EX-99.1
2
a16-10494_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
CONTACT
:
Atlantic Tele-Network, Inc.
May 4, 2016
Michael T. Prior
Chief Executive Officer
978-619-1300
Justin D. Benincasa
Chief Financial Officer
978-619-1300
ATN Announces Completion of KeyTech Transaction
BEVERLY, MA
, May 4, 2016 - ATN (NASDAQ:ATNI) today announced that it has completed its acquisition of a controlling interest in Bermuda telecommunications company KeyTech Limited (BSX:KEY.BH). The transaction combines Bermuda Digital Communications, a leading mobile provider in Bermuda doing business under the "CellOne" name, in the same corporate structure with KeyTech, a Bermuda company that provides voice, broadband, and cable television services under the "Logic" name in Bermuda and the Cayman Islands. ATN will consolidate the results of KeyTech's operations in its "International Telecom" segment.
About ATN
Atlantic Tele-Network, Inc. (Nasdaq:ATNI), headquartered in Beverly, Massachusetts, provides telecommunications services to rural, niche and other under-served markets and geographies in the United States, Bermuda and the Caribbean and owns and operates solar power systems in select locations in the United States. Through our operating subsidiaries, we (i) provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services, (ii) provide distributed solar electric power to corporate, utility and municipal customers and (iii) are the owner and operator of terrestrial and submarine fiber optic transport systems. For more information, please visit www.atni.com.
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EX - 99 . 1 2 a16 - 10494 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT : Atlantic Tele - Network , Inc . May 4 , 2016 Michael T. Prior Chief Executive Officer 978 - 619 - 1300 Justin D . Benincasa Chief Financial Officer 978 - 619 - 1300 ATN Announces Completion of KeyTech Transaction BEVERLY , MA , May 4 , 2016 - ATN ( NASDAQ : ATNI ) today announced that it has completed its acquisition of a controlling interest in Bermuda telecommunications company KeyTech Limited ( BSX : KEY . BH ) . The transaction combines Bermuda Digital Communications , a leading mobile provider in Bermuda doing business under the " CellOne " name , in the same corporate structure with KeyTech , a Bermuda company that provides voice , broadband , and cable television services under the " Logic " name in Bermuda and the Cayman Islands . ATN will consolidate the results of KeyTech 's operations in its " International Telecom " segment . About ATN Atlantic Tele - Network , Inc . ( Nasdaq : ATNI ) , headquartered in Beverly , Massachusetts , provides telecommunications services to rural , niche and other under - served markets and geographies in the United States , Bermuda and the Caribbean and owns and operates solar power systems in select locations in the United States . Through our operating subsidiaries , we ( i ) provide both wireless and wireline connectivity to residential and business customers , including a range of mobile wireless solutions , local exchange services and broadband internet services , ( ii ) provide distributed solar electric power to corporate , utility and municipal customers and ( iii ) are the owner and operator of terrestrial and submarine fiber optic transport systems . For more information , please visit www.atni.com . * * * *