ATN International announced on February 11, 2026 that it has entered into a Purchase and Sale Agreement with Everest Infrastructure Partners to divest its 214‑tower portfolio in the Southwestern United States. The transaction is valued at up to $297 million, with gross proceeds expected to be approximately $250–$270 million after taxes, minority‑interest payments and transaction costs.
The deal will close in stages, with the first closing scheduled for the second quarter of 2026 and subsequent closings over the following year, each contingent on construction and operational milestones.
ATN plans to use about $70 million of the proceeds to repay debt under its CoBank revolving credit facility. The remaining funds will be allocated to existing operations and future growth initiatives, strengthening the company’s balance sheet, reducing leverage, and allowing the firm to focus capital on its fiber‑centric strategy and high‑margin carrier and enterprise services.
The sale will reduce ATN’s consolidated and U.S. Telecom segment revenue, operating income, and EBITDA by approximately $5–$7 million, $4–$6 million, and $10–$13 million, respectively, on an annualized basis after completion. The tower portfolio had generated modest revenue and was considered a non‑core asset, so its divestiture is expected to streamline operations and improve profitability metrics.
CEO Brad Martin said, “This transaction allows us to unlock the inherent value of our tower portfolio—an asset built through years of disciplined capital allocation and operational excellence. Our strategic objective remains unchanged: to build a stronger, more efficient, and resilient ATN that delivers sustainable, long‑term value for our shareholders. We plan to use the proceeds to reduce debt, invest in our existing operations, and advance select growth opportunities.”
Investors reacted positively to the announcement, citing the liquidity generated, the debt‑repayment plan, and the company’s renewed focus on high‑margin fiber services.
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