Massachusetts-based telecoms group Atlantic Tele-Network Inc (ATNI) has announced that it has changed the company name to ATN International (ATNI), reflecting its increasingly diversified business portfolio, both in terms of geographic reach and expansion into renewable energy services. ATN CEO Michael Prior commented: ‘Our business has expanded into new markets and services over the years, and it was clear that our name also needed to be more expansive. With distinct lines of business in communications and renewable energy, a continual and ever changing deployment of advanced technologies and services into multiple markets by ATN International, this was a small change that we felt was more reflective of our current breadth of businesses and more adaptable to change in the future.’
Although ATNI retains a handful of minor US networks, the bulk of its activities are now based overseas. Its subsidiaries include: Choice Communications (based in the US Virgin Islands [USVI]), GTT (Guyana), CellOne (Bermuda), KeyTech/Logic (Bermuda, Cayman Islands) and MIO (Aruba). ATN divested its Turks & Caicos (Islandcom) unit to Cable & Wireless Communications (CWC) in Q1 2015.
In October 2015 ATNI entered into an agreement to acquire Caribbean Assets Holdings, the holding company for the Innovative group, which provides cable TV, broadband and wireline services primarily in the USVI. Within a matter of days, ATNI agreed a second transaction, acquiring a controlling interest in Bermuda-based KeyTech as part of a proposed business combination of KeyTech’s Logic Communications subsidiary (which also owns Bermuda CableVision) with CellOne. KeyTech also operates Logic-branded broadband services in the Cayman Islands.