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ATN International ( (ATNI) ) has shared an announcement.
On February 11, 2026, subsidiaries of ATN International signed a purchase and sale agreement to divest approximately 214 Southwestern U.S. towers and related operations—representing most of Commnet’s tower portfolio—to an affiliate of Everest Infrastructure Partners for up to $297 million in cash. The deal will be structured through staged closings beginning in the second quarter of 2026, with assigned, managed and deferred sites transferring over time and accompanied by leaseback and preferred backhaul arrangements that let ATN continue using the infrastructure while Everest assumes ownership and management.
ATN expects gross proceeds of about $250 million to $270 million at the initial closing, with $20 million to $35 million tied to post-closing conditions, and a further $27 million to $47 million from subsequent closings over the following 12 months, while taxes, minority payments and transaction costs are projected at 25% to 30% of gross proceeds. The company plans to use a significant portion of the cash to reduce debt, including roughly $70 million to repay borrowings on its CoBank revolving credit facility, and estimates that, once fully completed, the sale will trim annual revenue by $5 million to $7 million and EBITDA by $10 million to $13 million, reflecting a strategic trade-off of tower income for balance sheet strength and investment capacity.
In connection with the transaction and leaseback, ATN secured a consent agreement on February 11, 2026, from CoBank and other lenders under its July 2023 credit agreement, allowing the sale to proceed and permitting net cash proceeds to be distributed to the company and minority shareholders, applied first to repay the Revolving A-1 Loan, and then used for working capital and general corporate purposes. The consent also provides for the release of liens on the tower assets being sold, removing a key financing constraint and underscoring lender support for ATN’s shift toward a lighter-asset model while Everest expands its U.S. tower footprint and capacity for future tenant growth in the Southwestern United States.
The most recent analyst rating on (ATNI) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on ATN International stock, see the ATNI Stock Forecast page.
Spark’s Take on ATNI Stock
According to Spark, TipRanks’ AI Analyst, ATNI is a Neutral.
The score is held back primarily by mixed financial performance (losses and leverage) despite stable cash flow trends. Offsetting this, the technical picture is strong with broad moving-average support and positive MACD, and the latest earnings call reinforced improving operations and disciplined guidance. Valuation is middling due to an attractive dividend but a negative P/E tied to losses.
To see Spark’s full report on ATNI stock, click here.
More about ATN International
ATN International, Inc., headquartered in Beverly, Mass., is a leading provider of digital infrastructure and communications services, operating in the United States and internationally with a focus on rural and remote markets that require new infrastructure investment. Through its subsidiaries, the company offers advanced wireless and wireline connectivity, including high-speed internet, fixed and mobile wireless, video and voice services, as well as carrier and enterprise solutions such as terrestrial and submarine fiber transport and communications tower facilities.
Everest Infrastructure Partners, based in Pittsburgh, Pa., is one of the largest and fastest-growing wireless tower companies globally and owns and markets thousands of wireless infrastructure locations that serve hundreds of network operator customers. Founded in 2015, Everest has raised more than $2.0 billion in capital commitments and focuses on mission-critical wireless infrastructure to support evolving communications networks.
Average Trading Volume: 54,035
Technical Sentiment Signal: Hold
Current Market Cap: $394.9M
For an in-depth examination of ATNI stock, go to TipRanks’ Overview page.