UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 3, 2016
ATLANTIC TELE-NETWORK, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-12593 |
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47-0728886 |
(State or other |
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(Commission File Number) |
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(IRS Employer |
jurisdiction of incorporation) |
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Identification No.) |
600 Cummings Center
Beverly, MA 01915
(Address of principal executive offices and zip code)
(978) 619-1300
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets.
On May 3, 2016, Atlantic Tele-Network, Inc. (the Company) completed its previously announced acquisition of a controlling interest in KeyTech, Limited (KeyTech) and the business combination of KeyTech with its subsidiary providing wireless services under the CellOne name in Bermuda. The purchase price was approximately $42 million and was funded with cash on hand.
On May 4, 2016, the Company issued a press release announcing the completion of the acquisition, a copy of which is furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 2.01. The information in Exhibit 99.1 shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired
Any financial statements required to be filed in connection with the acquisition described in Item 2.01 will be filed as an amendment to this Form 8-K as soon as practicable, but no later than 71 calendar days after the date on which this Form 8-K was required to be filed
(b) Pro forma financial information
Any pro forma financial information required to be filed in connection with the acquisition described in Item 2.01 will be filed as an amendment to this Form 8-K as soon as practicable, but no later than 71 calendar days after the date on which this Form 8-K was required to be filed.
(d) Exhibits
Exhibit |
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Number |
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Description |
99.1 |
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Press release of the Company, dated May 4, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ATLANTIC TELE-NETWORK, INC. | |
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By: |
/s/ Justin D. Benincasa |
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Justin D. Benincasa |
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Chief Financial Officer |
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Dated: May 4, 2016 |
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Exhibit 99.1
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NEWS RELEASE |
FOR IMMEDIATE RELEASE |
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CONTACT: |
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Atlantic Tele-Network, Inc. |
May 4, 2016 |
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Michael T. Prior |
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Chief Executive Officer |
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978-619-1300 |
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Justin D. Benincasa |
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Chief Financial Officer |
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978-619-1300 |
ATN Announces Completion of KeyTech Transaction
BEVERLY, MA, May 4, 2016 ATN (NASDAQ:ATNI) today announced that it has completed its acquisition of a controlling interest in Bermuda telecommunications company KeyTech Limited (BSX:KEY.BH). The transaction combines Bermuda Digital Communications, a leading mobile provider in Bermuda doing business under the CellOne name, in the same corporate structure with KeyTech, a Bermuda company that provides voice, broadband, and cable television services under the Logic name in Bermuda and the Cayman Islands. ATN will consolidate the results of KeyTechs operations in its International Telecom segment.
About ATN
Atlantic Tele-Network, Inc. (Nasdaq:ATNI), headquartered in Beverly, Massachusetts, provides telecommunications services to rural, niche and other under-served markets and geographies in the United States, Bermuda and the Caribbean and owns and operates solar power systems in select locations in the United States. Through our operating subsidiaries, we (i) provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services, (ii) provide distributed solar electric power to corporate, utility and municipal customers and (iii) are the owner and operator of terrestrial and submarine fiber optic transport systems. For more information, please visit www.atni.com.
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