ATN International Hits 52-Week High on $297 Million Tower Sale

The transaction, executed through ATN’s Commnet Wireless subsidiary, is scheduled to begin its initial closing in the second quarter of 2026. This first phase is expected to generate between $250 million and $270 million, though $20 million to $35 million of that sum remains contingent on meeting specific post-closing conditions within the first year.

Transaction Structure and Outlook

ATN expects the full divestiture to conclude through subsequent closings over the 12 months following the initial deal, adding an estimated $27 million to $47 million to the total. However, the company cautioned that taxes, payments to minority investors, and transaction-related expenses will consume approximately 25% to 30% of the gross proceeds.

Once the portfolio sale is complete, the company projects a modest impact on its long-term top line. According to the official statement, annual revenue for ATN’s U.S. telecom segment is expected to decrease by $5 million to $7 million. Despite the projected revenue dip, investor sentiment remained bullish as shares reached $29.80 earlier in the session.