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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 09, 2012
Document and Entity Information
Entity Registrant Name	ATLANTIC TELE NETWORK INC /DE
Entity Central Index Key	0000879585
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,569,547
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 111,408	$ 48,735
Accounts receivable, net of allowances of $15.3 million and $14.2 million, respectively	77,237	71,159
Materials and supplies	23,307	20,802
Deferred income taxes	24,147	21,921
Income tax receivable		11,545
Prepayments and other current assets	13,590	9,738
Total current assets	249,689	183,900
Property, plant and equipment, net	447,426	483,203
Telecommunications licenses	88,482	87,468
Goodwill	45,077	45,077
Trade name license, net	12,653	13,013
Customer relationships, net	34,804	41,314
Other assets	28,368	19,756
Total assets	906,499	873,731
Current Liabilities:
Current portion of long-term debt	15,680	25,068
Accounts payable and accrued liabilities	49,988	57,262
Dividends payable	3,905	3,548
Accrued taxes	25,244	7,739
Advance payments and deposits	18,615	15,834
Other current liabilities	38,815	36,327
Total current liabilities	152,247	145,778
Deferred income taxes	90,911	88,906
Other liabilities	26,398	29,371
Long-term debt, excluding current portion	254,568	257,146
Total liabilities	524,124	521,201
Commitments and contingencies (Note 11)
Atlantic Tele-Network, Inc.'s Stockholders' Equity:
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.01 par value per share; 50,000,000 shares authorized; 15,955,886 and 16,079,494 shares issued, respectively, and 15,451,238 and 15,569,547 shares outstanding, respectively	160	160
Treasury stock, at cost; 504,648 and 509,947 shares, respectively	(5,144)	(4,942)
Additional paid-in capital	122,585	118,620
Retained earnings	215,094	190,327
Accumulated other comprehensive loss	(10,434)	(9,899)
Total Atlantic Tele-Network, Inc.'s stockholders' equity	322,261	294,266
Non-controlling interests	60,114	58,264
Total equity	382,375	352,530
Total liabilities and equity	$ 906,499	$ 873,731

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2012	Dec. 31, 2011
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 14.2	$ 15.3
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	16,079,494	15,955,886
Common stock, shares outstanding	15,569,547	15,451,238
Treasury stock, shares	509,947	504,648

CONDENSED CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUE:
Total revenue	$ 188,798	$ 194,346	$ 556,981	$ 576,253
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):
Termination and access fees	38,790	48,764	118,224	155,077
Engineering and operations	20,796	20,165	64,077	63,967
Sales and marketing	27,929	33,965	91,306	101,874
Equipment expense	23,408	14,379	65,747	54,447
General and administrative	22,195	25,014	67,102	81,405
Acquisition-related charges	2	98	7	664
Depreciation and amortization	26,048	26,712	79,654	76,903
Gain on disposition of long-lived assets		(2,397)		(2,397)
Total operating expenses	159,168	166,700	486,117	531,940
Income from operations	29,630	27,646	70,864	44,313
OTHER INCOME (EXPENSE):
Interest expense	(2,986)	(4,320)	(10,953)	(12,743)
Interest income	3	99	200	680
Equity in earnings of an unconsolidated affiliate	679	729	3,011	1,484
Other, net	199	255	(133)	854
Other income (expense), net	(2,105)	(3,237)	(7,875)	(9,725)
INCOME BEFORE INCOME TAXES	27,525	24,409	62,989	34,588
Income tax expense	9,513	11,193	24,273	16,074
NET INCOME	18,012	13,216	38,716	18,514
Net loss (income) attributable to non-controlling interests, net of tax of $0.6 million and $0.7 million for the three months ended September 30, 2011 and 2012, respectively, and $1.4 million and $1.8 million for the nine months ended September 30, 2011 and 2012, respectively.	(2,047)	(1,880)	(2,900)	(866)
NET INCOME ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS	$ 15,965	$ 11,336	$ 35,816	$ 17,648
NET INCOME PER WEIGHTED AVERAGE SHARE ATTRIBUTABLE TO ATLANTIC TELE-NETWORK, INC. STOCKHOLDERS
Basic (in dollars per share)	$ 1.03	$ 0.74	$ 2.31	$ 1.15
Diluted (in dollars per share)	$ 1.02	$ 0.73	$ 2.30	$ 1.14
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	15,560	15,401	15,517	15,393
Diluted (in shares)	15,651	15,489	15,605	15,490
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)	$ 0.25	$ 0.23	$ 0.71	$ 0.67
U.S. wireless, Retail
REVENUE:
Total revenue	$ 83,269	$ 89,143	$ 254,081	$ 284,221
U.S. wireless, Wholesale
REVENUE:
Total revenue	54,918	57,048	153,854	153,615
International wireless
REVENUE:
Total revenue	21,048	20,377	60,318	52,874
Wireline
REVENUE:
Total revenue	21,120	21,748	63,573	63,305
Equipment and other
REVENUE:
Total revenue	$ 8,443	$ 6,030	$ 25,155	$ 22,238

CONDENSED CONSOLIDATED INCOME STATEMENTS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
CONDENSED CONSOLIDATED INCOME STATEMENTS
Net loss (income) attributable to non-controlling interests, tax	$ 0.7	$ 0.6	$ 1.8	$ 1.4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Net income	$ 38,716	$ 18,514
Other comprehensive income:
Foreign currency translation adjustment		13
Unrealized (loss) gain on interest rate swap, net of tax benefit of $1.6 million and $0.4 million respectively	(535)	(2,385)
Other comprehensive (loss) income, net of tax	(535)	(2,372)
Comprehensive income	38,181	16,142
Less: Comprehensive income attributable to non-controlling interests	(2,900)	(866)
Comprehensive income attributable to Atlantic Tele-Network, Inc.	$ 35,281	$ 15,276

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

Net of tax amount, before reclassification adjustments, of the change in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Also includes an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Tax benefit on unrealized (loss) gain on interest rate swap	$ 0.4	$ 1.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 38,716	$ 18,514
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	79,654	76,903
Provision for doubtful accounts	9,766	5,157
Amortization of debt discount and debt issuance costs	2,068	1,420
Stock-based compensation	2,744	2,660
Deferred income taxes	136	177
Equity in earnings of an unconsolidated affiliate	(3,011)	(1,484)
Gain on disposition of long-lived assets		(2,397)
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable	(15,844)	(22,088)
Materials and supplies, prepayments, and other current assets	(3,404)	13,670
Income tax receivable	11,545
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities	272	(13,478)
Accrued taxes	17,505	7,373
Other	(2,672)	(1,690)
Net cash provided by operating activities	137,475	84,737
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(50,505)	(65,850)
Cash acquired in business combinations		4,087
Proceeds from disposition of long-lived assets		1,200
Decrease in restricted cash		467
Net cash used in investing activities	(50,505)	(60,096)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing under term loan	275,000
Proceeds from borrowings under revolver loan	46,378	93,153
Principal repayments of term loan	(256,873)	(9,984)
Principal repayments of revolver loan	(74,534)	(79,619)
Proceeds from stock option exercises	1,240	193
Dividends paid on common stock	(10,692)	(10,159)
Distributions to non-controlling interests	(2,010)	(2,531)
Payments of debt issuance costs	(3,564)	(1,020)
Repurchase of non-controlling interests	(80)	(446)
Investments made by non-controlling interests	1,040	684
Purchase of common stock	(202)	(129)
Net cash used in financing activities	(24,297)	(9,858)
NET CHANGE IN CASH AND CASH EQUIVALENTS	62,673	14,783
CASH AND CASH EQUIVALENTS, beginning of the period	48,735	37,330
CASH AND CASH EQUIVALENTS, end of the period	$ 111,408	$ 52,113

ORGANIZATION AND BUSINESS OPERATIONS

9 Months Ended

Sep. 30, 2012

ORGANIZATION AND BUSINESS OPERATIONS

ORGANIZATION AND BUSINESS OPERATIONS

1. ORGANIZATION AND BUSINESS OPERATIONS

The Company provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean. Through its operating subsidiaries, the Company offers the following principal services:

· Wireless. In the United States, the Company offers wireless voice and data services to retail customers under the “Alltel” name in rural markets located principally in the Southeast and Midwest. Additionally, the Company offers wholesale wireless voice and data roaming services to national, regional and local wireless carriers and selected international wireless carriers in rural markets located principally in the Southwest and Midwest. The Company also offers wireless voice and data services to retail customers in Bermuda under the “CellOne” name, in Guyana under the “Cellink” name, and in other smaller markets in the Caribbean and the United States under other tradenames.

· Wireline. The Company’s local telephone and data services include its operations in Guyana and the mainland United States. The Company is the exclusive licensed provider of domestic wireline local and long distance telephone services in Guyana and international voice and data communications into and out of Guyana. The Company also offers facilities-based integrated voice and data communications services to enterprise and residential customers in New England, primarily in Vermont, and wholesale transport services in New York State and New England.

In the second quarter of 2011, the Company completed the merger of its Bermuda operations with M3 Wireless, Ltd., a leading retail wireless provider in Bermuda. For more information on the merger in Bermuda, see Note 4. The Company actively evaluates additional investment and acquisition opportunities in the United States and the Caribbean that meet the Company’s return-on-investment and other acquisition criteria.

The following chart summarizes the operating activities of the Company’s principal subsidiaries, the segments in which the Company reports its revenue and the markets it served as of September 30, 2012:

Services	Segment	Markets	Tradenames
Wireless	U.S. Wireless	United States (rural markets)	Alltel, Choice
	Island Wireless	Aruba, Bermuda, Turks and Caicos, U.S. Virgin Islands	Mio, CellOne, Islandcom, Choice
	International Integrated Telephony	Guyana	Cellink
Wireline	International Integrated Telephony	Guyana	GT&T, Emagine
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION

The Company provides management, technical, financial, regulatory, and marketing services to its subsidiaries and typically receives a management fee equal to a percentage of their respective revenue. Management fees from consolidated subsidiaries are eliminated in consolidation. For information about the Company’s business segments and geographical information about its revenue, operating income and long-lived assets, see Note 10 to the Consolidated Financial Statements included in this Report.

BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2012

BASIS OF PRESENTATION

BASIS OF PRESENTATION

2. BASIS OF PRESENTATION

The accompanying condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial information included herein is unaudited; however, the Company believes such information and the disclosures herein are adequate to make the information presented not misleading and reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of the Company’s financial position and results of operations for such periods. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Results of interim periods may not be indicative of results for the full year. These condensed consolidated financial statements and related notes should be read in conjunction with the Company’s 2011 Annual Report on Form 10-K.

Consolidation

The consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and certain entities, which are consolidated in accordance with the provisions of the Financial Accounting Standards Board’s (“FASB”) authoritative guidance on the consolidation of variable interest entities since it is determined that the Company is the primary beneficiary of these entities.

Recent Accounting Pronouncements

In June 2011, the FASB issued a new accounting standard that requires net income, the components of OCI, and total comprehensive income to be presented in either one continuous statement or in two separate, but consecutive, statements. The standard also requires that items reclassified from OCI to net income be presented on the face of the financial statements. The standard, which the Company adopted during the first quarter of 2012, did not have a material impact on its financial position, results of operations or liquidity.

In May 2011, the FASB issued amended guidance that clarifies the application of existing fair value measurement and increases certain related disclosure requirements about measuring fair value. The standard, which the Company adopted during the first quarter of 2012, did not have a material impact on its financial position, results of operations or liquidity.

Other new pronouncements issued but not effective until after September 30, 2012, are not expected to have a material impact on the Company’s financial position, results of operations or liquidity.

USE OF ESTIMATES

9 Months Ended

Sep. 30, 2012

USE OF ESTIMATES

USE OF ESTIMATES

3. USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. The most significant estimates relate to the allowance for doubtful accounts, useful lives of the Company’s fixed and finite-lived intangible assets, allocation of purchase price to assets acquired and liabilities assumed in purchase business combinations, fair value of indefinite-lived intangible assets, goodwill and income taxes. Actual results could differ significantly from those estimates.

ACQUISITIONS

9 Months Ended

Sep. 30, 2012

ACQUISITIONS

ACQUISITIONS

4. ACQUISITIONS

Merger with M3 Wireless, Ltd.

On May 2, 2011, the Company completed the merger of its Bermuda wireless operations, Bermuda Digital Communications, Ltd. (“BDC”), with that of M3 Wireless, Ltd. (“M3”), a wireless provider in Bermuda (the “CellOne Merger”). As part of the CellOne Merger, M3 merged with and into BDC, and the combined entity continues to operate under BDC’s CellOne brand. As a result of the CellOne Merger, the Company’s 58% ownership interest in BDC was reduced to a controlling 42% interest in the combined entity. Since the Company has the right to designate the majority of seats on the combined entity’s board of directors and therefore controls its management and policies, the Company has consolidated the results of the combined entity in its consolidated financial statements effective on the date of the CellOne Merger.

The CellOne Merger was accounted for using the purchase method and M3’s results of operations since May 2, 2011 have been included in the Company’s Island Wireless segment as reported in Note 10. The total consideration of the CellOne Merger was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of the CellOne Merger as determined by management. The consideration paid for M3 was determined based on the estimated fair value of the equity of M3. The table below represents the assignment of the total consideration to the tangible and intangible assets and liabilities of M3 based on their merger date fair values (in thousands) noting that Bermuda is a non-taxable jurisdiction:

Total consideration	$	6,655
Purchase price allocation:
Net working capital	$	675
Property, plant and equipment	10,577
Customer relationships	2,600
Telecommunications licenses	6,100
Goodwill	3,105
Note payable-affiliate (see Note 6)	(7,012		)
Other long term liabilities	(200		)
Non-controlling interests	(9,190		)
Net assets acquired	$	6,655

The amortization period of the customer relationships is 12.0 years. The value of the goodwill from the CellOne Merger can be attributed to a number of business factors including, but not limited to, the reputation of M3 as a retail provider of wireless services and a network operator, M3’s reputation for customer care and the strategic position M3 holds in Bermuda.

The following table reflects unaudited pro forma results of operations of the Company for the nine months ended September 30, 2011 assuming that the merger of M3 had occurred at the beginning of the earliest period presented (in thousands, except per share data):

	Nine Months ended September 30, 2011
	As Reported		As Adjusted
Revenue	$	576,253	$	582,341
Net income	17,648		$	18,183
Earnings per share:
Basic	$	1.15	$	1.18
Diluted	1.14		1.17

The unaudited pro forma data is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have occurred if the merger had been consummated on these dates or of future operating results of the combined company following this transaction.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F

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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 67-73
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+ Details

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2012

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

5. FAIR VALUE MEASUREMENTS

In accordance with the provisions of fair value accounting, a fair value measurement assumes that a transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability and defines fair value based upon an exit price model.

The fair value measurement guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance describes three levels of inputs that may be used to measure fair value:

Level 1		Quoted prices in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset and liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 assets and liabilities include money market funds, debt and equity securities and derivative contracts that are traded in an active exchange market.

Level 2		Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data.

		This category generally includes corporate obligations and non-exchange traded derivative contracts.

Level 3		Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2011 and September 30, 2012 are summarized as follows:

	December 31, 2011
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	3,366	$	3,366
Money market funds	3,847		—		3,847
Total assets measured at fair value	$	3,847	$	3,366	$	7,213
Interest rate derivative (Note 7)	$	—	$	11,337	$	11,337
Total liabilities measured at fair value	$	—	$	11,337	$	11,337

	September 30, 2012
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	350	$	350
Money market funds	5,625		—		5,625
Total assets measured at fair value	$	5,625	$	350	$	5,975
Interest rate derivative (Note 7)	$	—	$	12,229	$	12,229
Total liabilities measured at fair value	$	—	$	12,229	$	12,229

Money Market Funds and Certificates of Deposit

As of December 31, 2011 and September 30, 2012, this asset class consisted of time deposits at financial institutions denominated in U.S. dollars and a money market portfolio that comprises Federal government and U.S. Treasury securities. The asset class is classified within Level 1 of the fair value hierarchy because its underlying investments are valued using quoted market prices in active markets for identical assets.

Derivatives

The Company is exposed to certain risks arising from both its business operations and economic conditions. When deemed appropriate, the Company manages economic risks related to interest rates primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company entered into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of its known or expected cash payments principally related to the Company’s borrowings.

We did not have any significant nonfinancial assets or nonfinancial liabilities that would be recognized or disclosed at fair value on a recurring basis as of December 31, 2011 and September 30, 2012. The Company did not have any transfers of assets or liabilities between levels of the fair value hierarchy during the three months ended December 31, 2011 and September 30, 2012.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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+ Details

LONG-TERM DEBT

9 Months Ended

Sep. 30, 2012

LONG-TERM DEBT

LONG-TERM DEBT

6. LONG-TERM DEBT

Long-term debt comprises the following (in thousands):

	December 31, 2011			September 30, 2012
Notes payable - Bank
Term loans	$	252,113		$	271,500
Revolver loan	28,156			—
Note Payable — Other	5,752			4,492
Total outstanding debt	286,021			275,992
Less: current portion	(25,068		)	(15,680		)
Total long-term debt	260,953			260,312
Less: debt discount	(3,807		)	(5,744		)
Net carrying amount	$	257,146		$	254,568

Loan Facilities—Bank

On May 18, 2012, the Company amended and restated its existing credit facility with CoBank, ACB (the “Amended Credit Facility”) providing for $275.0 million in two term loans and a revolver loan of up to $100.0 million (which includes a $10.0 million swingline sub-facility) and additional term loans up to an aggregate of $100.0 million, subject to lender approval.

On October 29, 2012, the Company further amended its Amended Credit Facility to provide for an additional letter of credit sub-facility to its revolver loan, to be available for issuance in connection with the Company’s Mobility Fund Grant obligations. Under the amendment, the Company has the ability to use up to $55 million of its revolving credit facility for the issuance of letters of credit, which, when issued, will accrue a fee at a rate of 1.75% per annum on the outstanding amounts. The Company currently has no Mobility Fund letters of credit outstanding. See Note 12.

The term loan A-1 is $125 million and matures on June 30, 2017 (the “Term Loan A-1”). The term loan A-2 is $150 million and matures on June 30, 2019 (the “Term Loan A-2” and collectively with the Term Loan A-1, the “Term Loans”). Each of the Term Loans require certain quarterly repayment obligations. The revolver loan matures on June 30, 2017. The Company may prepay the Amended Credit Facility at any time without premium or penalty, other than customary fees for the breakage of London Interbank Offered Rate (LIBOR) loans.

Amounts borrowed under the Term Loan A-1 and the revolver loan bear interest at a rate equal to, at the Company’s option, either (i) LIBOR plus an applicable margin ranging between 2.00% to 3.50% or (ii) a base rate plus an applicable margin ranging from 1.00% to 2.50% (or, in the case of amounts borrowed under the swingline sub-facility, an applicable margin ranging from 0.50% to 2.00%). Amounts borrowed under the Term Loan A-2 bear interest at a rate equal to, at the Company’s option, either (i) the LIBOR plus an applicable margin ranging between 2.50% to 4.00% or (ii) a base rate plus an applicable margin ranging from 1.50% to 3.00%. The base rate is equal to the higher of (i) 1.50% plus the higher of (x) the one-week LIBOR and (y) the one-month LIBOR; and (ii) the prime rate (as defined in the Amended Credit Facility). The applicable margin is determined based on the ratio of the Company’s indebtedness (as defined in the Amended Credit Facility) to its EBITDA (as defined in the Amended Credit Facility).

Borrowings as of September 30, 2012, after considering the effect of the interest rate swap agreements as described in Note 7, bore a weighted-average interest rate of 4.36%. Availability under the revolver loan, net of an outstanding letter of credit of $0.1 million, was $99.9 million as of September 30, 2012. Upon completing the Amended Credit Facility, the Company expensed $0.7 million of deferred financing costs, which are included in other income (expense) within the statement of operations for the nine months ended September 30, 2012.

Under the terms of the Amended Credit Facility, the Company must also pay a fee ranging from 0.25% to 0.50% of the average daily unused portion of the revolver loan over each calendar quarter, in which the fee is payable in arrears on the last day of each calendar quarter.

The Amended Credit Facility contains customary representations, warranties and covenants, including covenants by the Company limiting additional indebtedness, liens, guaranties, mergers and consolidations, substantial asset sales, investments and loans, sale and leasebacks, transactions with affiliates and fundamental changes. In addition, the Amended Credit Facility contains financial covenants by the Company that (i) impose a maximum leverage ratio of indebtedness to EBITDA, (ii) require a minimum debt service ratio of EBITDA to principal, interest and taxes payments and (iii) require a minimum ratio of equity to consolidated assets. As of September 30, 2012, the Company was in compliance with all of the financial covenants of the Amended Credit Facility.

Prior to the execution of the Amended Credit Facility, the Company’s existing credit facility with CoBank, ACB, entered into on September 30, 2010 (the “Previous Credit Facility”) provided for $275.0 million in term loans and a revolver loan of up to $100.0 million (which includes a $10.0 million swingline sub-facility) and additional term loans up to an aggregate of $50.0 million, subject to lender approval. These term loans were scheduled to mature on September 30, 2014 and required certain quarterly repayment obligations. The revolver loan was scheduled to mature on September 10, 2014. As a result of an amendment entered into on September 16, 2011, amounts borrowed under the Previous Credit Facility bore interest at a rate equal to, at the Company’s option, either (i) LIBOR plus an applicable margin ranging between 2.75% to 4.25% or (ii) a base rate plus an applicable margin ranging from 1.75% to 3.25% (or, in the case of amounts borrowed under the swingline sub-facility, an applicable margin ranging from 1.25% to 2.75%). The applicable margin was determined based on the ratio of the Company’s indebtedness to its EBITDA (each as defined in the Previous Credit Facility agreement).

Note Payable—Other

In connection with the CellOne Merger with M3 Wireless, Ltd., the Company assumed a term loan of approximately $7.0 million owed to Keytech Ltd., the former parent company of M3 and current 42% minority shareholder in the Company’s Bermuda operations. The term loan requires quarterly repayments of principal, matures on March 15, 2015 and bears interest at a rate of 7% per annum.

The Company believes that the carrying value of its debt approximates fair value which was based on quoted market prices and falls within Level 1 of the fair value measurement hierarchy.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Sep. 30, 2012

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.

The effective portion of changes in the fair value of interest rate swaps designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company uses its derivatives to hedge the variable cash flows associated with existing variable-rate debt. The ineffective portion of the change in fair value of the derivative is recognized directly in earnings. No hedge ineffectiveness was recognized during any of the periods presented.

The total outstanding notional amount of cash flow hedges which were in effect on September 30, 2012 was $143.0 million.

During August 2012, the Company entered into two additional forward-starting interest rate swaps which are designated and qualify as cash flow hedges. One cash flow hedge is effective September 30, 2014 and has a notional amount starting at $20.0 million and expands to $130.0 million over the term. The second cash flow hedge has a $100.0 million notional amount and is effective June 30, 2017.

Amounts reported in accumulated other comprehensive income related to the interest rate swaps are reclassified to interest expense as interest payments are accrued on the Company’s variable-rate debt. Through September 30, 2013, the Company estimates that an additional $4.1 million will be reclassified as an increase to interest expense due to the interest rate swaps since the hedge interest rate exceeds the variable interest rate on the debt.

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of December 31, 2011 and September 30, 2012 (in thousands):

	Liability Derivatives
		Fair Value as of
	Balance Sheet Location	December 31, 2011		September 30, 2012
Derivatives designated as hedging instruments:
Interest Rate Swaps	Other liabilities	$	11,337	$	12,229
Total derivatives designated as hedging instruments		$	11,337	$	12,229

The table below presents the effect of the Company’s derivative financial instruments on the consolidated income statements for the three and nine months ended September 30, 2011 and 2012 (in thousands):

Three Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2011	Interest Rate Swap	$	(3,005	)	Interest expense	$	1,059
2012	Interest Rate Swap	(1,192		)	Interest expense	1,044

Nine Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2011	Interest Rate Swap	$	(7,017	)	Interest expense	$	3,131
2012	Interest Rate Swap	(892		)	Interest expense	3,100

Credit-risk-related Contingent Features

The Company has agreements with its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations.

As of September 30, 2012, the fair value of the interest rate swaps liability position related to these agreements was $12.2 million. As of September 30, 2012, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at September 30, 2012, it would have been required to settle its obligations under these agreements at their termination values of $12.2 million.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
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-Number 133
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+ Details

RECONCILIATION OF TOTAL EQUITY

9 Months Ended

Sep. 30, 2012

RECONCILIATION OF TOTAL EQUITY

RECONCILIATION OF TOTAL EQUITY

8. RECONCILIATION OF TOTAL EQUITY

Total equity was as follows (in thousands):

	Nine Months Ended September 30,
	2011									2012
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	283,768		$	45,268		$	329,036		$	294,266		$	58,264		$	352,530
Stock-based compensation	2,660			—			2,660			2,744			—			2,744
Comprehensive income:
Net income	17,648			866			18,514			35,816			2,900			38,716
Other comprehensive income(loss)-
Translation Adjustment	13			—			13			—			—			—
Gain (loss) on interest rate swap (net of tax)	(2,385		)	—			(2,385		)	(535		)	—			(535		)
Total comprehensive income	15,276			866			16,142			35,281			2,900			38,181
Issuance of common stock upon exercise of stock options	193			—			193			1,240			—			1,240
Dividends declared on common stock	(10,320		)	—			(10,320		)	(11,068		)	—			(11,068		)
Distributions to non-controlling interests	—			(2,531		)	(2,531		)	—			(2,010		)	(2,010		)
Investments made by minority shareholders	—			3,684			3,684			—			1,040			1,040
Repurchase of non-controlling interests	—			—			—			—			(80		)	(80		)
Change in equity ownership of consolidated subsidiaries	3,475			11,923			15,398			—			—			—
Purchase of common shares	(129		)	—			(129		)	(202		)				(202		)
Equity, end of period	$	294,923		$	59,210		$	354,133		$	322,261		$	60,114		$	382,375

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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+ Details

NET INCOME PER SHARE

9 Months Ended

Sep. 30, 2012

NET INCOME PER SHARE

NET INCOME PER SHARE

9. NET INCOME PER SHARE

For the three and nine months ended September 30, 2011 and 2012, outstanding stock options were the only potentially dilutive securities. The reconciliation from basic to diluted weighted average common shares outstanding is as follows (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2012	2011	2012
Basic weighted-average common shares outstanding	15,401	15,560	15,393	15,517
Stock options	88	91	97	88
Diluted weighted-average common shares outstanding	15,489	15,651	15,490	15,605

The above calculations for the three months ended September 30, 2011 and 2012 do not include 313,000 and 322,000 shares, respectively, related to certain stock options because the effects of such were anti-dilutive. For the nine months ended September 30, 2011 and 2012, the calculation does not include 267,000 and 362,000 shares, respectively, related to certain stock options because the effect on such options was anti-dilutive.

SEGMENT REPORTING

9 Months Ended

Sep. 30, 2012

SEGMENT REPORTING

SEGMENT REPORTING

10. SEGMENT REPORTING

The Company has four reportable segments for separate disclosure in accordance with the FASB’s authoritative guidance on disclosures about segments of an enterprise. Those four segments are: i) U.S. Wireless, which generates all of its revenues in and has all of its assets located in the United States, ii) International Integrated Telephony, which generates all of its revenues in and has all of its assets located in Guyana, iii) Island Wireless, which generates all of its revenues in and has all of its assets located in Bermuda, the U.S. Virgin Islands, Aruba and Turks and Caicos and iv) U.S. Wireline, which generates all of its revenues in and has all of its assets located in the United States. The operating segments are managed separately because each offers different services and serves different markets.

The following tables provide information for each operating segment (in thousands):

	For the Three Months Ended September 30, 2011
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	89,143	$	—	$	—		$	—		$	—		$	89,143
Wholesale	57,048		—		—			—			—			57,048
International Wireless	—		6,695		13,682			—			—			20,377
Wireline	139		16,638		—			4,971			—			21,748
Equipment and Other	4,428		71		1,531			—			—			6,030
Total Revenue	150,758		23,404		15,213			4,971			—			194,346
Depreciation and amortization	18,417		4,506		2,748			797			244			26,712
Non-cash stock-based compensation	58		—		—			—			712			770
Operating income (loss)	26,840		6,771		(1,186		)	(111		)	(4,668		)	27,646

	For the Nine Months Ended September 30, 2011
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	284,221	$	—	$	—		$	—		$	—		$	284,221
Wholesale	153,615		—		—			—			—			153,615
International Wireless	—		20,326		32,548			—			—			52,874
Wireline	416		47,814		—			15,075			—			63,305
Equipment and Other	17,859		264		4,115			—			—			22,238
Total Revenue	456,111		68,404		36,663			15,075			—			576,253
Depreciation and amortization	53,188		13,610		7,071			2,374			660			76,903
Non-cash stock-based compensation	425		—		—			—			2,235			2,660
Operating income (loss)	43,775		19,655		(5,289		)	(100		)	(13,728		)	44,313

	For the Three Months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	83,269	$	—	$	—	$	—		$	—		$	83,269
Wholesale	54,918		—		—		—			—			54,918
International Wireless	—		6,838		14,210		—			—			21,048
Wireline	152		16,128		—		5,043			(203		)	21,120
Equipment and Other	6,632		377		1,434		—			—			8,443
Total Revenue	144,971		23,343		15,644		5,043			(203		)	188,798
Depreciation and amortization	17,754		4,602		2,875		697			120			26,048
Non-cash stock-based compensation	62		—		—		—			774			836
Operating income (loss)	28,394		6,401		1,061		(566		)	(5,660		)	29,630

	For the Nine Months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	254,081	$	—	$	—		$	—		$	—		$	254,081
Wholesale	153,854		—		—			—			—			153,854
International Wireless	—		19,891		40,427			—			—			60,318
Wireline	450		48,692		—			14,634			(203		)	63,573
Equipment and Other	19,950		1,334		3,871			—			—			25,155
Total Revenue	428,335		69,917		44,298			14,634			(203		)	556,981
Depreciation and amortization	54,780		16,921		8,444			2,135			(2,626		)	79,654
Non-cash stock-based compensation	159		—		—			—			2,585			2,744
Operating income (loss)	71,294		16,973		(263		)	(1,655		)	(15,485		)	70,864

	Segment Assets
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2011:
Net fixed assets	$	296,279	$	129,069	$	40,446	$	9,126	$	8,283	$	483,203
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	544,388		171,676		84,057		22,790		50,820		873,731
September 30, 2012:
Net fixed assets	$	265,411	121,579		35,572		14,522		10,342		447,426
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	532,506		181,355		82,354		31,800		78,484		906,499

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Nine Months Ended September 30,
2011	$	43,532	$	12,697	$	5,812	$	1,805	$	2,004	$	65,850
2012	$	29,446	$	7,362	$	3,915	$	7,280	$	2,502	$	50,505

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2012

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

11. COMMITMENTS AND CONTINGENCIES

Regulatory and Litigation Matters

The Company and its subsidiaries are subject to certain regulatory and legal proceedings and other claims arising in the ordinary course of business, some of which involve claims for damages and taxes that are substantial in amount. The Company believes that, except for the items discussed in its Annual Report on Form 10-K for the year ended December 31, 2011, for which the Company is currently unable to predict the final outcome, the disposition of proceedings currently pending will not have a material adverse effect on the Company’s financial position or results of operations.

On July 20, 2012 a trial court in Guyana made findings calling into question the validity of the exclusive license held by the Company’s Guyana subsidiary, Guyana Telephone & Telegraph Ltd. (“GT&T”), to provide international voice and data service in Guyana and the applicability of that license to telecommunications services using Voice over Internet Protocol (“VoIP”). The findings were made in a breach of contract case brought originally in 2007 against GT&T by a subscriber to its internet service. Digicel, our main competitor in Guyana, in response to the trial court’s findings, began connecting its own international traffic out of Guyana without receiving an international license and at rates which had not been approved by the Guyana Public Utilities Commission (“PUC”). In response, the Guyana Public Utilities Commission ordered Digicel to cease providing service at these rates and the government of Guyana notified us that they have undertaken to advise Digicel that its activities are in contravention of Guyana law. The Guyana courts also granted GT&T an interim injunction restraining Digicel from bypassing GT&T’s network, which we expect to remain in effect until the court holds a hearing on GT&T’s request for a permanent injunction or until the court otherwise determines to remove the temporary injunction. No such hearing has currently been scheduled. GT&T has also appealed the case, not only with respect to the contract claim, but also as to the court’s findings regarding the exclusivity of GT&T’s license and its application to VoIP services.

Historically, the Company has been subject to litigation proceedings and other disputes in Guyana that while not conclusively resolved, to its knowledge have not been the subject of discussions or other significant activity in the last five years. It is possible that these disputes may be revived. The Company believes that none of these additional proceedings would, in the event of an adverse outcome, have a material impact on its consolidated financial position, results of operation or liquidity. For all of the regulatory, litigation, or related matters listed above and in our Form 10-K for the year ended December 31, 2011, the Company believes some adverse outcome is probable and has accordingly accrued $5.0 million as of September 30, 2012.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

SUBSEQUENT EVENT

9 Months Ended

Sep. 30, 2012

SUBSEQUENT EVENT

SUBSEQUENT EVENT

12. SUBSEQUENT EVENT

In November 2011, the Federal Communications Commission (“FCC”) released an Order reforming its Universal Service Fund (“USF”) program, which previously provided support to carriers seeking to offer telecommunications services in high-cost areas and to low-income households. In 2011, we received approximately $9.9 million in USF support to our U.S. wireless businesses relating to high-cost areas. Beginning in June 2012, the FCC began phasing out this existing USF support at a rate of 20% per year over the next five years as part of its reform program.

Also as part of the USF reform program, the FCC created two new funds, including the Mobility Fund, a one-time grant meant to support wireless coverage in underserved geographic areas in the United States. On October 3, 2012, we were provisionally awarded approximately $68.8 million by the FCC under the new Mobility Fund (the “Mobility Fund Grants”). Although our receipt of the Mobility Fund Grants are still subject to FCC approval, we currently expect to receive approximately $68.8 million in support beginning in 2013 to expand our voice and broadband networks in certain geographic areas to offer either 3G or 4G coverage pursuant to certain FCC construction and other requirements. The results of our Mobility Fund projects, once initiated, will be included in our “U.S. Wireless” segment.

On October 29, 2012, the Company further amended its Amended Credit Facility to provide for a letter of credit sub-facility to its revolver loan, to be available for issuance in connection with the Company’s Mobility Fund Grant obligations. Under the amendment, the Company has the ability to use up to $55 million of its revolving credit facility for the issuance of letters of credit, which, when issued, will accrue a fee at a rate of 1.75% per annum on the outstanding amounts. The Company currently has no Mobility Fund letters of credit outstanding. Any actual award of Mobility Fund Grants is subject to certain conditions, including the issuance of a letter of credit. If we fail to comply with any of the terms and conditions upon which the Mobility Fund Grants were granted, or if we lose eligibility for Mobility Fund support, the FCC will be entitled to draw the entire amount of the letter of credit applicable to the affected project and may disqualify us from the receipt of additional Mobility Fund support.

In September 2012 the Government of Guyana officially notified the Company of its intention to sell its 20% ownership interest in GT&T to a third party unaffiliated with either the Government or the Company. In November 2012, and in connection with the sale, the Government agreed to relinquish all of its shareholder related rights with regard to GT&T. The Company has agreed to provide the purchaser of the Government’s shares limited shareholder rights, including the right to minority representation on GT&T’s Board of Directors.

ORGANIZATION AND BUSINESS OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2012

ORGANIZATION AND BUSINESS OPERATIONS

Schedule of the operating activities of the Company's principal subsidiaries, the segments in which the Company reports its revenue, and markets served

Services	Segment	Markets	Tradenames
Wireless	U.S. Wireless	United States (rural markets)	Alltel, Choice
	Island Wireless	Aruba, Bermuda, Turks and Caicos, U.S. Virgin Islands	Mio, CellOne, Islandcom, Choice
	International Integrated Telephony	Guyana	Cellink
Wireline	International Integrated Telephony	Guyana	GT&T, Emagine
	U.S. Wireline	United States (New England and New York State)	Sovernet, ION

ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2012

ACQUISITIONS

Schedule of consideration to the tangible and intangible assets and liabilities of acquiree based on merger date fair values

The table below represents the assignment of the total consideration to the tangible and intangible assets and liabilities of M3 based on their merger date fair values (in thousands) noting that Bermuda is a non-taxable jurisdiction:

Total consideration	$	6,655
Purchase price allocation:
Net working capital	$	675
Property, plant and equipment	10,577
Customer relationships	2,600
Telecommunications licenses	6,100
Goodwill	3,105
Note payable-affiliate (see Note 6)	(7,012		)
Other long term liabilities	(200		)
Non-controlling interests	(9,190		)
Net assets acquired	$	6,655

Schedule of pro forma results of operations

	Nine Months ended September 30, 2011
	As Reported		As Adjusted
Revenue	$	576,253	$	582,341
Net income	17,648		$	18,183
Earnings per share:
Basic	$	1.15	$	1.18
Diluted	1.14		1.17

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2012

FAIR VALUE MEASUREMENTS

Schedule of assets and liabilities of the entity measured at fair value on a recurring basis

	December 31, 2011
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	3,366	$	3,366
Money market funds	3,847		—		3,847
Total assets measured at fair value	$	3,847	$	3,366	$	7,213
Interest rate derivative (Note 7)	$	—	$	11,337	$	11,337
Total liabilities measured at fair value	$	—	$	11,337	$	11,337

	September 30, 2012
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Total
Certificates of deposit	$	—	$	350	$	350
Money market funds	5,625		—		5,625
Total assets measured at fair value	$	5,625	$	350	$	5,975
Interest rate derivative (Note 7)	$	—	$	12,229	$	12,229
Total liabilities measured at fair value	$	—	$	12,229	$	12,229

LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2012

LONG-TERM DEBT

Schedule of long-term debt

Long-term debt comprises the following (in thousands):

	December 31, 2011			September 30, 2012
Notes payable - Bank
Term loans	$	252,113		$	271,500
Revolver loan	28,156			—
Note Payable — Other	5,752			4,492
Total outstanding debt	286,021			275,992
Less: current portion	(25,068		)	(15,680		)
Total long-term debt	260,953			260,312
Less: debt discount	(3,807		)	(5,744		)
Net carrying amount	$	257,146		$	254,568

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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-Name Accounting Standards Codification
-Topic 835
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-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

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-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2012

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of fair value of the entity's derivative financial instrument as well as its classification on the consolidated balance sheet

	Liability Derivatives
		Fair Value as of
	Balance Sheet Location	December 31, 2011		September 30, 2012
Derivatives designated as hedging instruments:
Interest Rate Swaps	Other liabilities	$	11,337	$	12,229
Total derivatives designated as hedging instruments		$	11,337	$	12,229

Schedule of effect of the entity's derivative financial instruments on the consolidated income statements

Three Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2011	Interest Rate Swap	$	(3,005	)	Interest expense	$	1,059
2012	Interest Rate Swap	(1,192		)	Interest expense	1,044

Nine Months Ended September 30,	Derivative in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)
2011	Interest Rate Swap	$	(7,017	)	Interest expense	$	3,131
2012	Interest Rate Swap	(892		)	Interest expense	3,100

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

RECONCILIATION OF TOTAL EQUITY (Tables)

9 Months Ended

Sep. 30, 2012

RECONCILIATION OF TOTAL EQUITY

Schedule of reconciliation of equity

Total equity was as follows (in thousands):

	Nine Months Ended September 30,
	2011									2012
	Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity			Atlantic Tele- Network, Inc.			Non-Controlling Interests			Total Equity
Equity, beginning of period	$	283,768		$	45,268		$	329,036		$	294,266		$	58,264		$	352,530
Stock-based compensation	2,660			—			2,660			2,744			—			2,744
Comprehensive income:
Net income	17,648			866			18,514			35,816			2,900			38,716
Other comprehensive income(loss)-
Translation Adjustment	13			—			13			—			—			—
Gain (loss) on interest rate swap (net of tax)	(2,385		)	—			(2,385		)	(535		)	—			(535		)
Total comprehensive income	15,276			866			16,142			35,281			2,900			38,181
Issuance of common stock upon exercise of stock options	193			—			193			1,240			—			1,240
Dividends declared on common stock	(10,320		)	—			(10,320		)	(11,068		)	—			(11,068		)
Distributions to non-controlling interests	—			(2,531		)	(2,531		)	—			(2,010		)	(2,010		)
Investments made by minority shareholders	—			3,684			3,684			—			1,040			1,040
Repurchase of non-controlling interests	—			—			—			—			(80		)	(80		)
Change in equity ownership of consolidated subsidiaries	3,475			11,923			15,398			—			—			—
Purchase of common shares	(129		)	—			(129		)	(202		)				(202		)
Equity, end of period	$	294,923		$	59,210		$	354,133		$	322,261		$	60,114		$	382,375

NET INCOME PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

NET INCOME PER SHARE

Schedule of reconciliation from basic to diluted weighted average common shares outstanding

The reconciliation from basic to diluted weighted average common shares outstanding is as follows (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2011	2012	2011	2012
Basic weighted-average common shares outstanding	15,401	15,560	15,393	15,517
Stock options	88	91	97	88
Diluted weighted-average common shares outstanding	15,489	15,651	15,490	15,605

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2012

SEGMENT REPORTING

Schedule of information for each operating segment

The following tables provide information for each operating segment (in thousands):

	For the Three Months Ended September 30, 2011
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	89,143	$	—	$	—		$	—		$	—		$	89,143
Wholesale	57,048		—		—			—			—			57,048
International Wireless	—		6,695		13,682			—			—			20,377
Wireline	139		16,638		—			4,971			—			21,748
Equipment and Other	4,428		71		1,531			—			—			6,030
Total Revenue	150,758		23,404		15,213			4,971			—			194,346
Depreciation and amortization	18,417		4,506		2,748			797			244			26,712
Non-cash stock-based compensation	58		—		—			—			712			770
Operating income (loss)	26,840		6,771		(1,186		)	(111		)	(4,668		)	27,646

	For the Nine Months Ended September 30, 2011
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	284,221	$	—	$	—		$	—		$	—		$	284,221
Wholesale	153,615		—		—			—			—			153,615
International Wireless	—		20,326		32,548			—			—			52,874
Wireline	416		47,814		—			15,075			—			63,305
Equipment and Other	17,859		264		4,115			—			—			22,238
Total Revenue	456,111		68,404		36,663			15,075			—			576,253
Depreciation and amortization	53,188		13,610		7,071			2,374			660			76,903
Non-cash stock-based compensation	425		—		—			—			2,235			2,660
Operating income (loss)	43,775		19,655		(5,289		)	(100		)	(13,728		)	44,313

	For the Three Months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	83,269	$	—	$	—	$	—		$	—		$	83,269
Wholesale	54,918		—		—		—			—			54,918
International Wireless	—		6,838		14,210		—			—			21,048
Wireline	152		16,128		—		5,043			(203		)	21,120
Equipment and Other	6,632		377		1,434		—			—			8,443
Total Revenue	144,971		23,343		15,644		5,043			(203		)	188,798
Depreciation and amortization	17,754		4,602		2,875		697			120			26,048
Non-cash stock-based compensation	62		—		—		—			774			836
Operating income (loss)	28,394		6,401		1,061		(566		)	(5,660		)	29,630

	For the Nine Months Ended September 30, 2012
	U.S. Wireless		International Integrated Telephony		Island Wireless			U.S. Wireline			Reconciling Items			Consolidated
Revenue
U.S. Wireless:
Retail	$	254,081	$	—	$	—		$	—		$	—		$	254,081
Wholesale	153,854		—		—			—			—			153,854
International Wireless	—		19,891		40,427			—			—			60,318
Wireline	450		48,692		—			14,634			(203		)	63,573
Equipment and Other	19,950		1,334		3,871			—			—			25,155
Total Revenue	428,335		69,917		44,298			14,634			(203		)	556,981
Depreciation and amortization	54,780		16,921		8,444			2,135			(2,626		)	79,654
Non-cash stock-based compensation	159		—		—			—			2,585			2,744
Operating income (loss)	71,294		16,973		(263		)	(1,655		)	(15,485		)	70,864

	Segment Assets
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
December 31, 2011:
Net fixed assets	$	296,279	$	129,069	$	40,446	$	9,126	$	8,283	$	483,203
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	544,388		171,676		84,057		22,790		50,820		873,731
September 30, 2012:
Net fixed assets	$	265,411	121,579		35,572		14,522		10,342		447,426
Goodwill	32,148		—		5,438		7,491		—		45,077
Total assets	532,506		181,355		82,354		31,800		78,484		906,499

	Capital Expenditures
	U.S. Wireless		International Integrated Telephony		Island Wireless		U.S. Wireline		Reconciling Items		Consolidated
Nine Months Ended September 30,
2011	$	43,532	$	12,697	$	5,812	$	1,805	$	2,004	$	65,850
2012	$	29,446	$	7,362	$	3,915	$	7,280	$	2,502	$	50,505

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

ACQUISITIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	May 02, 2011
As Reported
Revenue		$ 188,798	$ 194,346	$ 556,981	$ 576,253
Net income		$ 15,965	$ 11,336	$ 35,816	$ 17,648
Earnings per share:
Basic (in dollars per share)		$ 1.03	$ 0.74	$ 2.31	$ 1.15
Diluted (in dollars per share)		$ 1.02	$ 0.73	$ 2.30	$ 1.14
As Adjusted
Revenue					$ 582,341
Net income					$ 18,183
Earnings per share:
Basic (in dollars per share)					$ 1.18
Diluted (in dollars per share)					$ 1.17
BDC
Acquisitions
Ownership interest before merger (as a percent)	58.00%
Ownership interest after merger (as a percent)	42.00%
M3 Wireless, Ltd. \| BDC
Acquisitions
Total consideration						$ 6,655
Purchase price allocation:
Net working capital						675
Property, plant and equipment						10,577
Telecommunications licenses						6,100
Goodwill						3,105
Note payable- affiliate						(7,012)
Other long term liabilities						(200)
Non-controlling interests						(9,190)
Net assets acquired						6,655
M3 Wireless, Ltd. \| Customer relationships \| BDC
Purchase price allocation:
Customer relationships						$ 2,600
Assets acquired, related information
Amortization period				12 years

FAIR VALUE MEASUREMENTS (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
Quoted Prices in Active Markets (Level 1)
Fair value measurements
Assets measured at fair value	$ 5,625	$ 3,847
Quoted Prices in Active Markets (Level 1) \| Money market funds
Fair value measurements
Assets measured at fair value	5,625	3,847
Significant Other Observable Inputs (Level 2)
Fair value measurements
Assets measured at fair value	350	3,366
Liabilities measured at fair value	12,229	11,337
Significant Other Observable Inputs (Level 2) \| Interest rate derivative
Fair value measurements
Liabilities measured at fair value	12,229	11,337
Significant Other Observable Inputs (Level 2) \| Certificates of deposit
Fair value measurements
Assets measured at fair value	350	3,366
Total
Fair value measurements
Assets measured at fair value	5,975	7,213
Liabilities measured at fair value	12,229	11,337
Total \| Interest rate derivative
Fair value measurements
Liabilities measured at fair value	12,229	11,337
Total \| Certificates of deposit
Fair value measurements
Assets measured at fair value	350	3,366
Total \| Money market funds
Fair value measurements
Assets measured at fair value	$ 5,625	$ 3,847

LONG-TERM DEBT (Details) $ in Thousands			1 Months Ended		9 Months Ended
LONG-TERM DEBT (Details) $ in Thousands	May 18, 2012 USD ($) item	Sep. 16, 2011	Oct. 31, 2012	May 31, 2011	Sep. 30, 2012 USD ($)	Oct. 29, 2012 USD ($)	Dec. 31, 2011 USD ($)	May 02, 2011 USD ($)	Sep. 30, 2010 USD ($)
Long-term debt
Outstanding debt					$ 275,992		$ 286,021
Less: current portion					(15,680)		(25,068)
Total long-term debt					260,312		260,953
Less: debt discount					(5,744)		(3,807)
Net carrying amount					$ 254,568		257,146
BDC
Long-term debt
Ownership interest held by minority shareholder (as a percent)				42.00%
Credit facility \| LIBOR
Long-term debt
Description of variable rate basis		LIBOR
Credit facility \| Base rate
Long-term debt
Description of variable rate basis		Base Rate
Credit facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)		2.75%
Credit facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		1.75%
Credit facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)		4.25%
Credit facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		3.25%
Amended Credit Facility
Long-term debt
Weighted-average interest rate (as a percent)					4.36%
Deferred financing costs					$ 700
Amended Credit Facility \| One-week LIBOR
Long-term debt
Description of variable rate basis					One-week LIBOR
Basis spread on variable rate (as a percent)					1.50%
Amended Credit Facility \| One-month LIBOR
Long-term debt
Description of variable rate basis					One-month LIBOR
Basis spread on variable rate (as a percent)					1.50%
Term loans
Long-term debt
Outstanding debt					$ 271,500		252,113
Term loans \| Credit facility
Long-term debt
Maximum borrowing capacity									$ 275,000
Maximum aggregate additional borrowings subject to lender approval									50,000
Term loans \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity	$ 275,000
Number of term loans \| item	2
Maximum aggregate additional borrowings subject to lender approval	$ 100,000
Term Loan A-1 \| Amended Credit Facility
Long-term debt
Outstanding debt	125,000
Term Loan A-1 \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis					LIBOR
Term Loan A-1 \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Term Loan A-1 \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					2.00%
Term Loan A-1 \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					1.00%
Term Loan A-1 \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					3.50%
Term Loan A-1 \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					2.50%
Term Loan A-2 \| Amended Credit Facility
Long-term debt
Outstanding debt	150,000
Term Loan A-2 \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis					LIBOR
Term Loan A-2 \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Term Loan A-2 \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					2.50%
Term Loan A-2 \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					1.50%
Term Loan A-2 \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					4.00%
Term Loan A-2 \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					3.00%
Revolver loan
Long-term debt
Outstanding debt							28,156
Revolver loan \| Credit facility
Long-term debt
Maximum borrowing capacity									100,000
Revolver loan \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity	100,000
Revolver loan \| Amended Credit Facility \| LIBOR
Long-term debt
Description of variable rate basis					LIBOR
Revolver loan \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Revolver loan \| Amended Credit Facility \| Minimum
Long-term debt
Commitment fee (as a percent)					0.25%
Revolver loan \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					2.00%
Revolver loan \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					1.00%
Revolver loan \| Amended Credit Facility \| Maximum
Long-term debt
Commitment fee (as a percent)					0.50%
Revolver loan \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)					3.50%
Revolver loan \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					2.50%
Swingline sub-facility \| Credit facility
Long-term debt
Maximum borrowing capacity									$ 10,000
Swingline sub-facility \| Credit facility \| Base rate
Long-term debt
Description of variable rate basis		Base Rate
Swingline sub-facility \| Credit facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		1.25%
Swingline sub-facility \| Credit facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		2.75%
Swingline sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity	$ 10,000
Swingline sub-facility \| Amended Credit Facility \| Base rate
Long-term debt
Description of variable rate basis					Base Rate
Swingline sub-facility \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					0.50%
Swingline sub-facility \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)					2.00%
Letter of credit sub-facility \| Amended Credit Facility
Long-term debt
Outstanding debt					$ 100
Maximum borrowing capacity						$ 55,000
Availability under the facility					99,900
Commitment fee (as a percent)			1.75%
Note Payable - Other
Long-term debt
Outstanding debt					$ 4,492		$ 5,752
Note Payable - Other \| M3 Wireless, Ltd. \| Keytech Ltd.
Long-term debt
Term loan owed to related party								$ 7,000
Effective interest rate (as a percent)								7.00%

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) $ in Thousands	1 Months Ended	9 Months Ended
	Aug. 31, 2012 item	Sep. 30, 2012 USD ($)	Dec. 31, 2011 USD ($)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Total outstanding notional amount of cash flow hedges		$ 143,000
Derivative instruments and hedging activities
Fair Value, liability derivatives		12,229	$ 11,337
Amount to be reclassified from AOCI to interest expense in next 12 months		4,100
Interest rate swaps \| Derivatives designated as hedging instruments
Derivative instruments and hedging activities
Fair Value, liability derivatives		12,229	$ 11,337
Additional forward-starting interest rate swaps \| item	2
Interest rate swaps effective on September 20, 2014 \| Derivatives designated as hedging instruments
Derivative instruments and hedging activities
Notional amount of interest rate cash flow hedge derivative acquired		20,000
Expanded notional amount of interest rate cash flow hedge derivative		130,000
Interest rate swaps effective on June 30, 2017 \| Derivatives designated as hedging instruments
Derivative instruments and hedging activities
Notional amount of interest rate cash flow hedge derivative acquired		$ 100,000

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Derivative instruments and hedging activities
Liability position related to credit-risk-related contingent features	$ 12,200		$ 12,200
Termination value of derivatives with credit-risk-related contingent features	12,200		12,200
Interest rate swaps \| Derivative in Cash Flow Hedging Relationships
Derivative instruments and hedging activities
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)	(1,192)	$ (3,005)	(892)	$ (7,017)
Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)	$ 1,044	$ 1,059	$ 3,100	$ 3,131

RECONCILIATION OF TOTAL EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Changes in total equity
Equity, beginning of period			$ 352,530	$ 329,036
Stock based compensation			2,744	2,660
Comprehensive income:
Net income	$ 18,012	$ 13,216	38,716	18,514
Other comprehensive income:
Foreign currency translation adjustment				13
Gain (loss) on interest rate swap (net of tax)			(535)	(2,385)
Comprehensive income			38,181	16,142
Issuance of common stock upon exercise of stock options			1,240	193
Dividends declared on common stock			(11,068)	(10,320)
Distributions to non-controlling interests			(2,010)	(2,531)
Investments made by minority shareholders			1,040	3,684
Repurchase of non-controlling interests			(80)
Change in equity ownership of consolidated subsidiaries				15,398
Purchase of common shares			(202)	(129)
Equity, end of period	382,375	354,133	382,375	354,133
Atlantic Tele-Network, Inc.
Changes in total equity
Equity, beginning of period			294,266	283,768
Stock based compensation			2,744	2,660
Comprehensive income:
Net income			35,816	17,648
Other comprehensive income:
Foreign currency translation adjustment				13
Gain (loss) on interest rate swap (net of tax)			(535)	(2,385)
Comprehensive income			35,281	15,276
Issuance of common stock upon exercise of stock options			1,240	193
Dividends declared on common stock			(11,068)	(10,320)
Change in equity ownership of consolidated subsidiaries				3,475
Purchase of common shares			(202)	(129)
Equity, end of period	322,261	294,923	322,261	294,923
Non-Controlling Interests
Changes in total equity
Equity, beginning of period			58,264	45,268
Comprehensive income:
Net income			2,900	866
Other comprehensive income:
Comprehensive income			2,900	866
Distributions to non-controlling interests			(2,010)	(2,531)
Investments made by minority shareholders			1,040	3,684
Repurchase of non-controlling interests			(80)
Change in equity ownership of consolidated subsidiaries				11,923
Equity, end of period	$ 60,114	$ 59,210	$ 60,114	$ 59,210

NET INCOME PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
NET INCOME PER SHARE (Details) - shares	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Reconciliation from basic to diluted weighted average common shares outstanding
Basic weighted-average common shares outstanding	15,560,000	15,401,000	15,517,000	15,393,000
Stock options (in shares)	91,000	88,000	88,000	97,000
Diluted weighted-average common shares outstanding	15,651,000	15,489,000	15,605,000	15,490,000
Anti-dilutive securities excluded from computation of earnings per share
Anti-dilutive stock options excluded from computation of earnings per share	322,000	313,000	362,000	267,000

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2012 USD ($) item	Sep. 30, 2011 USD ($)	Dec. 31, 2011 USD ($)
SEGMENT REPORTING
Number of reportable segments \| item			4
Revenue
Revenue	$ 188,798	$ 194,346	$ 556,981	$ 576,253
Depreciation and amortization	26,048	26,712	79,654	76,903
Non-cash stock-based compensation	836	770	2,744	2,660
Operating income (loss)	29,630	27,646	70,864	44,313
Segment Assets
Net fixed assets	447,426		447,426		$ 483,203
Goodwill	45,077		45,077		45,077
Total assets	906,499		906,499		873,731
Capital Expenditures
Capital expenditures			50,505	65,850
U.S. wireless, Retail
Revenue
Revenue	83,269	89,143	254,081	284,221
U.S. wireless, Wholesale
Revenue
Revenue	54,918	57,048	153,854	153,615
International wireless
Revenue
Revenue	21,048	20,377	60,318	52,874
Wireline
Revenue
Revenue	21,120	21,748	63,573	63,305
Equipment and other
Revenue
Revenue	8,443	6,030	25,155	22,238
U.S. Wireless
Revenue
Revenue	144,971	150,758	428,335	456,111
Depreciation and amortization	17,754	18,417	54,780	53,188
Non-cash stock-based compensation	62	58	159	425
Operating income (loss)	28,394	26,840	71,294	43,775
Segment Assets
Net fixed assets	265,411		265,411		296,279
Goodwill	32,148		32,148		32,148
Total assets	532,506		532,506		544,388
Capital Expenditures
Capital expenditures			29,446	43,532
U.S. Wireless \| U.S. wireless, Retail
Revenue
Revenue	83,269	89,143	254,081	284,221
U.S. Wireless \| U.S. wireless, Wholesale
Revenue
Revenue	54,918	57,048	153,854	153,615
U.S. Wireless \| Wireline
Revenue
Revenue	152	139	450	416
U.S. Wireless \| Equipment and other
Revenue
Revenue	6,632	4,428	19,950	17,859
International Integrated Telephony
Revenue
Revenue	23,343	23,404	69,917	68,404
Depreciation and amortization	4,602	4,506	16,921	13,610
Operating income (loss)	6,401	6,771	16,973	19,655
Segment Assets
Net fixed assets	121,579		121,579		129,069
Total assets	181,355		181,355		171,676
Capital Expenditures
Capital expenditures			7,362	12,697
International Integrated Telephony \| International wireless
Revenue
Revenue	6,838	6,695	19,891	20,326
International Integrated Telephony \| Wireline
Revenue
Revenue	16,128	16,638	48,692	47,814
International Integrated Telephony \| Equipment and other
Revenue
Revenue	377	71	1,334	264
Island Wireless
Revenue
Revenue	15,644	15,213	44,298	36,663
Depreciation and amortization	2,875	2,748	8,444	7,071
Operating income (loss)	1,061	(1,186)	(263)	(5,289)
Segment Assets
Net fixed assets	35,572		35,572		40,446
Goodwill	5,438		5,438		5,438
Total assets	82,354		82,354		84,057
Capital Expenditures
Capital expenditures			3,915	5,812
Island Wireless \| International wireless
Revenue
Revenue	14,210	13,682	40,427	32,548
Island Wireless \| Equipment and other
Revenue
Revenue	1,434	1,531	3,871	4,115
U.S. Wireline
Revenue
Revenue	5,043	4,971	14,634	15,075
Depreciation and amortization	697	797	2,135	2,374
Operating income (loss)	(566)	(111)	(1,655)	(100)
Segment Assets
Net fixed assets	14,522		14,522		9,126
Goodwill	7,491		7,491		7,491
Total assets	31,800		31,800		22,790
Capital Expenditures
Capital expenditures			7,280	1,805
U.S. Wireline \| Wireline
Revenue
Revenue	5,043	4,971	14,634	15,075
Reconciling Items
Revenue
Revenue	(203)		(203)
Depreciation and amortization	120	244	(2,626)	660
Non-cash stock-based compensation	774	712	2,585	2,235
Operating income (loss)	(5,660)	$ (4,668)	(15,485)	(13,728)
Segment Assets
Net fixed assets	10,342		10,342		8,283
Total assets	78,484		78,484		$ 50,820
Capital Expenditures
Capital expenditures			2,502	$ 2,004
Reconciling Items \| Wireline
Revenue
Revenue	$ (203)		$ (203)

COMMITMENTS AND CONTINGENCIES (Details) - Pending litigation, adverse outcome $ in Millions	9 Months Ended
	Sep. 30, 2012 USD ($)
Commitments and contingencies
Period for which litigation proceedings and other disputes have not been the subject of discussions or other significant activity	5 years
Accrued contingent liability	$ 5.0

SUBSEQUENT EVENT (Details) $ in Millions		1 Months Ended			9 Months Ended	12 Months Ended
SUBSEQUENT EVENT (Details) $ in Millions	Oct. 03, 2012 USD ($)	Oct. 31, 2012	Sep. 30, 2012	Nov. 30, 2011 item	Sep. 30, 2012	Dec. 31, 2011 USD ($)	Oct. 29, 2012 USD ($)
Subsequent event
Amount received from Universal Service Fund to support our U.S. wireless business						$ 9.9
Rate per year at which FCC began phasing out existing USF support (as a percent)					20.00%
Phase out period of existing USF support as part of FCC's reform program					5 years
Number of new replacement funds created as part of the USF reform program \| item				2
Government of Guyana \| Guyana Telephone and Telegraph, Ltd.
Subsequent event
Ownership interest percentage			20.00%
Letter of credit sub-facility \| Amended Credit Facility
Subsequent event
Maximum borrowing capacity							$ 55.0
Fee as a percentage on outstanding amount		1.75%
Subsequent event \| Letter of credit sub-facility \| Amended Credit Facility
Subsequent event
Maximum borrowing capacity							$ 55.0
Fee as a percentage on outstanding amount		1.75%
Subsequent event \| Scenario forecast
Subsequent event
Amount provisionally awarded by the FCC as part of new mobility fund	$ 68.8
Amount provisionally awarded by the FCC as part of new mobility fund for voice network	$ 68.8