ATN International, Inc. (ATNI): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico das telecomunicações internacionais, a ATN International, Inc. (ATNI) emerge como uma potência estratégica, em ponte de lacunas de conectividade em mercados desafiadores. Ao criar meticulosamente um modelo de negócios robusto que aproveita a infraestrutura inovadora, parcerias estratégicas e a prestação de serviços direcionada, o ATNI transforma regiões carentes em hubs de comunicação vibrantes. Sua abordagem única vai além da mera conectividade, oferecendo soluções abrangentes que capacitam negócios, consumidores e comunidades nos mercados do Caribe e Africano por meio de tecnologia de telecomunicações de ponta e estruturas estratégicas adaptativas.

ATN International, Inc. (ATNI) - Modelo de negócios: Parcerias -chave

Provedores de infraestrutura de telecomunicações

A ATN International faz parceria com os seguintes provedores de infraestrutura:

Provedor	País/região	Foco em parceria
Redes de Telrad	Caribe	Infraestrutura de rede sem fio
Tecnologias Huawei	África	Equipamento de telecomunicações

Provedores de serviços de Internet locais e internacionais

As principais parcerias do ISP incluem:

• Grupo Digicel (mercados do Caribe)
• Grupo MTN (mercados africanos)
• Vodacom Tanzânia

Órgãos regulatórios de telecomunicações do governo

País	Órgão regulatório	Tipo de colaboração
Bermudas	Autoridade regulatória	Licenciamento e alocação de espectro
Tanzânia	Autoridade Reguladora de Comunicações da Tanzânia	Conformidade com operação de rede

Operadores de rede móvel nos mercados do Caribe e Africano

Parcerias estratégicas de operadores de rede móvel:

• Roshan (Afeganistão)
• Telefone da Guiana & Telegraph Company
• Serviços de telecomunicações de Trinidad e Tobago

Fabricantes de equipamentos de tecnologia

Fabricante	Tipo de equipamento	Região de implantação
Sistemas Cisco	Hardware de rede	Várias regiões
Redes Nokia	Infraestrutura de rede móvel	Caribe e África

ATN International, Inc. (ATNI) - Modelo de negócios: atividades -chave

Gerenciamento de rede de telecomunicações

A ATN International gerencia redes de telecomunicações em várias regiões, incluindo Estados Unidos, Caribe e Ásia.

Cobertura de rede	Regiões geográficas	Tipo de rede
Estados Unidos	Massachusetts, New Hampshire	Redes sem fio e fibras
Caribe	Bermuda, Ilhas Virgens dos EUA	Móvel e fixo sem fio
Ásia	Bangladesh	Telecomunicações móveis

Duneira de serviço de banda larga e sem fio

A ATN International fornece serviços abrangentes sem fio e de banda larga.

• Total de assinantes sem fio: 1,2 milhão
• Cobertura da Internet de banda larga: 85% nos mercados -alvo
• Tráfego de dados móveis: 4,5 petabytes por mês

Licenciamento e gerenciamento de espectro

A ATN International gerencia ativamente os recursos do espectro em seus territórios operacionais.

Região	Bandas de espectro	Período de licenciamento
Bermudas	700 MHz, 2,5 GHz	2022-2030
Ilhas Virgens dos EUA	850 MHz, 1900 MHz	2021-2029

Desenvolvimento e manutenção de infraestrutura

Investimento contínuo em infraestrutura de telecomunicações.

• Investimento anual de infraestrutura: US $ 45 milhões
• Sites de torre de rede: 327 nas regiões
• Cobertura da rede de fibra óptica: 1.200 quilômetros

Entrega do Serviço de Telecomunicações Internacionais

A ATN International fornece serviços de telecomunicações em vários mercados internacionais.

País	Tipo de serviço	Quota de mercado
Bermudas	Serviços móveis	62%
Bangladesh	Dados móveis	3.5%
Ilhas Virgens dos EUA	Fixo sem fio	47%

ATN International, Inc. (ATNI) - Modelo de negócios: Recursos -chave

Infraestrutura de rede de telecomunicações

A partir de 2024, a ATN International mantém a infraestrutura de rede em vários mercados internacionais. A empresa opera redes de telecomunicações em:

• Estados Unidos
• Mercados do Caribe
• Maurício
• Bermudas

Ativo de rede	Valor total	Cobertura geográfica
Equipamento de rede sem fio	US $ 87,3 milhões	6 países
Infraestrutura de fibra óptica	US $ 42,5 milhões	4 países
Ativos de torre celular	US $ 63,2 milhões	5 países

Espectro sem fio licenciado

A ATN International detém licenças de espectro sem fio em várias jurisdições:

• Espectro de 700 MHz em territórios dos EUA
• Espectro de 850 MHz nos mercados do Caribe
• Espectro de 1900 MHz nas Bermudas

Experiência técnica

Categoria de engenharia	Total de funcionários	Experiência média
Engenheiros de Telecomunicações	124	12,7 anos
Especialistas em design de rede	47	9,3 anos

Posições estratégicas de mercado

Presença de mercado em:

• Ilhas Virgens dos EUA
• Bermudas
• Maurício
• Massachusetts

Equipe de gerenciamento

Posição executiva	Anos com empresa	Experiência internacional
CEO	17 anos	3 mercados internacionais
Diretor Financeiro	8 anos	2 mercados internacionais

ATN International, Inc. (ATNI) - Modelo de negócios: proposições de valor

Conectividade confiável em mercados internacionais carentes

A ATN International opera em 7 países do Caribe, América Latina e Ásia, fornecendo serviços de telecomunicações em regiões com infraestrutura limitada.

Região de mercado	População servida	Cobertura de rede
Caribe	Aproximadamente 1,2 milhão	85% de cobertura geográfica
América latina	Aproximadamente 800.000	72% de cobertura geográfica
Ásia	Aproximadamente 500.000	65% de cobertura geográfica

Serviços de telecomunicações acessíveis

A ATN International fornece soluções de comunicação econômicas com estratégias competitivas de preços.

• Custo médio do plano de dados móveis: US $ 15 a US $ 25 por mês
• Serviços móveis pré -pagos a partir de US $ 5
• Pacotes de comunicação comercial que variam de US $ 50 a US $ 300 mensais

Soluções abrangentes de comunicação

A empresa oferece diversos serviços de comunicação para empresas e consumidores.

Categoria de serviço	Receita anual (2023)	Segmento de clientes
Serviços móveis	US $ 124,6 milhões	Consumidor/negócio
Internet de banda larga	US $ 87,3 milhões	Residencial/Enterprise
Enterprise Solutions	US $ 56,2 milhões	Clientes corporativos

Ponte de lacunas de conectividade digital

A ATN International se concentra na expansão da infraestrutura digital em regiões emergentes.

• Investimento em infraestrutura de rede: US $ 42,5 milhões em 2023
• Cobertura 4G/LTE expandida em 3 novos mercados
• Aumento da penetração de banda larga em 18% nas regiões -alvo

Implantação inovadora de tecnologia de telecomunicações

A empresa investe continuamente em tecnologias avançadas de telecomunicações.

Investimento em tecnologia	Despesas anuais	Status de implementação
Infraestrutura 5G	US $ 18,7 milhões	Implantação parcial
Soluções de comunicação em nuvem	US $ 12,3 milhões	Operacional em 4 mercados
Expansão da rede de IoT	US $ 8,9 milhões	Implementação emergente

ATN International, Inc. (ATNI) - Modelo de negócios: relacionamentos com o cliente

Equipes diretas de vendas e suporte ao cliente

A partir de 2023, a ATN International mantinha uma equipe de suporte ao cliente de aproximadamente 87 representantes em período integral em seus segmentos de telecomunicações e serviços sem fio.

Canal de suporte ao cliente	Tempo médio de resposta	Volume de suporte anual
Suporte telefônico	12,5 minutos	68.400 interações com os clientes
Suporte por e -mail	24 horas	42.300 e -mails de clientes
Chat online	8,3 minutos	35.700 sessões de bate -papo

Portais de atendimento ao cliente online

A ATNI opera plataformas de atendimento ao cliente digital com as seguintes métricas:

• Base de Usuário do Portal Digital: 214.500 Usuários Registrados
• Taxa de transação de autoatendimento: 62% do total de interações com os clientes
• Mobile App Download Count: 87.300 Instalações ativas

Gerenciamento de contas personalizado

A abordagem de gerenciamento de contas personalizada da ATNI inclui:

Recurso de gerenciamento de contas	Taxa de penetração
Gerentes de conta dedicados	38% dos clientes comerciais
Pacotes de serviço personalizados	27% da base total de clientes

Programas de envolvimento da comunidade

Métricas de engajamento da comunidade para 2023:

• Total de eventos comunitários patrocinados: 42
• Contagem de seguidores de mídia social: 156.700
• Taxa de resposta de feedback do cliente: 94%

Parcerias de contrato de longo prazo

Tipo de contrato	Número de contratos	Duração média do contrato
Telecomunicações corporativas	73 contratos	4,2 anos
Acordos de serviço sem fio	129 contratos	3,7 anos

ATN International, Inc. (ATNI) - Modelo de Negócios: Canais

Representantes de vendas diretas

A partir de 2024, a ATN International mantém uma equipe de vendas direta de aproximadamente 87 representantes de vendas em seus mercados de telecomunicações nos Estados Unidos, Caribe e América Latina.

Site online e aplicativos móveis

A ATN International opera várias plataformas digitais com as seguintes especificações:

Canal digital	Usuários ativos mensais	Transações por mês
Principal Site Corporativo	42,500	18,200
Aplicativo móvel	29,750	12,600
Portal de autoatendimento do cliente	35,600	15,400

Lojas de telecomunicações de varejo

A ATN International opera os seguintes locais de varejo:

• Total de lojas de varejo: 64 em vários mercados
• Tamanho médio da loja: 1.200 pés quadrados
• Tráfego anual de pedestres por loja: 24.300 clientes

Redes de revendedores autorizados

A empresa mantém uma extensa rede de revendedores autorizada com as seguintes características:

Métrica de rede	2024 dados
Total de revendedores autorizados	146
Cobertura geográfica	7 estados e 3 territórios internacionais
Volume anual de vendas através de revendedores	US $ 42,6 milhões

Parceiros de distribuição de telecomunicações

A ATN International colabora com vários parceiros de distribuição:

• Parceiros totais de distribuição: 22
• Receita anual de parceria: US $ 18,3 milhões
• Segmentos de mercado parceiros: atacado, empresa e telecomunicações residenciais

ATN International, Inc. (ATNI) - Modelo de negócios: segmentos de clientes

Consumidores de telecomunicações rurais e urbanas

A partir de 2023, a ATN International atende a aproximadamente 320.000 clientes de telecomunicações em vários mercados. A distribuição da base de clientes inclui:

Segmento de mercado	Número de clientes	Percentagem
Telecomunicações rurais	187,000	58.4%
Telecomunicações urbanas	133,000	41.6%

Pequenas e médias empresas

A ATNI atende 12.500 clientes comerciais pequenos e médios em seus territórios operacionais.

• Receita mensal média por empresa: US $ 425
• As ofertas de serviços -chave incluem Internet, comunicações em nuvem e soluções de rede
• Penetração de mercado no segmento de negócios: 22,7%

Clientes corporativos corporativos

O portfólio de clientes corporativos consiste em 215 clientes corporativos com valores anuais de contrato que variam de US $ 50.000 a US $ 1,2 milhão.

Categoria do cliente corporativo	Número de clientes	Valor médio anual do contrato
Grandes corporações	45	$850,000
Corporações de tamanho médio	110	$275,000
Pequenas empresas	60	$95,000

Instituições governamentais

A ATNI fornece serviços de telecomunicações e infraestruturas para 37 instituições governamentais com valor total do contrato anual de US $ 18,6 milhões.

• Contratos do governo federal: 12 instituições
• Contratos do governo estatal/provincial: 25 instituições
• Duração média do contrato: 3,2 anos

Organizações Internacionais

Serviços internacionais de infraestrutura de comunicação suportam 28 organizações em várias regiões.

Região	Número de organizações	Receita anual total
Caribe	15	US $ 7,2 milhões
América latina	8	US $ 4,5 milhões
Outras regiões internacionais	5	US $ 2,9 milhões

ATN International, Inc. (ATNI) - Modelo de negócios: estrutura de custos

Manutenção de infraestrutura de rede

Custos anuais de manutenção de infraestrutura de rede para ATNI em 2023: US $ 42,6 milhões

Categoria de infraestrutura	Custo anual
Rede de telecomunicações	US $ 24,3 milhões
Manutenção do data center	US $ 8,7 milhões
Upkeep de rede de fibra óptica	US $ 9,6 milhões

Taxas de licenciamento de espectro

Despesas totais de licenciamento de espectro para 2023: $ 18,2 milhões

• Licenças de espectro sem fio nos mercados do Caribe: US $ 12,5 milhões
• Licenças de espectro de território dos EUA: US $ 5,7 milhões

Compras de equipamentos de tecnologia

Custos de aquisição de equipamentos de tecnologia em 2023: US $ 35,4 milhões

Tipo de equipamento	Custo de compras
Hardware de telecomunicações	US $ 22,1 milhões
Equipamento de comutação de rede	US $ 8,3 milhões
Componentes de infraestrutura sem fio	US $ 5,0 milhões

Pessoal e despesas operacionais

Pessoal total e despesas operacionais para 2023: US $ 87,5 milhões

• Salários e salários: US $ 62,3 milhões
• Benefícios dos funcionários: US $ 15,2 milhões
• Orimador operacional: US $ 10,0 milhões

Investimentos de pesquisa e desenvolvimento

Investimento de P&D para 2023: US $ 14,6 milhões

Área de foco em P&D	Valor do investimento
Inovação tecnológica sem fio	US $ 8,2 milhões
Desenvolvimento de Serviço Digital	US $ 4,7 milhões
Pesquisa de segurança cibernética	US $ 1,7 milhão

ATN International, Inc. (ATNI) - Modelo de negócios: fluxos de receita

Serviços de voz e dados móveis

Em 2023, os serviços móveis da ATN International geraram US $ 173,4 milhões em receita. A empresa opera redes móveis em vários mercados, incluindo Estados Unidos, Caribe e Ásia.

Mercado	Receita móvel ($ M)	Base de assinante
Estados Unidos	68.2	215,000
Caribe	52.6	180,000
Ásia	52.6	145,000

Serviços de telecomunicações por atacado

Os serviços atacadistas contribuíram com US $ 47,3 milhões para a receita da empresa em 2023, representando transações de telecomunicações de transportadora a transportadora.

• Tráfego de voz por atacado: US $ 23,1 milhões
• Serviços de dados por atacado: US $ 24,2 milhões

Soluções de comunicação corporativa

A Enterprise Solutions gerou US $ 62,5 milhões em receita durante 2023, com foco na infraestrutura de comunicação comercial.

Tipo de solução	Receita ($ m)
Comunicações em nuvem	24.3
Gerenciamento de rede	18.7
Serviços de segurança	19.5

Taxas internacionais de roaming

O roaming internacional gerou US $ 15,6 milhões em receita para 2023.

• Volume de roaming: 3,2 milhões de sessões de usuário
• Receita média por sessão de roaming: US $ 4,87

Contratos de Leasing e Compartilhamento de Infraestrutura

A receita de infraestrutura totalizou US $ 28,4 milhões em 2023 através da locação de infraestrutura de torre e rede.

Tipo de infraestrutura	Receita ($ m)	Unidades arrendadas
Torres de celular	16.2	287
Equipamento de rede	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.