Atlantic Tele-Network Inc (ATNI), which boasts numerous operations in both its native US and across the Caribbean, has reported consolidated revenues of USD741.4 million for the twelve months ended 31 December 2012, down 2% year-on-year. Adjusted EBITDA increased 23% to USD197.6 million, while operating income increased 80% to USD99.5 million for the year under review.
In operational terms, at the end of 2012 ATNI claimed 587,766 US retail subscribers, an increase of 1% from 579,716 one year earlier. Elsewhere, the company claimed approximately 333,000 international wireless subscribers, of which 88% were pre-paid. The top-line figure represents an annual increase of 3% from 322,000 subscribers at the end of 2011. ATNI’s international wireless division comprises: Choice Communications (based in the US Virgin Islands), Islandcom (Turks & Caicos) and CellOne (Bermuda).
CEO Michael Prior commented: ‘Increased operating profitability in both the quarter and full year 2012 was driven primarily by the elimination of duplicate expenses and other cost reduction initiatives in our US wireless business. Both revenue and profitability for the year were also positively impacted by improvements in several of our international wireless properties, particularly Bermuda and the US Virgin Islands’.