Print
Email
Atlantic TeleNetwork Inc. (ATNI) filed Quarterly Report for the period ended 2011-09-30.
Atlantic Telenetwork Inc. has a market cap of $652.8 million; its shares were traded at around $42.39 with a P/E ratio of 36.2 and P/S ratio of 1. The dividend yield of Atlantic Telenetwork Inc. stocks is 2.2%. Atlantic Telenetwork Inc. had an annual average earning growth of 16% over the past 10 years. GuruFocus rated Atlantic Telenetwork Inc. the business predictability rank of 3-star.
This is the annual revenues and earnings per share of ATNI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ATNI.
Highlight of Business Operations:
The retail portion of our U.S. Wireless revenue was $89.1 million for the three months ended September 30, 2011, as compared to $108.8 million for the three months ended September 30, 2010, a decrease of $19.7 million, or 18%. The decrease in retail U.S. Wireless revenues was primarily the result of a decline in subscribers as discussed below. Such revenues were also negatively impacted by approximately $2.3 million related to the decision to temporarily forego the billing of certain items, primarily usage and ancillary fees, following the Alltel system conversion. These decreases were partially offset by approximately $1.8 million in revenues received from the Universal Service Fund relating to a previous period. In late July 2011, we completed the Alltel Transition. As a result, we are now able to better optimize our service offerings which we expect will enable us to drive improved gross subscriber additions, further control churn and optimize our service offerings. These subscriber-related functions had been somewhat constrained during the transition period and contributed to a continued decline in our U.S. retail wireless revenue.International Wireless revenue increased by $6.6 million, or 47%, to $20.5 million for the three months ended September 30, 2011, from $13.9 million for the three months ended September 30, 2010. Of this increase, $6.2 million occurred in our Island Wireless segment which benefitted from the completion of the CellOne Merger on May 2, 2011.
In Guyana, international long distance revenue remained consistent while data revenue growth in Guyana and a growing U.S. wholesale transport revenue resulted in a $0.9 million, or 4%, increase in wireline revenue to $21.7 million for the three months ended September 30, 2011 from $20.8 million for the three months ended September 30, 2010. Although the number of access lines in Guyana increased by 1%, from approximately 149,000 lines as of September 30, 2010 to approximately 151,000 lines as of September 30, 2011, we experienced lowered average usage per line during the third quarter of 2011 which we believe is attributable to the current difficult global economic environment.
Termination and access fees decreased by $3.9 million, or 7%, from $53.0 million for the three months ended September 30, 2010 to $49.1 million for the three months ended September 30, 2011. Such decrease is the result of a decrease in customer bad debt expense in the U.S. Wireless segment due to improved credit policies and a one-time credit of $1.6 million for certain USF expenses relating to a previous period. This decrease is partially offset by an increase in data usage costs. Termination and access fees are expected to increase in future periods with expected growth in volume, but remain fairly proportionate to their related revenue as our networks expand.
Wireline revenue. Wireline revenue decreased by $1.3 million to $63.3 million for the nine months ended September 30, 2011 from $64.6 million for the nine months ended September 30, 2010. In Guyana, a $3.1 million decrease in international long distance revenue was partially offset by data revenue growth. Although the number of access lines in Guyana increased by 1%, from approximately 149,000 lines as of September 30, 2010 to approximately 151,000 lines as of September 30, 2011, we experienced lowered average usage per line in the nine months ended September 30, 2011. Wireline revenue in the U.S. remained relatively consistent compared with the previous year.
Subscribe RSS
