About ATN International

ATN International, Inc. provides digital infrastructure and communications services in the United States and internationally, including in the Caribbean region, with a focus on smaller markets, many of which are rural or remote, with a growing demand for infrastructure investments, Through its operating subsidiaries, the company primarily provides carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities; and fixed and mobile telecommunications connectivity to residential, business and government customers, including a range of high-speed internet and data services, fixed and mobile wireless solutions, and video and voice services. The company has developed significant operational expertise and resources that it uses to augment the capabilities of its individual operating subsidiaries in its local markets. The company has built a platform of resources and expertise to support its operating subsidiaries and to improve their quality of service with greater economies of scale and expertise than would typically be available at the operating subsidiary level. The company provides management, technical, financial, regulatory, and marketing services to its operating subsidiaries and typically receive a management fee calculated as a percentage of their revenues, which is eliminated in consolidation. The company also actively evaluates potential acquisitions, investment opportunities and other strategic transactions, both domestic and international, and generally look for those that fit its profile of telecommunications businesses and has the potential to complement its glass and steel and first to fiber approach in markets while generating steady excess cash flows over extended periods of time. As of December 31, 2022, the company offered the following types of services to its customers: Mobility Telecommunications Services: The company offers mobile communications services over its wireless networks and related equipment (such as handsets) to both its business and consumer customers. Fixed Telecommunications Services: The company provides fixed data and voice telecommunications services to business and consumer customers. These services include consumer broadband and high speed data solutions for businesses. For some markets, fixed services also include video services and revenue derived from support under certain government programs. Carrier Telecommunication Services: The company delivers services to other telecommunications providers, such as the leasing of critical network infrastructure, such as tower and transport facilities, wholesale roaming, site maintenance and international long-distance services. Managed Services: The company provides information technology services, such as network, application, infrastructure and hosting services to both its business and consumer customers to complement its fixed services in its existing markets. Through December 31, 2022, the company had identified two operating segments to manage and review its operations and to facilitate investor presentations of its results. These operating segments are as follows: International Telecom: In its international markets, the company offers fixed services, mobility services, carrier services and managed services to customers in Bermuda, the Cayman Islands, Guyana and the US Virgin Islands. US Telecom: In the United States, the company offers fixed services, carrier services, and managed services to business customers and consumers in Alaska and the western United States. As of December 31, 2022, the comopany provided mobility services to retail customers in the western United States. In the first quarter of 2022, the comopany discontinued providing private network services in this segment. International Telecom: This segment offers mobility services; fixed services; carrier services; and managed services. Tradenames include One, Logic, GTT, Viya, and Fireminds. US Telecom: This segment offers mobility services; fixed services; carrier services; and managed services. Tradenames include Choice, Choice NTUA Wireless, Alaska Communications, Commnet, Essextel, Sacred Wind Communications, and Ethos. Strategy The company seeks to empower the local communities with the services they need to access healthcare, education, and economic opportunities by providing reliable, high speed broadband access through fiber or fiber-like services to business, consumer, and carrier customers. The company’s strategy is to be a leading provider of critical network and digital infrastructure services in its current operating region, focusing in particular on historically underbuilt or poorly served areas and segments. The company utilizes a first to fiber smart build strategy targeting underbuilt parts of its operating area and adjacencies to close the digital divide in its rural or remote markets. The company operates its communications businesses primarily in smaller, often remote or rural, historically under-served markets where it will be, one of the leading providers of communications services. The company’s businesses typically have strong local brand identities that help them become leaders in the markets they serve. International Telecom segment Communications Services The company’s International Telecom segment generates mobility services, fixed services, carrier services, and managed services revenues in Bermuda, the Cayman Islands, Guyana and the US Virgin Islands. Fixed Services High-Speed Data and Related Services: The company offers high-speed broadband services to both residential and business customers in all its International Telecom markets. The company provides a number of broadband internet plans with varying speeds to address different customer needs and price requirements in its various markets. As of December 31, 2022, the company had approximately 148,300 broadband customers across its international markets and approximately 74% of those customers had access to high speed services. Voice Services: The company offers fixed voice services that include local exchange, regional and long distance calling and voice messaging services in Bermuda, Guyana, and the US Virgin Islands. As of December 31, 2022, the company had an aggregate of approximately 168,000 access lines in service in its markets, which serve both residential and business subscribers. With respect to its international long-distance business, the company also collect payments from foreign carriers for handling international long-distance calls originating from the foreign carriers’ countries and terminating on its network. The company also make payments to foreign carriers for international calls originating on one of its networks and terminating in the foreign carrier’s countries and collect from its subscribers or a local originating carrier a rate that is market-based or set by regulatory tariff. Video Services: The company offers video services in Bermuda, the Cayman Islands, and the US Virgin Islands. As of December 31, 2022, the company had approximately 32,000 video customers across its markets. The company has several offerings available to its video customers, including basic and tiered local and cable TV channels grouped into various content categories, such as news, sports and entertainment. Network: The company offers its fixed services over its fiber-optic, copper and coaxial cable networks in its international markets. All fixed access lines in the company’s network are digitally switched from its switching centers in the US Virgin Islands, Bermuda and Guyana. The company’s switching centers provide dedicated monitoring of its network to ensure quality and reliable service to its customers. In Bermuda and the US Virgin Islands, the company delivers its services via a hybrid fiber coaxial (HFC) cable network and via fiber-optic network. In the Cayman Islands and Guyana, the company provides fixed services via fiber-optic network, DSL and FWA. These networks give the company expanded Internet access coverage within its International Telecom segment. Following hurricanes Irma and Maria in 2017, service to its customers over the HFC network was impacted due to both the loss of power and damage to its network. The company has completed remediation efforts to its network, such as building tower structures to 160 MPH ratings and adding underground and alternate routes wherever possible. The company’s international voice and data networks link with the rest of the world principally through its ownership and investments in six undersea fiber-optic cables in the Caribbean and Atlantic regions. These cables are crucial arteries that supply access to communications services for islands and remote markets like the ones in which the company operates. For example, in Guyana the company co-owns with Telesur, the government-owned telecommunications provider in Suriname, the Suriname-Guyana Submarine Cable System. In Bermuda, the company owns the Challenger Bermuda cable that provides the company with capacity from Bermuda to the United States. Sales and Marketing: The company provides fixed services, fixed account management and fixed Wi-Fi connectivity devices through six main distribution channels: digital, company owned and operated retail/pop-up retail, authorized dealers and agents, direct sales, inside sales and tele sales. Business and residential customers are able to purchase any of the company’s stand alone or bundled data, managed services, security services, and voice services, POTs, Fiber Data, Digital Subscriber Line (DSL) Data, or Fixed Wireless Data thorough any of the above channels. Customers post-pay for fixed services on a monthly basis. Customers are also able to purchase devices, such as modems, routers, home security systems and accessories to enhance their services through these same channels. The company bundles data connectivity devices and add-on accessories similar to what is available in most other countries. The company’s sales channels are strategically located throughout its service areas manned by trained, branded, and supported sales and service representatives. Competition: The company competes with a limited number of other providers, including Digicel and Liberty Latin America in select markets, with respect to various services. Mobility The company provides mobile, data, and voice services to retail and business customers in Bermuda under the One brand name, in Guyana under the GTT brand name and in the US Virgin Islands under the Viya brand name. The company also provides roaming services for many of the largest US providers’ customers visiting these locations. As of December 31, 2022, the company had approximately 378,000 mobile subscribers in its International Telecom segment and over 85% of those subscribers were on prepaid plans. Products and Services. A significant majority of its customers in the company’s International Telecom segment subscribe to one of its prepaid plans, which require customers to purchase an amount of voice minutes, text messages or data prior to use. A smaller minority of customers subscribe to the company’s postpaid plans that allow customers to select a plan with voice minutes, text messaging, a given amount of data and other features that recur on a monthly basis, which services are billed at the end of the service period. Network and Operations: The company offers its mobility services over its 3G (WDCMA) 4G (LTE) wireless network in Bermuda and the U.S. Virgin Islands. In Guyana the comopany offers its mobility services over its 2G (GSM), 3G (WCDMA) and 4G (LTE) wireless network. As of December 2022, the comopany owned and operated a total of 1,024 base stations on 454 owned and leased sites in the international markets. All of its mobile networks have their core supporting facilities in the home network in the US Virgin Islands, Bermuda and Guyana. The company’s local NOCs provide dedicated monitoring of its network to ensure quality and reliable service to its customers and during off hours, weekends and holidays its NOC in the mainland USA provides extended support to ensure it has 24-hour, year-round monitoring of all its wireless and wireline markets. The transport networks in all the markets are primarily fiber based with route diversity provided by the deployment of fiber rings where possible and supplemental microwave deployments. The vast majority of the networks are IP Based utilizing MPLS for redundancy to provide high availability networks. Standby power is provided by back up battery and generators. In the US Virgin Islands where the company has experienced extreme hurricane events, network hardening has been added to the network such as building tower structures to 160 MPH ratings and adding underground and alternate routes wherever possible. Sales and Marketing: The company provides services, mobile connectivity devices and account management through six main distribution channels: digital, Company owned retail/pop-up retail, authorized dealers/agents, direct sales, inside sales and telesales. Business and residential customers are able to purchase any of the company’s services, Prepaid Mobile, Postpaid Mobile, and Mobile Data, through any of the above channels. Customers are also able to purchase devices, and accessories to enhance their services through these same channels. The company offers a full suite of mobile devices and add on accessories similar to what is available in most other countries in the world. The company’s sales channels are strategically located throughout its service areas manned by trained, branded, and supported sales and service representatives. Handsets and Accessories: The company offers a diverse line of wireless devices and accessories designed to meet both the personal and professional needs of its customers. The company’s device assortment includes a wide range of smartphones, including those featuring the Android and iOS operating systems in addition to a full line of feature phones, wireless hot spots and various wireless solutions for small businesses. To complement its phone offerings, the company sells a complete range of original equipment manufacturer and after-market accessories that allow its customers to personalize their wireless experience, including phone protection, battery charging solutions and Bluetooth hands-free kits. Competition: The company competes against Digicel and Liberty Latin America in the Caribbean region, other smaller local providers, and in some markets, against one or more US national operators. US Telecom segment Communication Services The company’s US Telecom segment generates fixed services, carrier services, mobility services, and managed services revenues in Alaska and parts of the western United States. In July 2021, the company completed the acquisition of Alaska Communications Systems Group, Inc. (Alaska Communications), an Alaska based entity that provides fixed services, carrier services and managed services to primarily carrier and business customers in the state of Alaska and beyond using its statewide and interstate telecommunications network. At the same time, the company entered into an agreement with affiliates and investment funds managed by Freedom 3 Capital, LLC, as well as other institutional investors (collectively the Freedom 3 Investors) to fund the Alaska Transaction. As a result of the Alaska Transaction, the company owns approximately 52% of the common equity of Alaska Communications and control its operations and management. Beginning on July 22, 2021, the results of the Alaska Transaction are included in the company’s US Telecom segment. In November 2022, the company acquired all of the issued and outstanding stock of Sacred Wind Enterprises, Inc. (Sacred Wind), a rural telecommunications provider in New Mexico (the Sacred Wind Transaction). As part of the Sacred Wind Transaction, the company paid a combination of cash and equity for Sacred Wind, resulting in the Sacred Wind Stockholders becoming minority owners in the combined Commnet and Sacred Wind businesses. Beginning on November 7, 2022, the results of the Sacred Wind Transaction are included in the company’s US Telecom segment. Carrier Services Carrier Services: In Alaska, the company provides wholesale voice and internet connectivity to carrier customers. In the western United States, the company provides wholesale mobile voice and data roaming services in rural markets and wholesale transport services on a smaller scale to national, regional, local and selected international wireless carriers as part of its carrier services, as well as tower rental, backhaul and maintenance services. The company’s largest wholesale networks are located principally in the western United States. In Alaska, the company provides connectivity to its wholesale customers, either through direct sales of wholesale transport over its terrestrial or subsea networks or by entering into transactions whereby it agrees to build, host or maintain networks on behalf of another carrier over a contracted term. The company has roaming agreements with each of the three US national wireless network carriers (AT&T, T-Mobile, and Verizon Wireless) along with several other wireless service providers. Other than these agreements with the national carriers, the company’s standard roaming agreements are usually terminable within 90 days. While it continues to provide services pursuant to these roaming agreements, due to demand from its carrier customers, the company has shifted its business focus away from traditional roaming and toward a network infrastructure model of carrier services. In 2022, the three national mobile service providers together accounted for 65% of the company’s carrier services revenues, with AT&T and Verizon accounting for an aggregate of approximately 12% of its total consolidated Communication Services revenue for the year. In the western United States, the company is increasingly providing network infrastructure services as part of its expanded carrier services, such as tower leasing and transport facilities to its carrier partners, to supplement its historic revenue base. In July 2019, the company agreed to build a portion of AT&T’s network for the First Responder Network Authority (FirstNet), as well as a commercial wireless network in or near its current operating area in the western United States pursuant to a Network Build and Maintenance Agreement with AT&T (the FirstNet Transaction). Following the acceptance of a cell site pursuant to the FirstNet Agreement, AT&T owns the radio equipment constructed on the cell site and the company assigns to AT&T any third-party tower lease applicable to such cell site. If the cell site is located on a communications tower it owns, AT&T pays it pursuant to a separate lease agreement for an initial term of eight years. In addition to building the network, the company is providing ongoing equipment and site maintenance and high-capacity transport from these cell sites to AT&T’s core network for an initial term ending in 2029. Sales and Marketing: The company’s wholesale transport customers are predominately communications carriers, such as local exchange carriers, wireless carriers, internet service providers and interstate integrated providers. The company’s ability to deliver reliable, high capacity backhaul across multiple provider footprints, both from licensed fixed wireless microwave and fiber access solutions, creates value for its customers who are typically unable to scale their rural access capacities as rapidly and successfully as they can in less remote markets. The company is investing in the expansion of its regional fiber and network asset footprint, and in enhanced network reliability and route diversity, in the expectation that its carrier customers will have greater demand for higher capacity, higher reliability and lower latency backhaul to support their own investments in 5G network deployments. Mobility Services Mobility Services: The company also offers mobile services to retail customers in certain rural markets already covered by its wholesale networks in the Southwestern United States. As of December 31, 2022, the company owned and operated a total of 319 towers and 293 fiber connected towers, a Network Operations Center (or NOC), and a switching center. In July 2022, the comopany was approved to participate in the Federal Communication Commission’s Secure and Trusted Communications Networks Reimbursement Program (the Replace and Remove Program), designed to reimburse providers of communications services for reasonable costs incurred in the required removal, replacement, and disposal of covered communications equipment that have been deemed to pose a national security risk. The Replace and Remove Program requires the company to complete its first request for reimbursement for services performed under the program no later than July 14, 2023. Network and Operations: The company’s roaming network has historically offered mobile communications service through a digital wireless voice and data network that utilizes multiple cellular mobile technologies, including UMTS/HSPA, CDMA/EvDO and LTE that often will be deployed at a single cell site location to maximize revenue opportunities. As it undertakes its Replace and Remove build, the company will no longer provide UMTS/HSPA or CDMA/EvDO services and will transition away from providing roaming services to a network infrastructure-based services framework whereby it provides tower lease space, the use of carrier equipment and backhaul in lieu of roaming to support carrier services. The company provides wireless communications network products and services with owned and leased cellular, PCS, BRS, EBS, AWS, and Citizens Broadband Radio Services (CBRS) spectrum. The company’s networks comprise base stations and radio transceivers located on owned or leased towers and buildings, telecommunications switches and owned or leased transport facilities. The company designs and constructs its network in a manner intended to provide high-quality service to substantially all types of compatible wireless devices. Network reliability is carefully considered and redundancy is employed in many aspects of its network design. The company operates high-capacity, carrier-class digital wireless switching systems that are capable of serving multiple markets through a single mobile telephone switching office. Centralized equipment used for network and data management is located in high-availability facilities supported by multiple levels of power and network redundancy. The company’s systems are designed to incorporate Internet Protocol (IP) packet-based Ethernet technology, which allows for increased data capacity and a more efficient network. Interconnection between the mobile telephone switching office and the cell sites utilizes Ethernet technology over fiber or microwave links for virtually all of its sites. Fixed Services Services: In Alaska, the company provides fiber broadband and managed IT services, offering technology and service enabled customer solutions to business and wholesale customers in and out of Alaska. The company also provides telecommunication services to consumers in the most populated communities throughout the state. The company’s facilities-based communications network connects to the contiguous states via its two diverse undersea fiber optic cable systems. The company provides high-capacity data networking, internet connectivity, voice communications and IT Services. Networking services include Ethernet and IP routed services, as well as switched and dedicated voice services. In addition, the company offers other value-added services, such as network hosting, managed IT services and long-distance services. The company’s is among the most expansive in Alaska and forms the foundation of service to its customers. The company operates in a largely two-player terrestrial wireline market and its customers are primarily business customers. In the western United States, the company provides fixed services to business customersm, such as schools, libraries, mine operators and state and local governments, as well as residential customers. As of December 31, 2022, the company passed roughly 442,000 premises with broadband connectivity of some kind in its U.S. Telecom segment. Network: In Alaska, the company provides communications and IT solutions that connect Alaskans, as well as customers in the continental United States, to the world. This is based on an extensive facilities-based wireline telecommunications network in Alaska that the company operates. The company continuously upgrades its network to provide higher levels of performance, higher bandwidth speeds, increased levels of security and additional value-added services to its customers. The company operates significant terrestrial and submarine fiber miles which serve as the backbone of its network, as well as serving over 1,000 buildings with fiber. The company’s networks are monitored for performance around the clock in redundant monitoring centers to provide a high level of reliability and performance. The company’s network is extensive within Alaska’s urban areas and connects its largest markets, including Anchorage, Fairbanks and Juneau with each other and the contiguous states as well as many rural areas. Residential broadband customers are served in Alaska with copper-based DSL internet access, and in 2022 the company began deploying fiber-to-the-home broadband service to certain markets. Beginning in the summer of 2022, the company began offering to deliver fiber-optic network connectivity directly to select homes and businesses in Anchorage, Fairbanks and select smaller markets. As of December 31, 2022, the company advanced its initial pilot program by passing over homes with this next generation broadband technology and the company intends to continue to expand its fiber to the home build. The company continues to utilize fixed wireless technology over spectrum to reach even more customers, and the company expanded its Multi-Dwelling Unit (MDU) offering utilizing fiber or fixed wireless backhaul. The company owns and operates two undersea fiber optic cable systems that provide diverse routing from its Alaskan network to its facilities in Oregon and Washington. These facilities provide survivable service to and from Alaska, with key monitoring and disaster recovery capabilities for its customers. The company also has usage rights on a third undersea fiber network connecting Alaska to the continental United States. The company’s network in Oregon and Washington includes terrestrial transport components linking its landing stations to a Network Operations Control Center in Hillsboro, Oregon and collocation facilities in Portland, Oregon and Seattle, Washington. In addition, AKORN, one of its undersea fiber optic cable systems, connects its Alaska network from Homer, Alaska to its facilities in Florence, Oregon along a diverse path within Alaska, the Pacific Northwest and undersea in the Pacific Ocean. Northstar, its other undersea fiber optic system, has cable landing facilities in Whittier, Juneau, and Valdez, Alaska, and Nedonna Beach, Oregon. In 2020, the company completed major network upgrades to the Northstar fiber line, increasing capacity by more than five times. Together, its subsea fiber optic cables systems, AKORN and Northstar, provide extensive bandwidth, as well as survivability protection designed to serve its own, as well as its most demanding customers’ critical communications requirements. Through its landing stations in Oregon, the company also provides an at-the-ready landing point for other large fiber optic cables, and their operators, connecting the U.S. to networks in Asia and other parts of the world. The company’s terrestrial fiber network on the North Slope of Alaska allows the company to provide broadband solutions to the oil and gas sector and to advance its sales of managed IT services. Rural healthcare, education and business customers are served by a satellite earth station network utilizing a combination of GEO and LEO satellite capacity. These satellite services are used to provide Internet and WAN backhaul connectivity to its customers. The company has deployed, and are working to deploy more, carrier-grade fiber optic networks strategically throughout the western United States to continue to serve governmental, educational, healthcare, business, consumer and tribal customers in Arizona, Nevada, New Mexico and Utah. Competition: For traditional voice and broadband services, the company competes with GCI and AT&T on a statewide basis, and smaller providers such as Matanuska Telephone Association, Inc., a co-op owned telephone and internet service provider operating in the Matanuska Valley region of Alaska, on a more local basis. In the western United States, the company experiences competitive pressures from ILEC providers, such as AT&T, Lumen and Frontier along with their channel partners. ATN Ventures and Minority Investments In addition to its core telecommunications operating companies, the company has also made investments in earlier stage businesses, some of which are noncontrolling investments whose technology-forward approach the company considers strategically relevant and can also provide a variety of benefits that enhance the potential to expand its more mature businesses. Regulation The company’s wireless and wireline telecommunications and video services operations are subject to extensive governmental regulation in each of the jurisdictions in which it provides services. The company’s wireless and wireline operations and its video services operations in the United States and the US Virgin Islands are governed by the Communications Act of 1934, as amended, including via the Telecommunications Act of 1996 (Communications Act); the implementing regulations adopted thereunder by the Federal Communications Commission (FCC); judicial and regulatory decisions interpreting and implementing the Communications Act; and other federal, state, and local statutes and regulations. At the federal level, the company is regulated in large part by the FCC. The company provides its wireless services pursuant to various commercial mobile radio services (CMRS) licenses issued by the FCC. In addition to CMRS licenses, the company’s wireless business relies on common carrier and non-common carrier fixed point-to-point microwave licenses issued by the FCC. Most of its license grants are for a period of 10 years and are renewable upon application to the FCC. To its knowledge, the company comply in all material respects with applicable FCC technical and reporting requirements. The radio systems towers that the company owns and leases are subject to Federal Aviation Administration and FCC regulations that govern the location, marking, lighting, and construction of towers and are subject to the requirements of the National Environmental Policy Act, National Historic Preservation Act, and other environmental statutes enforced by the FCC. The company is obligated to pay certain annual regulatory fees and assessments to support FCC wireless industry regulation, as well as fees supporting federal universal service programs, number portability, regional database costs, centralized telephone numbering administration, telecommunications relay service for the hearing impaired and application filing fees. The company complies in all material respects with applicable FCC regulatory fee and assessment requirements. The FCC generally exercises jurisdiction over the interstate and international telecommunications services that the company provides as a regulated common carrier in Alaska and the US Virgin Islands. The Communications Act and regulations promulgated thereunder require, among other things, that the company offers regulated interstate telecommunications common carrier services at just, reasonable, and non-discriminatory rates and terms. The Communications Act also requires the company to offer competing carriers interconnection and non-discriminatory access to certain facilities and services designated as essential for local competition. The company is subject to competitive market forces, as well as rate-of-return regulation for intrastate services that originate and terminate in Alaska and the US Virgin Islands and price-cap rate regulation for interstate services in Alaska and the US Virgin Islands regulated by the FCC. The FCC regulates the prices that the company charges for the use of its local telephone facilities in originating or terminating interstate calls. The company is subject to federal regulations relating to privacy and data security that impact all parts of its business. Certain federal statutory and regulatory privacy and data security requirements apply to its telecommunications and cable services. Other parts of its business are subject to privacy and data security oversight by other federal regulators, including the Federal Trade Commission. In addition, federal and state regulators have adopted or are considering adopting new privacy laws. The company is unable to predict the outcome or eventual impact of the D.C. Circuit’s review of the FCC’s Order, or the FCC’s decision on its Petition for Reconsideration or its Application for Review, but the January 2021 waiver offers a measure of short-term stability for the Telecommunications Program while those reviews continue. The company has provided telecommunications services, broadband Internet access services, and internal connections supported by the FCC’s Schools and Libraries Universal Service Support Mechanism (E-rate) for many years. The company complies with applicable E-Rate requirements. The company also received a Letter of Inquiry in March 2018 from the FCC Enforcement Bureau requesting historical information regarding its participation in the FCC’s Rural Health Care program. On November 5, 2019 and January 22, 2021 Alaska Communications received additional letters from the FCC Enforcement Bureau requesting additional information, to which it responded. Video services systems are regulated by the FCC under the Communications Act. The company provides video services in the US Virgin Islands. The FCC regulates its programming selection through local broadcast TV station mandatory carriage obligations, constraints on its retransmission consent negotiations with local broadcast TV stations, and limited regulation of its carriage negotiations with cable programming networks. The company complies in all material respects with applicable FCC video services requirements. The company’s wireline (i.e., voice, broadband internet, and cable video) operations in the US Virgin Islands are subject to the US Virgin Islands Public Utilities Code, pursuant to which the Virgin Islands Public Service Commission (PSC) regulates certain telecommunications and cable TV services that Viya provides in the US Virgin Islands. The company’s subsidiaries provide cable TV service in the US Virgin Islands pursuant to two franchises granted by the PSC. Each franchise was renewed in July 2015 by an order issued by the PSC, but the PSC has not yet issued new franchise agreements memorializing these renewals. The company’s video, internet, and wireless companies in the US Virgin Islands also receive tax benefits as qualifying participants in the US Virgin Islands’ Research & Technology Park (RTPark) program. The company’s subsidiary, GTT Inc. (GTT), in which it holds an 80% interest, is subject to regulation in Guyana under the provisions of GTT’s License from the Government of Guyana, the Guyana Public Utilities Commission Act of 2016 as amended (PUC Law) and the Guyana Telecommunications Act of 2016 (Telecommunications Law). The Utility Regulation and Competition Office of the Cayman Islands (OfReg) is the primary regulator of the company’s operations in the Cayman Islands. The relevant legislation is the Information & Communications Technology Act (2019 Revision). Pursuant to this statute, OfReg is responsible for the regulation and licensing of telecommunications, broadcasting and all forms of radio in the Cayman Islands, including the broadband and television services the company offers. History The company was founded in 1987. It was incorporated in Delaware in 1987. The company was formerly known as Atlantic Tele-Network, Inc. and changed its name to ATN International, Inc. in 2016.