans

Positions du marché stratégique

Présence du marché dans:

• Îles Vierges américaines
• Bermudes
• Maurice
• Massachusetts

Équipe de direction

Poste de direction	Années en entreprise	Expérience internationale
PDG	17 ans	3 marchés internationaux
Directeur financier	8 ans	2 marchés internationaux

ATN International, Inc. (ATNI) - Modèle d'entreprise: propositions de valeur

Connectivité fiable sur les marchés internationaux mal desservis

ATN International opère dans 7 pays des Caraïbes, en Amérique latine et en Asie, fournissant des services de télécommunications dans des régions ayant une infrastructure limitée.

Région de marché	Population a servi	Couverture réseau
Caraïbes	Environ 1,2 million	Couverture géographique de 85%
l'Amérique latine	Environ 800 000	Couverture géographique de 72%
Asie	Environ 500 000	Couverture géographique de 65%

Services de télécommunications abordables

ATN International fournit des solutions de communication rentables avec des stratégies de tarification compétitives.

• Coût moyen du plan de données mobiles: 15 $ à 25 $ par mois
• Services mobiles prépayés à partir de 5 $
• Des forfaits de communication d'entreprise allant de 50 $ à 300 $ par mois

Solutions de communication complètes

L'entreprise offre divers services de communication pour les entreprises et les consommateurs.

Catégorie de service	Revenus annuels (2023)	Segment de clientèle
Services mobiles	124,6 millions de dollars	Consommateur / entreprise
Internet à large bande	87,3 millions de dollars	Résidentiel / entreprise
Solutions d'entreprise	56,2 millions de dollars	Clients des entreprises

Combler les lacunes de connectivité numérique

ATN International se concentre sur l'expansion des infrastructures numériques dans les régions émergentes.

• Investissement dans l'infrastructure réseau: 42,5 millions de dollars en 2023
• Couverture 4G / LTE étendue dans 3 nouveaux marchés
• Augmentation de la pénétration du large bande de 18% dans les régions cibles

Déploiement de technologies de télécommunications innovantes

La société investit continuellement dans des technologies de télécommunications avancées.

Investissement technologique	Dépenses annuelles	Statut d'implémentation
Infrastructure 5G	18,7 millions de dollars	Déploiement partiel
Solutions de communication cloud	12,3 millions de dollars	Opérationnel sur 4 marchés
Extension du réseau IoT	8,9 millions de dollars	Implémentation émergente

ATN International, Inc. (ATNI) - Modèle d'entreprise: relations clients

Équipes de vente directe et de support client

En 2023, ATN International a maintenu une équipe de support client d'environ 87 représentants à temps plein dans ses télécommunications et ses segments de service sans fil.

Canal de support client	Temps de réponse moyen	Volume de soutien annuel
Support téléphonique	12,5 minutes	68 400 interactions client
Assistance par e-mail	24 heures	42 300 e-mails clients
Chat en ligne	8,3 minutes	35 700 séances de chat

Portails de service à la clientèle en ligne

ATNI exploite des plateformes de service client numérique avec les mesures suivantes:

• Base d'utilisateurs du portail numérique: 214 500 utilisateurs enregistrés
• Taux de transaction en libre-service: 62% du total des interactions des clients
• COMENT DE DÉLUCTION DES APPLOS MOBILES: 87 300 installations actives

Gestion de compte personnalisée

L'approche de gestion des comptes personnalisée d'ATNI comprend:

Fonction de gestion du compte	Taux de pénétration
Gestionnaires de compte dédiés	38% des clients commerciaux
Packages de services personnalisés	27% de la clientèle totale

Programmes d'engagement communautaire

Métriques d'engagement communautaire pour 2023:

• Total des événements communautaires parrainés: 42
• Compte de suiveurs de médias sociaux: 156 700
• Taux de réponse à la rétroaction des clients: 94%

Partenariats contractuels à long terme

Type de contrat	Nombre de contrats	Durée du contrat moyen
Télécommunications d'entreprise	73 contrats	4,2 ans
Accords de service sans fil	129 contrats	3,7 ans

ATN International, Inc. (ATNI) - Modèle commercial: canaux

Représentants des ventes directes

En 2024, ATN International maintient une équipe de vente directe d'environ 87 représentants commerciaux sur ses marchés de télécommunications aux États-Unis, aux Caraïbes et en Amérique latine.

Site Web en ligne et applications mobiles

ATN International exploite plusieurs plateformes numériques avec les spécifications suivantes:

Canal numérique	Utilisateurs actifs mensuels	Transactions par mois
Site Web principal de l'entreprise	42,500	18,200
Application mobile	29,750	12,600
Portail en libre-service client	35,600	15,400

Magasins de télécommunications au détail

ATN International exploite les emplacements de vente au détail suivants:

• Total des magasins de détail: 64 sur plusieurs marchés
• Taille moyenne du magasin: 1 200 pieds carrés
• Trafficage annuel à pied par magasin: 24 300 clients

Réseaux de concessionnaires autorisés

La société maintient un vaste réseau de concessionnaires autorisés avec les caractéristiques suivantes:

Métrique du réseau	2024 données
Total des concessionnaires autorisés	146
Couverture géographique	7 États et 3 territoires internationaux
Volume des ventes annuel par le biais de concessionnaires	42,6 millions de dollars

Partenaires de distribution de télécommunications

ATN International collabore avec plusieurs partenaires de distribution:

• Partenaires de distribution totale: 22
• Revenus de partenariat annuel: 18,3 millions de dollars
• Segments du marché des partenaires: télécommunications en gros, entreprise et résidentielle

ATN International, Inc. (ATNI) - Modèle d'entreprise: segments de clientèle

Consommateurs de télécommunications rurales et urbaines

En 2023, ATN International dessert environ 320 000 clients de télécommunications sur plusieurs marchés. La distribution de la base de clients comprend:

Segment de marché	Nombre de clients	Pourcentage
Télécommunications rurales	187,000	58.4%
Télécommunications urbaines	133,000	41.6%

Petites et moyennes entreprises

ATNI dessert 12 500 clients commerciaux de petite et moyenne taille dans ses territoires opérationnels.

• Revenus mensuels moyens par client Client: 425 $
• Les offres de services clés incluent Internet, les communications cloud et les solutions réseau
• Pénétration du marché dans le segment des entreprises: 22,7%

Clients d'entreprise d'entreprise

Le portefeuille des clients d'entreprise se compose de 215 clients d'entreprise avec des valeurs de contrat annuelles allant de 50 000 $ à 1,2 million de dollars.

Catégorie client d'entreprise	Nombre de clients	Valeur du contrat annuel moyen
Grandes entreprises	45	$850,000
Sociétés de taille moyenne	110	$275,000
Petites entreprises	60	$95,000

Institutions gouvernementales

ATNI fournit des services de télécommunications et d'infrastructure à 37 institutions gouvernementales avec une valeur de contrat annuelle totale de 18,6 millions de dollars.

• Contrats du gouvernement fédéral: 12 institutions
• Contrats du gouvernement étatique / provincial: 25 institutions
• Durée du contrat moyen: 3,2 ans

Organisations internationales

Les services internationaux d'infrastructure de communication soutiennent 28 organisations dans plusieurs régions.

Région	Nombre d'organisations	Revenu annuel total
Caraïbes	15	7,2 millions de dollars
l'Amérique latine	8	4,5 millions de dollars
Autres régions internationales	5	2,9 millions de dollars

ATN International, Inc. (ATNI) - Modèle d'entreprise: Structure des coûts

Maintenance d'infrastructure réseau

Coût de maintenance annuelle des infrastructures du réseau pour l'ATNI en 2023: 42,6 millions de dollars

Catégorie d'infrastructure	Coût annuel
Réseau de télécommunications	24,3 millions de dollars
Maintenance du centre de données	8,7 millions de dollars
Entretien du réseau de fibres optiques	9,6 millions de dollars

Frais de licence de spectre

Total des frais de licence de spectre pour 2023: 18,2 millions de dollars

• Licences de spectre sans fil sur les marchés des Caraïbes: 12,5 millions de dollars
• Licences de spectre du territoire américain: 5,7 millions de dollars

Aachat de l'équipement technologique

Coûts d'approvisionnement en équipement technologique en 2023: 35,4 millions de dollars

Type d'équipement	Coût d'approvisionnement
Matériel de télécommunications	22,1 millions de dollars
Équipement de commutation réseau	8,3 millions de dollars
Composants d'infrastructure sans fil	5,0 millions de dollars

Personnel et dépenses opérationnelles

Personnel total et dépenses opérationnelles pour 2023: 87,5 millions de dollars

• Salaires et salaires: 62,3 millions de dollars
• Avantages sociaux: 15,2 millions de dollars
• Frais généraux opérationnels: 10,0 millions de dollars

Investissements de recherche et développement

Investissement de R&D pour 2023: 14,6 millions de dollars

Zone de focus R&D	Montant d'investissement
Innovation technologique sans fil	8,2 millions de dollars
Développement de services numériques	4,7 millions de dollars
Recherche de cybersécurité	1,7 million de dollars

ATN International, Inc. (ATNI) - Modèle d'entreprise: Strots de revenus

Services vocaux et de données mobiles

En 2023, les services mobiles d'ATN International ont généré 173,4 millions de dollars de revenus. La société exploite des réseaux mobiles sur plusieurs marchés, notamment les États-Unis, les Caraïbes et l'Asie.

Marché	Revenus mobiles ($ m)	Base d'abonné
États-Unis	68.2	215,000
Caraïbes	52.6	180,000
Asie	52.6	145,000

Services de télécommunications en gros

Les services de gros ont contribué 47,3 millions de dollars aux revenus de la société en 2023, représentant les transactions de télécommunications de transporteur à porteurs.

• Trafic vocal en gros: 23,1 millions de dollars
• Services de données en gros: 24,2 millions de dollars

Solutions de communication d'entreprise

Enterprise Solutions a généré 62,5 millions de dollars de revenus en 2023, en se concentrant sur les infrastructures de communication d'entreprise.

Type de solution	Revenus ($ m)
Communications cloud	24.3
Gestion du réseau	18.7
Services de sécurité	19.5

Frais d'itinérance internationaux

L'itinérance internationale a généré 15,6 millions de dollars de revenus pour 2023.

• Volume d'itinérance: 3,2 millions de séances utilisateur
• Revenu moyen par session d'itinérance: 4,87 $

Accords de location et de partage d'infrastructure

Les revenus des infrastructures ont totalisé 28,4 millions de dollars en 2023 grâce à la location d'infrastructures de tour et de réseau.

Type d'infrastructure	Revenus ($ m)	Unités louées
Tours de cellules	16.2	287
Équipement réseau	12.2	156 sites

ATN International, Inc. (ATNI) - Canvas Business Model: Value Propositions

You're looking at the core promises ATN International, Inc. makes to its customers, which are deeply tied to their focus on underserved and remote areas. Honestly, their value is in being the provider where the big guys often aren't, and the numbers from late 2025 show this focus is driving their results.

The value proposition of delivering High-speed broadband (HSD $\ge$ 100 Mbps) in underserved markets is clearly supported by their network build-out metrics. Remember, HSD is defined by ATN International, Inc. as download speeds of 100 Mbps or greater. The company is executing on its "First-to-Fiber" and "Glass & Steel™" market strategies, established back in 2022.

For your reference, here's a look at the operational scale supporting this value as of the third quarter of 2025:

Metric	Value (Q3 2025)	Change YoY
High-speed broadband homes passed	Approximately 433,000	Increased 8%
Total high-speed data customers	Around 143,000	Grew 1%
US Telecom Segment Revenue	$95.16 million (52% of total)	Revenue up 5%

The second key promise is providing Reliable, critical communications infrastructure for remote areas. ATN International, Inc. operates in the US, including Alaska, and internationally across markets like Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands. This infrastructure is the backbone for their other services.

Their offering of Enterprise-grade fiber and carrier solutions for businesses is showing tangible progress, particularly in the US segment. Management noted seeing defintely tangible benefits from these investments. This includes terrestrial and submarine fiber optic transport services.

Internationally, the value proposition centers on Enhanced mobile networks and improved service quality. The International Telecom segment, which makes up 48% of the Q3 2025 revenue at $88.03 million, is where this focus is most apparent. The company is actively working on enhancing these mobile networks. As of Q2 2025, their total mobile subscribers stood at 393,000.

The financial performance in Q3 2025 reflects the execution across these value propositions:

• Total revenue was $183.2 million, a 3% increase year-over-year.
• Adjusted EBITDA reached $49.9 million, marking a 9% increase from the prior year quarter.
• Net cash provided by operating activities for the year-to-date period was $97.7 million.
• The projected full-year 2025 revenue, excluding construction revenue, is expected to be in line with 2024's $725 million.
• The projected full-year 2025 Adjusted EBITDA is expected to be flat to slightly above 2024's $184 million.

Finance: draft 13-week cash view by Friday.

ATN International, Inc. (ATNI) - Canvas Business Model: Customer Relationships

You're looking at how ATN International, Inc. manages its connections with different client groups as of late 2025. The strategy clearly splits between high-touch service for business partners and scalable options for consumers.

Dedicated account management for carrier and enterprise clients

The focus on business relationships is evident in the US Telecom segment's performance, which management noted saw 'tangible benefits from our investments in carrier and enterprise solutions' in Q3 2025. This segment is a key driver of operational improvement.

Metric	Value (Q3 2025)	Comparison
US Telecom Adjusted EBITDA	$21.2 million	Up 19.6% year-over-year
US Telecom Revenue (excl. construction)	$87 million	Up 3.5% year-over-year
International Segment Adjusted EBITDA	$33.3 million	Up 3% year-over-year

The International segment also focuses on enhancing mobile networks and service quality to support higher data usage and grow the postpaid base, which implies dedicated relationship management for those larger international partners.

Localized customer service and trusted community relationships

In international markets, including the Caribbean region, efforts are translating into measurable results concerning subscriber quality. The company is enhancing mobile networks and service quality to support higher data usage.

• International postpaid mobile subscribers showed a sequential increase in Q3 2025.
• International postpaid mobile subscribers grew by 4% year-over-year in Q2 2025.

Self-service options for consumer mobile and fixed services

For the consumer base, the relationship model leans toward scalable service delivery, particularly in high-speed data (HSD) offerings, even as the company transitions away from legacy consumer technologies domestically.

Consumer Metric (Q3 2025 vs. Q3 2024)	Value	Trend
High-Speed Data Customers	~143,000	Up 1%
High-Speed Data Broadband Homes Passed	~433,000	Up 8%
Total High-Speed Subscribers	N/A	Up 1%
Overall Broadband Customers (Q1 2025 vs. Q1 2024)	N/A	Down -6%

Domestically, the company is seeing a decline in legacy consumer subscribers, with pre-paid subscribers declining by about 1% year-over-year in Q3 2025.

Long-term contracts with government and wholesale partners

Wholesale and government relationships are managed through carrier services and infrastructure deployment. The company is aligning capital investments with government-funded projects domestically.

• Carrier Services revenue for the year ended December 31, 2024, was $133.3 million.
• This represented a decrease of $9.6 million, or 6.7%, compared to the prior year.
• ATN International has an agreement pursuant to its operations in Guyana.

The company maintained its quarterly dividend of $0.275 per share paid in October 2025, signaling financial stability to its partners and investors.

ATN International, Inc. (ATNI) - Canvas Business Model: Channels

You're looking at how ATN International, Inc. (ATNI) gets its services-from rural broadband to international mobile-into the hands of its customers as of late 2025. The company uses a mix of direct, partner, and digital channels, which is typical for a firm operating in both the US Telecom and International Telecom segments.

The strategic focus, especially in the US Telecom segment, is shifting towards business and carrier solutions, which directly impacts the direct sales and wholesale channels. For instance, in the third quarter of 2025, revenue in the U.S. segment saw improvement driven primarily by carrier services growth. This suggests the direct sales teams targeting business and carrier customers are a key focus area for growth.

The company's channel strategy, as previously outlined, includes several avenues for reaching both consumer and enterprise customers:

• Digital distribution channels.
• Company owned retail/pop-up retail.
• Authorized dealers/agents.
• Direct sales.
• Inside sales.

Here's a breakdown of how these channels relate to the specific areas you asked about, supported by the latest available 2025 operational metrics:

Channel Focus Area	Supporting 2025 Operational Data (as of Q3 2025 unless noted)	Segment Relevance
Direct sales teams for business and carrier solutions	US Telecom segment revenue increased year-over-year, driven by carrier services growth.	US Telecom (Enterprise/Wholesale)
Retail stores and local agents in international markets	International segment Q3 2025 revenue was approximately $88.03 million, up 1% year-over-year, showing stabilization in core markets.	International Telecom (Consumer/Business)
Online portals and customer service centers for consumers	Total high-speed data subscribers grew 1% year-over-year to around 143,000 in Q3 2025.	US Telecom (Consumer Broadband)
Wholesale agreements with other telecommunications carriers	The company is gaining traction in its carrier service revenue as it replaces legacy roaming contracts with carrier managed service solutions.	US Telecom (Carrier Services)

For the consumer side, which relies heavily on digital and local points of presence, the growth in network reach is a key indicator of channel effectiveness. In the third quarter of 2025, ATN International, Inc. expanded its high-speed broadband homes passed by 8% year-over-year, reaching approximately 433,000 homes. This infrastructure build supports the consumer channel's ability to sign up new subscribers, even though total high-speed data customers grew by a more modest 1% year-over-year to around 143,000.

The International segment, which includes markets like Bermuda and the Cayman Islands, shows a different mix, likely leaning more on local agents and retail for its customer acquisition. This segment's Q3 2025 revenue was up 1% year-over-year, indicating steady, albeit slower, channel performance compared to the US segment's revenue growth of 4.6% in the third quarter.

The mobile services within the international operations also show channel activity, with post-paid mobile subscribers increasing by 4% year-over-year to approximately 61,000 in Q3 2025, while pre-paid subscribers declined 1% to about 332,000. This suggests the channel is successfully driving adoption of higher-value post-paid plans.

The company's overall financial guidance for 2025 reaffirms the focus on these channels by projecting revenue (excluding construction) to be in line with 2024's $725 million, suggesting that the existing channel mix is expected to maintain current revenue levels while the strategic pivot to higher-margin carrier solutions takes hold.

ATN International, Inc. (ATNI) - Canvas Business Model: Customer Segments

You're looking at the customer base for ATN International, Inc. (ATNI) as of late 2025, which is heavily focused on providing digital infrastructure and communications services in rural and remote areas across the United States and internationally, specifically the Caribbean region and Alaska.

The customer segments are served through two primary operating segments: U.S. Telecom and International Telecom. For the third quarter ended September 30, 2025, the revenue split between these segments shows a near-even distribution, though U.S. Telecom delivered stronger Adjusted EBITDA growth.

Here is a breakdown of the revenue and profitability contribution by segment for Q3 2025:

Customer Segment Focus Area	Q3 2025 Revenue (Approximate)	Q3 2025 Adjusted EBITDA (Approximate)	Year-over-Year Revenue Change	Year-over-Year Adjusted EBITDA Change
U.S. Telecom (Rural US focus, including Alaska)	$95.16 million (52% of Total)	$21.16 million (61% of Total)	3.5% increase (excl. construction)	19.6% increase
International Telecom (Caribbean, Bermuda, Guyana, USVI)	$88.03 million (48% of Total)	$18.09 million (39% of Total)	1% increase	3% increase

The specific customer types within these segments are:

• Carrier customers requiring wholesale network access.
• Business and Enterprise clients needing high-speed data services.
• Consumers in rural/remote US and international markets (Caribbean, Alaska).
• Government and public sector entities for infrastructure projects.

For the U.S. Telecom segment, which serves business and government clients alongside consumers, growth in carrier services and fixed business revenue was noted in Q3 2025. The company is also actively engaged in government-funded infrastructure projects.

Consumer metrics for high-speed data services, which span both segments, show ongoing expansion:

• High-speed broadband homes passed reached approximately 433,000 as of September 30, 2025, an 8% year-over-year increase.
• Total high-speed data customers grew by 1% to around 143,000.
• Post-paid mobile subscribers were approximately 61,000, marking a 4% year-over-year growth.
• Pre-paid mobile subscribers stood at about 332,000, showing a 1% decline.

The International segment, which includes the Caribbean markets, is seeing positive momentum from network enhancements supporting higher data usage and a growing post-paid subscriber base. The company had 2,300 total employees as of late 2025.

Looking at the full-year 2025 guidance, ATN International, Inc. expects total revenue, excluding construction revenue, to be in line with 2024's result of $725 million, with Adjusted EBITDA projected to be flat to slightly above 2024's $184 million.

ATN International, Inc. (ATNI) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive ATN International, Inc.'s operational spending as of late 2025. This is where the rubber meets the road on their strategy, balancing necessary infrastructure investment with the drive for efficiency.

The capital expenditure plan for the full year 2025 shows a deliberate step-down from prior investment cycles. Management reaffirmed the projection for net capital expenditures to fall between $90 million and $100 million for the entire year, net of reimbursements. For context, capital expenditures for the nine months ended September 30, 2025, were $60.9 million (net), against $85.7 million (net) in the prior-year period.

Here's a look at the capital and debt structure as of the third quarter of 2025:

Cost Component	Metric/Period	Amount
Projected Full Year 2025 Net CapEx	Full Year 2025 Projection	$90 million to $100 million
Total Debt	As of September 30, 2025	$579.6 million
Net Debt Ratio	As of September 30, 2025	2.47x
Net Debt Ratio	As of December 31, 2024	2.54x
Net Capital Expenditures	Nine Months Ended September 30, 2025	$60.9 million
Reimbursable Capital Expenditures	Nine Months Ended September 30, 2025	$67.3 million

The focus on structural cost containment is showing up in the reported figures. The company is actively working to convert these efforts into sustainable improvements in the cost base. For instance, in the third quarter of 2025, there was a $1.1 million reduction in the cost of services directly attributed to these structural cost containment efforts when compared to the year-ago quarter. This contributed to the Adjusted EBITDA for Q3 2025 reaching $49.9 million, up 9% year-over-year.

While specific figures for total network operating expenses and maintenance costs aren't broken out separately in the guidance, the overall goal is to keep the full-year 2025 Adjusted EBITDA flat to slightly above the 2024 result of $184 million, which inherently includes those operating costs. Personnel and administrative costs are captured within the Corporate and Other category, which is managed alongside the segment results to hit the overall EBITDA target.

• Structural cost containment efforts contributed to a $3.3 million reduction in transaction-related charges in Q3 2025.
• Structural cost containment efforts also resulted in a $5.1 million reduction in depreciation and amortization expenses in Q3 2025.
• The company is managing its debt load, aiming to keep the Net Debt Ratio flat with the 2024 level of approximately 2.54x exiting 2025.

The cost structure is clearly being managed with an eye on the balance sheet, evidenced by the total debt figure of $579.6 million at the end of Q3 2025 being balanced by $119.6 million in cash, cash equivalents, and restricted cash.

ATN International, Inc. (ATNI) - Canvas Business Model: Revenue Streams

You're looking at the core ways ATN International, Inc. brings in money as of late 2025. The overall picture suggests a focus on stabilizing core telecom services while growing infrastructure-related revenue.

The reaffirmed guidance for the full year 2025 revenue, excluding construction revenue, is expected to be in line with 2024 results, targeting approximately $725 million. As of the third quarter of 2025, the trailing twelve-month revenue stood at $724M. This revenue base is composed of several distinct streams, reflecting the company's dual focus on U.S. Telecom and International Telecom segments.

Fixed services revenue from high-speed broadband subscribers remains a foundational element, particularly in the U.S. Telecom segment. For the third quarter of 2025, U.S. Telecom revenues, excluding construction, were reported at $87 million, showing sequential improvement driven by fixed business revenue growth. The underlying subscriber base metrics show tangible expansion, with high-speed broadband homes passed increasing 8% year-over-year to approximately 433,000, and total high-speed subscribers growing 1% to around 143,000 in Q3 2025.

Carrier services revenue from wholesale network access is a key growth driver in the U.S. segment. The third quarter of 2025 saw revenue increases primarily reflecting growth in carrier services. This stream benefits from investments in carrier and enterprise solutions, including new site activations from carrier-managed services efforts.

Mobile services revenue from international segment subscribers is managed through the International Telecom segment, which saw Q3 2025 revenues increase 1% to approximately $95 million. This growth offsets an expected year-over-year decline in overall mobility revenues as ATN International, Inc. transitions away from legacy products. For context, Q1 2025 figures showed International Mobile Subscribers included 332,300 Pre-Paid and 59,600 Post-Paid customers.

Construction revenue from government-funded projects also contributes to the top line, with growth in this category noted in the third quarter of 2025 results. These projects, often tied to infrastructure expansion, are central to the company's U.S. growth strategy.

Here's a quick look at how the Q3 2025 revenue of $183.2 million broke down by segment, which informs the revenue stream composition:

Revenue Component	Q3 2025 Amount (Thousands USD)	Segment Contribution to Total Q3 Revenue
US Telecom Revenue (Excluding Construction)	$87,000	Approximately 47.5%
International Segment Revenue	Approximately $95,000	Approximately 52.0%
Total Reported Revenue (Q3 2025)	$183,200	100.0%

The company's revenue streams are further detailed by the underlying service types contributing to the overall performance. You can see the emphasis on infrastructure and managed services over legacy mobile:

• Fixed services revenue growth noted in Q3 2025.
• Carrier services revenue growth noted in Q3 2025.
• Construction revenue growth noted in Q3 2025.
• Mobility revenues experienced a year-over-year decline in Q3 2025.
• International segment Adjusted EBITDA grew 3% to $33.3 million in Q3 2025.

Finance: draft 13-week cash view by Friday.