[May 08, 2013] Atlantic Tele-Network Q1 net income down Tweet May 08, 2013 (Datamonitor via COMTEX) -- Atlantic Tele-Network, Inc., a provider of telecommunications services, has reported that net income attributable to the company stockholders for the first quarter ended March 31, 2013 was $8.78 million, or $0.56 per share, compared to $9.32 million, or $0.60 per share, for the same quarter ended March 31, 2012. Total revenue for the first quarter ended March 31, 2013 was $172.87 million, compared to $183.09 million for the same quarter ended March 31, 2012. Operating income for the first quarter ended March 31, 2013 was $17.77 million, compared to $18.13 million for the same quarter ended March 31, 2012. Total assets as of March 31, 2013 were $908.19 million, compared to $910.87 million as of December 31, 2012. Michael Prior, Atlantic Tele-Network's CEO, said: "First quarter results were mixed. On the positive side, we maintained stable operating income and EBITDA margins, and our Adjusted EBITDA margin was 25%. Our international wireless business continued to perform well, with solid revenue and operating income improvements achieved across our Island Wireless properties. Also, we experienced consistent year-over-year performance from our legacy wholesale business, following the Midwest US spectrum sale which closed at the end of 2012. "On the other hand, despite diligent efforts to grow our US retail subscriber base, including continued strength in the prepaid segment, revenues continued to be negatively affected by postpaid customer attrition, and we began to see declines in our wholesale revenue within the Alltel markets in the first quarter. We hope to be able to moderate the Alltel postpaid subscriber losses in coming quarters through an improved device lineup, which now includes the iPhone. In another positive development, the waiting period for the Alltel sale transaction under the Hart Scott Rodino Anti-trust Improvements Act has expired, and we anticipate closing in the second half of this year, pending receipt of all regulatory approvals." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]