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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2017	May 09, 2017
Document and Entity Information
Entity Registrant Name	ATN International, Inc.
Entity Central Index Key	0000879585
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		16,191,297
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 265,537	$ 269,721
Restricted cash	714	524
Short-term investments	8,711	9,237
Accounts receivable, net of allowances of $13.5 million and $13.1 million, respectively	48,485	45,419
Materials and supplies	15,414	14,365
Prepayments and other current assets	37,769	28,103
Total current assets	376,630	367,369
Fixed Assets:
Property, plant and equipment	1,123,993	1,138,362
Less accumulated depreciation	(484,770)	(490,650)
Net fixed assets	639,223	647,712
Telecommunication licenses, net	48,260	48,291
Goodwill	62,873	62,873
Customer relationships, net	13,949	15,029
Restricted cash	16,153	18,113
Other assets	36,312	38,831
Total assets	1,193,400	1,198,218
Current Liabilities:
Current portion of long-term debt	12,529	12,440
Accounts payable and accrued liabilities	104,433	92,708
Dividends payable	5,505	5,487
Accrued taxes	22,099	13,531
Advance payments and deposits	16,986	25,529
Other current liabilities	273	410
Total current liabilities	161,825	150,105
Deferred income taxes	46,146	46,622
Other liabilities	31,606	47,939
Long-term debt, excluding current portion	139,870	144,383
Total liabilities	379,447	389,049
Commitments and contingencies (Note 11)
ATN International, Inc. 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; 17,057,056 and 16,971,634 shares issued, respectively, and 16,190,995 and 16,138,983 shares outstanding respectively	169	169
Treasury stock, at cost; 866,061 and 832,652 shares, respectively	(25,343)	(23,127)
Additional paid-in capital	161,568	160,176
Retained earnings	539,288	538,109
Accumulated other comprehensive income	3,871	1,728
Total ATN International, Inc. stockholders’ equity	679,553	677,055
Non-controlling interests	134,400	132,114
Total equity	813,953	809,169
Total liabilities and equity	$ 1,193,400	$ 1,198,218

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowances (in dollars)	$ 13.5	$ 13.1
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	17,057,056	16,971,634
Common stock, shares outstanding	16,190,995	16,138,983
Treasury stock, shares	866,061	832,652

CONSOLIDATED INCOME STATEMENTS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
REVENUE:
Total revenue	$ 128,115	$ 89,686
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):
Termination and access fees	30,458	19,717
Engineering and operations	19,667	10,510
Sales and marketing	9,021	5,756
Equipment expense	2,545	3,229
General and administrative	24,349	16,372
Transaction-related charges	677	3,655
Depreciation and amortization	22,494	14,554
Loss on disposition of long-lived assets	1,111
Total operating expenses	110,322	73,793
Income from operations	17,793	15,893
OTHER INCOME (EXPENSE)
Interest income	286	348
Interest expense	(2,316)	(826)
Loss on deconsolidation of subsidiary	(529)
Other (expense) income, net	(522)	14
Other expense, net	(3,081)	(464)
INCOME BEFORE INCOME TAXES	14,712	15,429
Income taxes	3,128	4,631
NET INCOME	11,584	10,798
Net income attributable to non-controlling interests, net of tax expense (benefit) of $0.3 million and $(0.1) million, respectively	(4,725)	(4,678)
NET INCOME ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS	$ 6,859	$ 6,120
NET INCOME PER WEIGHTED AVERAGE SHARE ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS:
Basic (in dollars per share)	$ 0.42	$ 0.38
Diluted (in dollars per share)	$ 0.42	$ 0.38
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	16,157	16,092
Diluted (in shares)	16,246	16,198
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)	$ 0.34	$ 0.32
Wireless
REVENUE:
Total revenue	$ 56,230	$ 58,878
Wireline
REVENUE:
Total revenue	63,800	22,445
Renewable energy
REVENUE:
Total revenue	4,900	5,589
Equipment and other
REVENUE:
Total revenue	$ 3,185	$ 2,774

CONSOLIDATED INCOME STATEMENTS (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONSOLIDATED INCOME STATEMENTS
Noncontrolling interest income tax expense (benefit)	$ 0.3	$ (0.1)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 11,584	$ 10,798
Other comprehensive income:
Foreign currency translation adjustment	1,930	3
Reclassifications of gains on sale of marketable securities to net income	(289)
Unrealized loss on marketable securities	(41)
Projected pension benefit obligation	513
Other comprehensive income, net of tax	2,113	3
Comprehensive income	13,697	10,801
Less: Comprehensive income attributable to non-controlling interests	(4,725)	(4,678)
Comprehensive income attributable to ATN International, Inc.	$ 8,972	$ 6,123

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 11,584	$ 10,798
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	22,494	14,554
Provision for doubtful accounts	854	71
Amortization and write off of debt discount and debt issuance costs	112	118
Stock-based compensation	1,666	1,728
Loss on disposition of long-lived assets	1,111
Loss on deconsolidation of subsidiary	529
Other non-cash activity	375
Changes in operating assets and liabilities, excluding the effects of acquisitions:
Accounts receivable	(5,860)	(9,794)
Materials and supplies, prepayments, and other current assets	(1,789)	(1,425)
Prepaid income taxes	995
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities	(14,465)	1,652
Accrued taxes	4,341	4,363
Other assets	2,033	(2,022)
Other liabilities	8,109	8,286
Net cash provided by operating activities	32,089	28,329
Cash flows from investing activities:
Capital expenditures	(45,702)	(16,445)
Purchase of marketable securities		(2,000)
Divestiture of businesses, net of transferred cash $2.1 million	22,597
Sale of short-term investments	484
Change in restricted cash	1,769	653
Net cash used in investing activities	(20,852)	(17,792)
Cash flows from financing activities:
Dividends paid on common stock	(5,487)	(5,145)
Distribution to non-controlling stockholders	(2,828)	(3,036)
Proceeds from stock option exercises		165
Principal repayments of term loan	(4,442)	(1,535)
Purchase of common stock	(2,121)	(1,929)
Repurchases of non-controlling interests	(819)
Investments made by minority shareholders in consolidated affiliates	69
Net cash used in financing activities	(15,628)	(11,480)
Effect of foreign currency exchange rates on cash and cash equivalents	207
Net change in cash and cash equivalents	(4,184)	(943)
Cash and cash equivalents, beginning of period	269,721	392,045
Cash and cash equivalents, end of period	$ 265,537	$ 391,102

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2017 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net of transferred cash	$ 2.1

ORGANIZATION AND BUSINESS OPERATIONS

3 Months Ended

Mar. 31, 2017

ORGANIZATION AND BUSINESS OPERATIONS

ORGANIZATION AND BUSINESS OPERATIONS

1.ORGANIZATION AND BUSINESS OPERATIONS

The Company is a holding company that, through our operating subsidiaries, (i) provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean, (ii) develops, owns and operates commercial distributed generation solar power systems in the United States and India, and (iii) owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean. The Company was incorporated in Delaware in 1987 and began trading publicly in 1991. Since that time, The Company has engaged in strategic acquisitions and investments to grow our operations. The Company continues to actively evaluate additional domestic and international acquisition, divestiture, and investment opportunities and other strategic transactions in the telecommunications, energy-related and other industries that meet our return-on-investment and other acquisition criteria.

The Company offers the following principal services:

Wireless. In the United States, the Company offers wholesale wireless voice and data roaming services to national, regional, local and selected international wireless carriers in rural markets located principally in the Southwest and Midwest United States. The Company also offers wireless voice and data services to retail customers in Bermuda, Guyana, and in other smaller markets in the Caribbean and the United States.

Wireline. The Company’s wireline services include local telephone and data services in Bermuda, Guyana, the U.S. Virgin Islands, and in other smaller markets in the Caribbean and the United States. The Company’s wireline services also include video services in Bermuda and the U.S Virgin Islands. Through March 8, 2017, the Company also offered facilities‑based integrated voice and data communications services and wholesale transport services to enterprise and residential customers in New England, primarily Vermont, and in New York State. In addition, the Company offers wholesale long‑distance voice services to telecommunications carriers.

Renewable Energy. In the United States, the Company provides distributed generation solar power to corporate, utility and municipal customers. Beginning in April 2016, the Company began developing projects in India to provide distributed generation solar power to corporate and utility customers. The Company began to generate revenue from the India project during the three months ended March 31, 2017.

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 March 31, 2017:


Segment	Services	Markets	Tradenames
U.S. Telecom	Wireless	United States (rural markets)	Commnet, Choice, Choice NTUA Wireless
	Wireline	United States	Essextel
International Telecom	Wireline	Bermuda, Guyana, U.S. Virgin Islands	GTT+, One, Innovative (now Viya), Logic
	Wireless	Bermuda, Guyana, U.S. Virgin Islands	One, GTT+, Innovative (now Viya), Choice (now Viya)
	Video Services	Bermuda, U.S. Virgin Islands, Cayman Islands, British Virgin Islands	One, Innovative (now Viya), Logic, BVI Cable TV
Renewable Energy	Solar	United States (Massachusetts, California, and New Jersey), India	Ahana Renewables, Vibrant Energy

The Company actively evaluates potential acquisitions, investment opportunities and other strategic transactions, both domestic and international, that meet its return on investment and other criteria. 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 subsidiaries are eliminated in consolidation.

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2017
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 Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 1, 2017. 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. Certain reclassifications have been made in the prior period financial statements to conform the Company’s consolidated income statements to how management analyzes its operations in the current period. The changes did not impact operating income. For the three months ended March 31, 2016 the aggregate impact of the changes included a decrease to termination and access fees of $1.2 million, an increase to engineering and operations expenses of $0.7 million, an increase to sales and marketing expenses of $0.6 million and a decrease to general and administrative expenses of $0.1 million. The Company’s effective tax rate for the three months ended March 31, 2017 and 2016 was 21.3% and 30.0%, respectively. The effective tax rate for the three months ended March 31, 2017 was primarily impacted by the following items (i) an approximate 7.2% benefit for the net capital loss due to the stock sales of the Company’s businesses in New England, New York and St. Maarten, and (ii) the mix of income generated among the jurisdictions in which it operates. The effective tax rate for the three months ended March 31, 2016 was primarily impacted by the mix of income generated among the jurisdictions in which it operates. The Company’s effective tax rate is based upon estimated income before provision for income taxes for the year, composition of the income in different countries, and adjustments, if any, in the applicable quarterly periods for potential tax consequences, benefits and/or resolutions of tax contingencies. The Company’s consolidated tax rate will continue to be impacted by the mix of income generated among the jurisdictions in which it operates. Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”, which provides a single, comprehensive revenue recognition model for all contracts with customers. The revenue standard is based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. On July 9, 2015, the FASB approved the deferral of the new standard's effective date by one year. The new standard is now effective for annual reporting periods beginning after December 15, 2017. The FASB will permit companies to adopt the new standard early, but not before the original effective date of annual reporting periods beginning after December 15, 2016. In March 2016, the FASB issued ASU 2016-08, “Principal Versus Agent Considerations (Reporting Revenue Gross Versus Net).” In April 2016, the FASB issued ASU 2016-10, “Identifying Performance Obligations and Licensing.” In May 2016, the FASB issued ASU 2016-12, “Narrow-Scope Improvements and Practical Expedients.” In December 2016, the FASB issued Accounting Standards Update 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.” These updates provide additional adoption guidance and clarification to ASU 2014-09. The amendments must be adopted concurrently. The Company is currently evaluating the overall impact and the method of adoption of ASU 2014-09, including the latest developments from the Transition Resources Group. Areas most likely impacted may include, but not be limited to, the following: the timing of revenue recognition and the allocation of revenue between equipment and services, In addition, the new standard may require certain amounts be recorded in accounts receivable and deferred revenues on the balance sheet and enhanced disclosures around performance obligations. The Company does not currently know or cannot reasonably estimate quantitative information related to the impact of the new standard on our Consolidated Financial Statements. The Company will adopt the standard on January 1, 2018. Preliminarily, the Company plans to use the modified retrospective adoption method which requires it to apply the standard only to the most current period presented with the cumulative effect of applying the standard being recognized at the adoption date. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40),” which requires management to assess a company’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. ASU 2014-15 is effective for annual reporting periods ending after December 15, 2016. Early application is permitted. The Company adopted this guidance for the fourth quarter ended December 31, 2016. The adoption of this guidance did not impact The Company’s Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement”, which provides guidance about whether a cloud computing arrangement includes software and how to account for that software license. The new guidance does not change the accounting for a customer’s accounting for service contracts. The adoption of ASU 2015-05 by the Company on January 1, 2017 did not have a material impact on the Company’s financial position, result of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”, which provides comprehensive lease accounting guidance. The standard requires entities to recognize lease assets and liabilities on the balance sheet as well as disclosure of key information about leasing arrangements. ASU 2016-02 will become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of the new guidance on its Consolidated Financial Statements. In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The standard is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The Company adopted ASU 2016-09 on January 1, 2017. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid-in capital pools. This had no impact on the Company’s historical results. Also as a result of the adoption, the Company changed its policy election to account for forfeitures as they occur rather than on an estimated basis. The change resulted in the Company reclassifying $0.3 million from additional paid-in capital to retained earnings for the net cumulative-effect adjustment in stock compensation expense related to prior periods. In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which provides further clarification on eight cash flow classification issues. The standard further clarifies the classification of the following: (i) debt prepayment or debt extinguishment costs; (ii) settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; (iii) contingent consideration payments made after a business combination; (iv) proceeds from the settlement of insurance claims; (v) proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; (vi) distributions received from equity method investees; (vii) beneficial interests in securitization transactions; and (viii) separately identifiable cash flows and application of the predominance principle. ASU 2016-15 will become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. ASU 2016-15 should be applied using a retrospective transition method for each period presented. The Company is currently evaluating the impact of the new standard on its Consolidated Financial Statements. In October 2016 the FASB issued ASU 2016-16, “Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory”. The new standard eliminates for all intra-entity sales of assets other than inventory, the exception under current standards that permits the tax effects of intra-entity asset transfers to be deferred until the transferred asset is sold to a third party or otherwise recovered through use. As a result, a reporting entity would recognize the tax expense from the sale of the asset in the seller’s tax jurisdiction when the transfer occurs. Any deferred tax asset that arises in the buyer’s jurisdiction would also be recognized at the time of the transfer. The new standard will be effective for the Company on January 1, 2018. The Company is currently evaluating the potential impact that this standard may have on its results of operations. In November 2016, the FASB issued Accounting Standards Update 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash,” or ASU 2016-18. The amendments in ASU 2016-18 are intended to reduce diversity in practice related to the classification and presentation of changes in restricted or restricted cash equivalents on the statement of cash flows. The amendments in ASU 2016-18 require that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluation the potential impact that this standard may have on its Consolidated Financial Statements. In January 2017, the FASB issued Accounting Standards Update 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” or ASU 2017-01. The amendments in ASU 2017-01 provide a screen to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. Under ASU 2017-01, an entity first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the set is not a business. If it’s not met, the entity then evaluates whether the set meets the requirement that a business include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. ASU 2017-01 also narrows the definition of outputs by more closely aligning it with how outputs are described in ASC 606. ASU 2017-01 is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2017, with early adoption permitted. The Company prospectively adopted ASU 2017-01 in the fourth quarter of 2016. The standard will result in its accounting for more transactions as asset acquisitions as opposed to business combination. In January 2017, the FASB issued Accounting Standards Update 2017-04, “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” or ASU 2017-04. The amendments in ASU 2017-04 simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities. Instead, under the amendments in ASU 2017-04, an entity performs its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognizes an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, but not more than the total amount of goodwill allocated to the reporting unit. ASU 2017-04 is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the potential impact that this standard may have on its Consolidated Financial Statements.

USE OF ESTIMATES	3 Months Ended
USE OF ESTIMATES	Mar. 31, 2017
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 business combinations, fair value of indefinite-lived intangible assets, goodwill and income taxes. Actual results could differ significantly from those estimates.

ACQUISITIONS AND DISPOSITIONS

3 Months Ended

Mar. 31, 2017

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS

4. ACQUISITIONS AND DISPOSITIONS

International Telecom

One Communications (formerly KeyTech Limited)

On May 3, 2016, the Company completed our acquisition of a controlling interest in KeyTech Limited (“KeyTech”), a publicly held Bermuda company listed on the Bermuda Stock Exchange (“BSX”) that provides broadband and video services and other telecommunications services to residential and enterprise customers under the “Logic” name in Bermuda and the Cayman Islands. Subsequent to the completion of our acquisition of KeyTech, KeyTech changed its legal name to One Communications Ltd. and changed its “CellOne” and “Logic” trade names in Bermuda to One Communications (“One Communications”). Prior to our acquisition, One Communications also owned a minority interest of approximately 43% in the Company’s consolidated subsidiary, Bermuda Digital Communications Ltd. (“BDC”), which provides wireless services in Bermuda. As part of the transaction, the Company contributed its ownership interest of approximately 43% in BDC and approximately $42 million in cash in exchange for a 51% ownership interest in One Communications. As part of the transaction, BDC was merged with and into a company within the One Communications group and the approximate 15% interest in BDC held, in the aggregate, by BDC’s minority shareholders was converted into the right to receive common shares in One Communications. Following the transaction, BDC became wholly owned by One Communications, and One Communications continues to be listed on the BSX. A portion of the cash proceeds that One Communications received upon closing was used to fund a one-time special dividend to One Communications’ existing shareholders and to retire One Communications subordinated debt. On May 3, 2016, the Company began consolidating the results of One Communications within our financial statements in our International Telecom segment.

The One Communications Acquisition was accounted for as a business combination of a controlling interest in One Communications in accordance with ASC 805, Business Combinations, and the acquisition of an incremental ownership interest in BDC in accordance with ASC 810, Consolidation. The total purchase consideration of $41.6 million of cash was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition.


Consideration Transferred
Cash consideration - One Communications	$ 34,518
Cash consideration - BDC	7,045
Total consideration transferred	41,563
Non-controlling interests - One Communications	32,909
Total value to allocate	$ 74,472
Value to allocate - One Communications	67,427
Value to allocate - BDC	7,045

Purchase price allocation One Communications:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Identifiable intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long term debt	(28,929)
Net assets acquired	74,731

Gain on One Communications bargain purchase	$ 7,304

Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired	2,940

Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105

The acquired property, plant and equipment is comprised of telecommunication equipment located in Bermuda and the Cayman Islands. The property, plant and equipment was valued using the income and cost approaches. Cash flows were discounted at approximately 15% rate to determine fair value under the income approach. The property, plant and equipment have useful lives ranging from 3 to 18 years and the customer relationships acquired have useful lives ranging from 9 to 12 years. The fair value of the non-controlling interest was determined using the income approach and a discount rate of approximately 15%. The acquired receivables consist of trade receivables incurred in the ordinary course of business. The Company has collected the full amount of the receivables.

The purchase price and resulting bargain purchase gain are the result of the market conditions and competitive environment in which One Communications operates along with the Company's strategic position and resources in those same markets. Each of the Company and One Communications realized that their combined resources could better serve customers in Bermuda. The bargain purchase gain is included in operating income for the year ended December 31, 2016.

Viya (formerly Innovative)

On July 1, 2016, the Company completed its acquisition of all of the membership interests of Caribbean Asset Holdings LLC (“CAH”), the holding company for the group of companies operating video services, Internet, wireless and landline services in the U.S. Virgin Islands, British Virgin Islands and through January 2017, St. Maarten (collectively, “Viya”), from the National Rural Utilities Cooperative Finance Corporation (“CFC”). In April 2017, the U.S. Virgin Islands operations and the Company’s existing wireless operations rebranded their tradenames from “Innovative” and “Choice”, respectively, to “Viya.” The Company acquired the Viya operations for a contractual purchase price of $145.0 million, reduced by purchase price adjustments of $5.3 million (the “Viya Transaction”). In connection with the transaction, the Company financed $60.0 million of the purchase price with a loan from an affiliate of CFC, the Rural Telephone Finance Cooperative (“RTFC”) on the terms and conditions of a Loan Agreement by and among RTFC, CAH and ATN VI Holdings, LLC, the parent entity of CAH and a wholly-owned subsidiary of the Company. The Company funded the remaining purchase price with (i) $51.9 million in cash paid to CFC, (ii) $22.5 million in additional cash paid directly to fund Viya’ s pension in the fourth quarter of 2016, and (iii) $5.3 million recorded as restricted cash to satisfy Viya’ s other postretirement benefit plans. On July 1, 2016, the Company began consolidating the results of Viya within its financial statements in its International Telecom segment.

The Viya Transaction was accounted as a business combination in accordance with ASC 805. The consideration transferred to CFC of $111.9 million, and used for the purchase price allocation, differed from the contractual purchase price of $145.0 million due to certain GAAP purchase price adjustments including a reduction of $5.3 million related to working capital adjustments and the Company assuming pension and other postretirement benefit liabilities of $27.8 million as discussed above. The Company transferred $51.9 million in cash and $60.0 million in loan proceeds to CFC for total consideration of $111.9 million that was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition. The table below represents the allocation of the consideration transferred to the net assets of Viya based on their acquisition date fair values:


Consideration Transferred	$ 111,860
Non-controlling interests	221
Total value to allocate	112,081

Purchase price allocation:
Cash	4,229
Accounts receivable	6,553
Materials & supplies	6,533
Other current assets	1,927
Property, plant and equipment	108,284
Telecommunication licenses	7,623
Goodwill	20,586
Intangible assets	7,800
Other Assets	4,394
Accounts payable and accrued liabilities	(15,971)
Advance payments and deposits	(7,793)
Deferred tax liability	(2,935)
Pension and other postretirement benefit liabilities	(29,149)
Net assets acquired	$ 112,081

The acquired property, plant and equipment is comprised of telecommunication equipment located in the U.S Virgin Islands, British Virgin Islands and St. Maarten. The property, plant and equipment was valued using the income and cost approaches. Cash flows were discounted between 14% and 25% based on the risk associated with the cash flows to determine fair value under the income approach. The property, plant and equipment have useful lives ranging from 1 to 18 years and the customer relationships acquired have useful lives ranging from 7 to 13 years. The fair value of the non-controlling interest was determined using the income approach with discount rates ranging from 15% to 25%. The acquired receivables consist of trade receivables incurred in the ordinary course of business. The Company has collected the full amount of the receivables. The Company recorded a liability equal to the funded status of the plans in its purchase price allocation. Discount rates between 3.6% and 3.9% were used to determine the benefit obligation.

The goodwill generated from the Viya Transaction is primarily related to value placed on the acquired employee workforces, service offerings, and capabilities of the acquired businesses as well as expected synergies from future combined operations. The goodwill is not deductible for income tax purposes.

The Company acquired Viya’s pension and other postretirement benefit plans as part of the transaction. The plans cover employees located in the U.S. Virgin Islands and consist of noncontributory defined benefit pension plans and noncontributory defined medical, dental, vision and life benefit plans. As noted above, the contractual purchase price included an adjustment related to the funded status of Viya’s pension and other postretirement benefit plans. As contemplated by the transaction, the Company contributed approximately $22.5 million during the fourth quarter of 2016 to Viya’s pension plans. This payment is recorded as a cash outflow from operations in the statement of cash flows as of December 31, 2016. At March 31, 2017, the Company held $5.1 million of restricted cash equal to the unfunded status of the other postretirement benefit plans. The cash is restricted due to the Company’s intent to use the cash to satisfy future postretirement benefit obligations.

Disposition

On January 3, 2017, the Company completed the sale of the Viya cable operations located in St.Maarten for $4.8 million and recognized a gain of $0.1 million on the transaction.

On December 15, 2016, the Company transferred control of its subsidiary in Aruba to another stockholder in a nonreciprocal transfer. Subsequent to that date, it no longer consolidated the results of the operations of the Aruba business. The Company did not recognize a gain or loss on the transaction.

The results of the St Maarten and Aruba operations are not material to the Company’s historical results of operations. Since the dispositions do not relate to a strategic shift in our operations, the historical results and financial position of the operations are presented within continuing operations.

U.S. Telecom

Acquisition

In July 2016, the Company acquired certain telecommunications fixed assets and the associated operations located in the western United States. The acquisition qualified as a business combination for accounting purposes. The Company transferred $9.1 million of cash consideration in the acquisition. The consideration transferred was allocated to $10.2 million of acquired fixed assets, $3.5 million of deferred tax liability, and $0.7 million to other net liabilities, resulting in goodwill of $3.1 million. Results of operations for the business are included in the U.S. Telecom segment and are not material to the Company’s historical results of operations.

Disposition

On August 4, 2016, the Company entered into a stock purchase agreement to sell its integrated voice and data communications and wholesale transport businesses in New England (“Sovernet”) to an affiliate of funds managed by Oak Hill Capital Management, LLC (“Oak Hill”). On March 8, 2017, the Company completed the sale for consideration of $25.9 million. The consideration includes $20.9 million of cash, $3.0 million of receivables, and $2.0 million of contingent consideration. The $3.0 million of receivables are held in escrow to satisfy working capital adjustments in favor of Oak Hill, to fund certain capital expenditure projects related to the assets sold and to secure the Company’s indemnification obligations. The contingent consideration represents the fair value of future payments related to certain operational milestones of the disposed assets. The value of the contingent consideration could be up to $4.0 million based on whether or not the operational milestones are achieved by December 31, 2017 (the “Sovernet Transaction”). The table below identifies the assets and liabilities transferred (amounts in thousands):



Consideration Transferred	$ 25,926

Assets and liabilities disposed
Cash	1,821
Accounts receivable	1,696
Inventory	639
Prepaid	1,034
Property, plant and equipment	25,294
Other Assets	288
Accounts payable and accrued liabilities	(1,718)
Advance payments and deposits	(1,897)
Net assets disposed	27,157

Consideration less net assets disposed	(1,231)

Transaction costs	(1,156)

Loss	$ (2,387)

The Company repurchased non-controlling interests from Sovernet’s minority shareholders for $0.7 million. The non-controlling interest had a book value of zero. Additionally the Company recorded a loss on deconsolidation of $0.5 million.

The Company incurred $1.1 million of transaction related charges pertaining to legal, accounting and consulting services associated with the transaction, of which $0.5 million were incurred during the three months ended March 31, 2017. Sovernet does not qualify as a discontinued operation because the disposition does not relate to a strategic shift in our operations.

Prior to the Sovernet Transaction, in the second quarter of 2016, the Company recorded an impairment loss of $11.1 million on assets related to Sovernet. The impairment consisted of a $3.6 million impairment of property, plant and equipment and $7.5 million impairment of goodwill.

Pro forma Results

The following table reflects unaudited pro forma operating results of the Company for the three months ended March 31, 2016 as if the One Communications and Viya Transactions occurred on January 1, 2016. The pro forma amounts adjust One Communications’ and Viya’s results to reflect the depreciation and amortization that would have been recorded assuming the fair value adjustments to property, plant and equipment and intangible assets had been applied from January 1, 2016. Also, the pro forma results were adjusted to reflect changes to the acquired entities’ financial structure related to the transaction. One Communications’ results reflect the retirement of $24.7 million of debt. Viya’s results reflect the retirement of $185.8 million of debt and the addition of $60 million of purchase price debt. Finally, ATN’s results were adjusted to reflect ATN’s incremental ownership in BDC. The pro forma results were not adjusted for the Renewable Energy transaction because it was not material to the Company’s historical results.

The pro forma results for the three months ended March 31, 2016 include $4.3 million of impairment charges recorded by One Communications prior to ATN’s acquisition of the business. Amounts are presented in thousands, except per share data.


	Three months ended March 31,
(unaudited)	2016
	As		As
	Reported		Adjusted
Revenue	$	89,686	$	135,859
Net income attributable to ATN International, Inc. Stockholders		6,120		6,061
Earnings per share:
Basic		0.38		0.38
Diluted		0.38		0.37

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

Renewable Energy

Vibrant Energy

On April 7, 2016, the Company completed its acquisition of a solar power development portfolio in India from Armstrong Energy Global Limited (“Armstrong”), a well-known developer, builder, and owner of solar farms (the “Vibrant Energy Acquisition”). The business operates under the name Vibrant Energy. The Company also retained several Armstrong employees in the UK and India who are employed by the Company to oversee the development, construction and operation of the India solar projects. The projects to be developed initially are located in the states of Andhra Pradesh and Telangana and are based on a commercial and industrial business model, similar to the Company’s existing renewable energy operations in the United States. As of April 7, 2016, the Company began consolidating the results of Vibrant Energy in its financial statements within its Renewable Energy segment.

The Vibrant Energy Acquisition was accounted for as a business combination in accordance with ASC 805. The total purchase consideration of $6.2 million was allocated to the assets acquired and liabilities assumed at their estimated fair values as of the date of the acquisition. The table below represents the allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):


Consideration Transferred	$ 6,193


Purchase price allocation:
Cash	$ 136
Prepayments and other assets	636
Property, plant and equipment	7,321
Goodwill	3,279
Accounts payable and accrued liabilities	(5,179)
Net assets acquired	$ 6,193

The consideration transferred includes $3.5 million paid and $2.7 million payable at future dates, which is contingent upon the passage of time and achievement of initial production milestones which are considered probable. The acquired property, plant and equipment is comprised of solar equipment and the accounts payable and accrued liabilities consists mainly of amounts payable for certain asset purchases. The fair value of the property, plant, and equipment was based on recent acquisition costs for the assets, given their recent purchase dates from third parties. The goodwill is not deductible for income tax purposes and primarily relates to the assembled workforce of the business acquired.

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2017

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 and intangible assets that have been impaired 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 March 31, 2017 and December 31, 2016 are summarized as follows (in thousands):


	March 31, 2017
			Significant Other
	Quoted Prices in		Observable
	Active Markets		Inputs
Description	(Level 1)		(Level 2)		Total
Certificates of deposit	$	—	$	391	$	391
Money market funds	$	19,785	$	—	$	19,785
Short term investments	$	1,259	$	7,452	$	8,711
Commercial Paper	$	—	$	50,038	$	50,038
Total assets measured at fair value	$	21,044	$	57,881	$	78,925


	December 31, 2016
			Significant Other
	Quoted Prices in		Observable
	Active Markets		Inputs
Description	(Level 1)		(Level 2)		Total
Certificates of deposit	$	—	$	391	$	391
Money market funds	$	29,027	$	—	$	29,027
Short term investments	$	1,751	$	7,486	$	9,237
Commercial Paper	$	—	$	29,981	$	29,981
Total assets measured at fair value	$	30,778	$	37,858	$	68,636

Certificate of Deposit

As of March 31, 2017 and March 31, 2016, this asset class consisted of a time deposit at a financial institution denominated in U.S. dollars. The asset class is classified within Level 2 of the fair value hierarchy because the fair value was based on observable market data.

Money Market Funds

As of March 31, 2017 and March 31, 2016, this asset class consisted of 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.

Short Term Investments and Commercial Paper

As of March 31, 2017, this asset class consisted of short term foreign and U.S. corporate bonds and equity securities. Corporate bonds are classified within Level 2 of the fair value hierarchy because the fair value is based on observable market data. Equity securities are classified within Level 1 because fair value is based on quoted market prices in active markets for identical assets.

Other Fair Value Disclosures

The carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable and accrued expenses approximate their fair values because of the relatively short-term maturities of these financial instruments.

The fair value of marketable securities is estimated using Level 2 inputs. At March 31, 2017, the fair value of marketable securities approximated its carrying amount of $2.0 million and is included in other assets on the consolidated balance sheet.

The fair value of long-term debt is estimated using Level 2 inputs. At March 31, 2017, the fair value of long-term debt, including the current portion, was $155.6 million and its book value was $152.4 million. At December 31, 2016, the fair value of long-term debt, including the current portion, was $159.9 million and its book value was $156.8 million.

- 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 + Details

LONG-TERM DEBT	3 Months Ended
LONG-TERM DEBT	Mar. 31, 2017
LONG-TERM DEBT
LONG-TERM DEBT	6. LONG-TERM DEBT On December 19, 2014, the Company amended and restated its then existing credit facility with CoBank, ACB and a syndicate of other lenders to provide for a $225 million revolving credit facility (the “Credit Facility”) that includes (i) up to $10 million under the Credit Facility for standby or trade letters of credit, (ii) up to $25 million under the Credit Facility for letters of credit that are necessary or desirable to qualify for disbursements from the FCC’s mobility fund and (iii) up to $10 million under a swingline sub-facility. Amounts the Company may borrow under the Credit Facility bear interest at a rate equal to, at its option, either (i) the London Interbank Offered Rate (LIBOR) plus an applicable margin ranging between 1.50% to 1.75% or (ii) a base rate plus an applicable margin ranging from 0.50% to 0.75%. Swingline loans will bear interest at the base rate plus the applicable margin for base rate loans. The base rate is equal to the higher of (i) 1.00% plus the higher of (x) the one-week LIBOR and (y) the one-month LIBOR; (ii) the federal funds effective rate (as defined in the Credit Facility) plus 0.50% per annum; and (iii) the prime rate (as defined in the Credit Facility). The applicable margin is determined based on the ratio (as further defined in the Credit Facility) of the Company’s indebtedness to EBITDA. Under the terms of the Credit Facility, the Company must also pay a fee ranging from 0.175% to 0.250% of the average daily unused portion of the Credit Facility over each calendar quarter. On January 11, 2016, the Company amended the Credit Facility (the “Amendment”) to provide for lender consent to, among other actions, (i) the contribution by the Company of all of its equity interests in ATN Bermuda Holdings, Ltd. to ATN Overseas Holdings, Ltd. in connection with the One Communications Transaction, and subject to the closing of the One Communications Transaction, a one-time, non-pro rata cash distribution by One Communications in an aggregate amount not to exceed $13.0 million to certain of One Communications’ shareholders; and (ii) the incurrence by certain subsidiaries of the Company of secured debt in an aggregate principal amount not to exceed $60.0 million in connection with the Company’s option to finance a portion of the Viya Transaction. The Amendment increases the amount the Company is permitted to invest in “unrestricted” subsidiaries of the Company, which are not subject to the covenants of the Credit Facility, from $275.0 million to $400.0 million (as such increased amount shall be reduced from time to time by the aggregate amount of certain dividend payments to the Company’s stockholders). The Amendment also provides for the incurrence by the Company of incremental term loan facilities, when combined with increases to revolving loan commitments under the Credit Facility, in an aggregate amount not to exceed $200.0 million, which facilities shall be subject to certain conditions, including pro forma compliance with the total net leverage ratio financial covenant under the Credit Facility. On April 14, 2017, the Company further amended the Credit Facility to increase the amount One Communications Debt (as defined below) to an aggregate amount of $60.0 million. The Credit Facility contains customary representations, warranties and covenants, including a financial covenant that imposes a maximum ratio of indebtedness to EBITDA as well as 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 Credit Facility contains a financial covenant by us that imposes a maximum ratio of indebtedness to EBITDA. As of March 31, 2017, the Company was in compliance with all of the financial covenants of the Credit Facility. As of March 31, 2017, the Company had no borrowings under the Credit Facility and approximately $5.9 million of outstanding letters of credit. Ahana Debt On December 24, 2014, in connection with the Ahana Acquisition, the Company assumed $38.9 million in long-term debt (the “Original Ahana Debt”). The Original Ahana Debt included multiple loan agreements with banks that bore interest at rates between 4.5% and 6.0%, matured at various times between 2018 and 2023 and were secured by certain solar facilities. Repayment of the Original Ahana Debt was being made in cash on a monthly basis until maturity. The Original Ahana Debt also included a loan from Public Service Electric & Gas (the “PSE&G Loan”). The PSE&G Loan bears interest at 11.3%, matures in 2027, and is secured by certain solar facilities. Repayment of the Original Ahana Debt with PSE&G can be made in either cash or solar renewable energy credits (“SRECs”), at the Company’s discretion, with the value of the SRECs being fixed at the time of the loan’s closing. Historically, the Company has made all repayments of the PSE&G Loan using SRECs. On December 19, 2016, Ahana’s wholly owned subsidiary, Ahana Operations, issued $20.6 million in aggregate principal amount of 4.427% senior notes due 2029 (the “Series A Notes”) and $45.2 million in aggregate principal amount of 5.327% senior notes due 2031 (the “Series B Notes” and collectively with the Series A Notes and the PSE&G Loan, the “Ahana Debt”). Interest and principal are payable semi-annually beginning on March 31, 2017, until the respective maturity dates of March 31, 2029 (for the Series A Notes) and September 30, 2031 (for the Series B Notes). Cash flows generated by the solar projects that secure the Series A Notes and Series B Notes are only available for payment of such debt and are not available to pay other obligations or the claims of the creditors of Ahana or its subsidiaries. However, subject to certain restrictions, Ahana Operations holds the right to the excess cash flows not needed to pay the Series A Notes and Series B Notes and other obligations arising out of the securitizations. The Series A and Series B Notes are secured by certain assets of Ahana and are guaranteed by certain of its subsidiaries. A portion of the proceeds from the issuances of the Series A Notes and Series B Notes were used to repay the Original Ahana Debt in full except for the PSE &G Loan which remained outstanding after the refinancing. The Series A Notes and the Series B Notes contain customary representations, warranties and certain affirmative and negative covenants, which limit additional indebtedness, liens, guaranties, mergers and consolidations, substantial asset sales, investments and loans, sale and leasebacks, transactions with affiliates and fundamental changes. The Series A Notes and Series B Notes are subject to financial covenants that imposes 1) a maximum debt service coverage ratio and 2) a maximum ratio of the present value of Ahana’s future cash flow to the aggregate principal amounts of all outstanding obligations. These financial covenants are tested semi-annually basis for Ahana Operations on a consolidated basis and on an individual basis for certain subsidiaries. Both the Series A Notes and Series B Notes may be redeemed at any time, in whole or part, subject to a make-whole premium. As of March 31, 2017, the Company was in compliance with all of the financial covenants of the Series A Notes and the Series B Notes. As of March 31, 2017, $2.1 million of the Original Ahana Debt and $64.6 million of the Series A Notes and Series B Notes remained outstanding. One Communications Debt In connection with the One Communications Transaction on May 3, 2016, the Company assumed $35.4 million in debt (the “One Communications Debt”) in the form of a loan from HSBC Bank Bermuda Limited. The One Communications Debt matures in 2021, bears interest at the three-month LIBOR rate plus a margin of 3.25%, and repayment is made quarterly until maturity. The One Communications Debt contains customary representations, warranties and affirmative and negative covenants (including limitations on additional debt, guaranties, sale of assets and liens) and a financial covenant that limits the maximum ratio of indebtedness less cash to annual operating cash flow. The debt is also subject to certain financial covenants that are tested at the end of each fiscal year: 1) a minimum ratio of free cash flow to debt service requirement; 2) maximum ratio of net debt to EBITDA; and 3) a minimum ratio of consolidated EBIT to net interest costs. The debt is secured by the property and assets of certain One Communications subsidiaries. As of March 31, 2017, the Company was in compliance with all of the financial covenants. As of March 31, 2017, $28.9 million of the One Communications Debt remained outstanding. Viya Debt (formerly Innovative Debt) The Viya Debt agreement contains customary representations, warranties and affirmative and negative covenants (including limitations on additional debt, guaranties, sale of assets and liens) and a financial covenant that limits the maximum ratio of indebtedness less cash to annual operating cash flow. The covenant is tested on an annual basis commencing fiscal 2017. Interest is paid quarterly and principal repayment is not required until maturity on July 1, 2026. Prepayment of the Viya Debt may be subject to a fee under certain circumstance. The debt is secured by certain assets of the Company’s Viya subsidiaries. The Company paid a fee of $0.9 million to lock the interest rate at 4% per annum over the term of the debt. The fee was recorded as a reduction to the debt carrying amount and will be amortized over the life of the loan. As of March 31, 2017, $60.0 million of the Viya Debt remained outstanding and $0.8 million of the rate lock fee was unamortized.

GOVERNMENT GRANTS	3 Months Ended
GOVERNMENT GRANTS	Mar. 31, 2017
GOVERNMENT GRANTS
GOVERNMENT GRANTS	7. GOVERNMENT GRANTS The Company has received funding from the U.S. Government and its agencies under Stimulus and Universal Services Fund programs. These are generally designed to fund telecommunications infrastructure expansion into rural or underserved areas of the United States. The fund programs are evaluated to determine if they represent funding related to capital expenditures (capital grants) or operating activities (income grants). Phase I Mobility Fund Grants As part of the Federal Communications Commission’s (“FCC”) reform of 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, the FCC created the Phase I Mobility Fund (“Phase I Mobility Fund”), a one-time award meant to support wireless coverage in underserved geographic areas in the United States. The Company has received $21.1 million of Phase I Mobility Fund support to its wholesale wireless business (the “Mobility Funds”) to expand voice and broadband networks in certain geographic areas in order to offer either 3G or 4G coverage. As part of the receipt of the Mobility Funds, the Company committed to comply with certain additional FCC construction and other requirements. A portion of these funds will be used to offset network capital costs and a portion is used to offset the costs of supporting the networks for a period of five years from the award date. In connection with its application for the Mobility Funds, the Company has issued approximately $5.9 million in letters of credit, which are outstanding as of March 31, 2017, to the Universal Service Administrative Company (“USAC”) to secure these obligations. If the Company fails to comply with any of the terms and conditions upon which the Mobility Funds were granted, or if it loses eligibility for the Mobility Funds, USAC will be entitled to draw the entire amount of the letter of credit applicable to the affected project plus penalties. The Mobility Funds projects and their results are included within our U.S. Telecom segment. As of March 31, 2017, the Company had received approximately $21.1 million in Mobility Funds. Of these funds, $7.2 million was recorded as an offset to the cost of the property, plant, and equipment associated with these projects and, consequentially, a reduction of future depreciation expense. The remaining $13.9 million received offsets operating expenses, of which $6.1 million has been recorded to date, $5.9 million is recorded within current liabilities, and the remaining $1.9 million is recorded within long term liabilities in the Company’s consolidated balance sheet as of March 31, 2017. The balance sheet presentation is based on the timing of the expected usage of the funds which will reduce future operations expenses through the expiration of the arrangement in July 2018.

EQUITY

3 Months Ended

Mar. 31, 2017

EQUITY

EQUITY

8. EQUITY

Stockholders’ equity was as follows (in thousands):


	Three months ended March 31,
	2017						2016
	ATN		Non-Controlling				ATN		Non-Controlling		Total
	International, Inc.		Interests		Total Equity		International, Inc.		Interests		Equity
Equity, beginning of period	$	677,055	$	132,114	$	809,169	$	680,299	$	81,425	$	761,724
Stock-based compensation		1,666		—		1,666		1,728		—		1,728
Comprehensive income:		0		0						0
Net income		6,859		4,725		11,584		6,120		4,678		10,798
Pension		513		—		513		—		—		—
Reclassifications of gains on sale of marketable securities to net income		(289)		—		(289)		—		—		—
Unrealized loss on marketable securities		(41)		—		(41)		—		—		—
Foreign Currency translation adjustment		1,930		—		1,930		3		—		3
Total comprehensive income		8,972		4,725		13,697		6,123		4,678		10,801
Issuance of common stock upon exercise of stock options		95		—		95		582		—		582
Dividends declared on common stock		(5,460)		—		(5,460)		(5,166)		—		(5,166)
Distributions to non-controlling interests		—		(2,888)		(2,888)		—		(3,090)		(3,090)
Investments made by non-controlling interests		—		69		69		—		—		—
Loss on deconsolidation of subsidiary		—		529		529		—		—		—
Change in accounting method- adoption of ASC 2016-09		110		—		110		—		—		—
Repurchase of non-controlling interests		(670)		(149)		(819)		—		—		—
Purchase of treasury stock		(2,215)		—		(2,215)		(2,348)		—		(2,348)
Equity, end of period	$	679,553	$	134,400	$	813,953	$	681,218	$	83,013	$	764,231

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2017

NET INCOME PER SHARE

NET INCOME PER SHARE

9. NET INCOME PER SHARE

For the three months ended March 31, 2017 and 2016, outstanding stock options were the only potentially dilutive securities. The reconciliation from basic to diluted weighted average shares of common stock outstanding is as follows (in thousands):


	Three months ended March 31,
	2017	2016
Basic weighted-average shares of common stock outstanding	16,157	16,092
Stock options	89	106
Diluted weighted-average shares of common stock outstanding	16,246	16,198

The above calculation for the three months ended March 31, 2017 and 2016, does not include approximately 5,000 shares related to certain stock options because the effect of such options were anti-dilutive.

SEGMENT REPORTING

3 Months Ended

Mar. 31, 2017

SEGMENT REPORTING

SEGMENT REPORTING

10. SEGMENT REPORTING

The Company updated its reportable operating segments in the first quarter of 2016 to align with how management began to allocate resources and assess the performance of its business operations. The Company’s reportable segments consist of the following: i) U.S. Telecom, consisting of the Company’s former U.S. Wireless and U.S. Wireline segments, ii) International Telecom, consisting of the Company’s former Island Wireless and International Integrated Telephony segments and the results of its One Communications (formerly KeyTech, Ltd.) and Viya Acquisitions as discussed below, and iii) Renewable Energy, consisting of the Company’s former Renewable Energy segment and the results of its Vibrant Energy Acquisition.

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


For the Three Months Ended March 31, 2017

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
Revenue
Wireless	$	37,162	$	19,068	$	—	$	—	$	56,230
Wireline		6,051		57,749		—		—		63,800
Renewable Energy		—		—		4,900		—		4,900
Equipment and Other		579		2,474		132		—		3,185
Total Revenue		43,792		79,291		5,032		—		128,115
Depreciation and amortization		6,551		13,117		1,454		1,372		22,494
Non-cash stock-based compensation		—		129		29		1,508		1,666
Operating income (loss)		16,617		9,966		1,441		(10,231)		17,793


For the Three Months Ended March 31, 2016

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
Revenue
Wireless	$	39,464	$	19,414	$	—	$	—	$	58,878
Wireline		6,046		16,399		—		—		22,445
Renewable Energy		—		—		5,589		—		5,589
Equipment and Other		688		2,086		—		—		2,774
Total Revenue		46,198		37,899		5,589		—		89,686
Depreciation and amortization		5,654		6,341		1,207		1,352		14,554
Non-cash stock-based compensation		—		—		28		1,700		1,728
Operating income (loss)		16,746		7,737		63		(8,653)		15,893

(1) Reconciling items refer to corporate overhead costs and consolidating adjustments



	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
March 31, 2017
Cash, Cash equivalents, and Investments	$	16,143	$	97,104	$	18,312	$	142,689	$	274,248
Total current asset		46,955		146,696		27,177		155,802		376,630
Fixed assets, net		102,366		368,372		152,891		15,594		639,223
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		209,026		595,135		198,858		190,381		1,193,400
Total current liabilities		38,469		85,774		16,108		21,474		161,825
Total debt		—		88,120		64,279		—		152,399
December 31, 2016
Cash, Cash equivalents, and Investments	$	22,235	$	97,681	$	27,378	$	131,664	$	278,958
Total current asset		50,983		143,201		37,440		135,745		367,369
Fixed assets, net		129,274		372,741		130,268		15,429		647,712
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		240,006		597,454		190,253		170,505		1,198,218
Total current liabilities		23,162		95,502		12,603		18,838		150,105
Total debt		—		91,316		65,507		—		156,823


		Capital Expenditures

		U.S.		International		Renewable		Reconciling
Three months ended March 31,		Telecom		Telecom		Energy		Items (1)		Consolidated
2017	$	6,044	$	16,666	$	21,788	$	1,204	$	45,702
2016		7,561		7,774		—		1,110		16,445

(1)

Reconciling items refer to corporate overhead costs and consolidating adjustments.

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2017
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 below, 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. As of March 31, 2017 the Company had approximately $5.9 million in letters of credit payable to USAC outstanding to cover its Mobility Fund obligations and there were no drawdowns against these letters of credit. The letters of credit accrue a fee at a rate of 1.75% per annum on the outstanding amounts. If the Company fails to comply with certain terms and conditions upon which the Mobility Funds are to be granted, or if it loses eligibility for Mobility Fund support, USAC will be entitled to draw the entire amount of the letter of credit applicable to the affected project including penalties. The Company is in compliance with all applicable terms and conditions. The results of the Company’s Mobility Fund projects are included in the Company’s “U.S. Telecom” segment. Currently, the Company’s Guyana subsidiary, GTT, holds a license to provide domestic fixed services and international voice and data services in Guyana on an exclusive basis until December 2030. Since 2001, the Government of Guyana has stated its intention to introduce additional competition into Guyana’s telecommunications sector. In connection therewith, the Company and GTT have met on several occasions with officials of the Government of Guyana to discuss potential modifications of GTT’s exclusivity and other rights under the existing agreement and license. On July 18, 2016, the Guyana Parliament passed telecommunications legislation, and on August 5, 2016, the legislation was signed into law, that introduces material changes to many features of Guyana’s existing telecommunications regulatory regime with the intention of creating a more competitive market. The legislation does not have the effect of terminating the Company’s exclusive license. Instead the legislation as passed requires the Minister of Telecommunications to conduct further proceedings and issue implementing orders to enact the various provisions of the legislation, including the issuance of competing licenses. The Company cannot predict the manner in which it will be implemented by the Minister of Telecommunications. In December 2016 the Government of Guyana and the Company met to discuss modifications of the Company’s exclusivity rights and other rights under its existing agreement and license. Those discussions are on-going. However, there can be no assurance that those discussions will be concluded before the Government issues new licenses contemplated by the legislation or at all, or that they will satisfactorily address our contractual exclusivity rights. Although the Company believes that it would be entitled to damages or other compensation for any involuntary termination of its contractual exclusivity rights, it cannot guarantee that the Company would prevail in a proceeding to enforce its rights or that its actions would effectively halt any unilateral action by the Government. Historically, GTT has been subject to other litigation proceedings and disputes in Guyana that, while not conclusively resolved, to the Company’s knowledge have not been the subject of discussions or other significant activity in the last five years. It is possible, but not likely, that these disputes, as discussed below, 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 the Company’s consolidated financial position, results of operation or liquidity. In a letter dated September 8, 2006, the National Frequency Management Unit (“NFMU”) agreed that total spectrum fees in Guyana should not increase for the years 2006 and 2007. However, that letter implied that spectrum fees in 2008 and onward may be increased beyond the amount GTT agreed to with the Government. GTT has objected to the NFMU’s proposed action and reiterated its position that an increase in fees prior to development of an acceptable methodology would violate the Government’s prior agreement. In 2011, GTT paid the NFMU $2.6 million representing payments in full for 2008, 2009 and 2010. However, by letter dated November 23, 2011, the NFMU stated that it did not concur with GTT’s inference that the amount was payment in full for the specified years as it was their continued opinion that the final calculation for GSM spectrum fees was not agreed upon and was still an outstanding issue. By further letter dated November 24, 2011, the NFMU further rejected a proposal that was previously submitted jointly by GTT and another communications provider that outlined a recommended methodology for the calculation of these fees. The NFMU stated that it would prepare its own recommendation for consideration by the Minister of Telecommunications, who would decide the matter. GTT has paid undisputed spectrum fees according to the methodology used for its 2011 payments, and has reserved amounts payable according to this methodology. There have been limited further discussions on this subject and GTT has not had the opportunity to review any recommendation made to the Minister. On May 8, 2009, Digicel filed a lawsuit in Guyana challenging the legality of GTT’s exclusive license rights under Guyana’s constitution. Digicel initially filed this lawsuit against the Attorney General of Guyana in the High Court. On May 13, 2009, GTT petitioned to intervene in the suit in order to oppose Digicel’s claims and that petition was granted on May 18, 2009. GTT filed an answer to the charge on June 22, 2009 and the case is pending. The Company believes that any legal challenge to GTT’s exclusive license rights granted in 1990 is without merit and the Company intends to vigorously defend against such a legal challenge. GTT has filed several lawsuits in the High Court of Guyana asserting that, despite its denials, Digicel is engaged in international bypass in violation of GTT’s exclusive license rights, the interconnection agreement between the parties, and the laws of Guyana. GTT is seeking, among other things, injunctive relief to stop the illegal bypass activity, actual damages in excess of US$9 million and punitive damages of approximately US$5 million. Digicel filed counterclaims alleging that GTT has violated the terms of the interconnection agreement and Guyana laws. These suits, filed in 2010 and 2012, have yet to proceed to trial and it remains uncertain as to when a trial date may be set. GTT intends to vigorously prosecute these matters. GTT is also involved in several legal claims regarding its tax filings with the Guyana Revenue Authority dating back to 1991 regarding the deductibility of intercompany advisory fees as well as other tax assessments. Any liability GTT might be found to have with respect to the disputed tax assessments, totaling $44.1 million, would be offset in part by the amounts necessary to ensure that GTT’s return on investment was no less than 15% per annum for the relevant periods. The Company believes that some adverse outcome is probable and has accordingly accrued $5.0 million as of March 31, 2017 for these matters.

ORGANIZATION AND BUSINESS OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2017

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


Segment	Services	Markets	Tradenames
U.S. Telecom	Wireless	United States (rural markets)	Commnet, Choice, Choice NTUA Wireless
	Wireline	United States	Essextel
International Telecom	Wireline	Bermuda, Guyana, U.S. Virgin Islands	GTT+, One, Innovative (now Viya), Logic
	Wireless	Bermuda, Guyana, U.S. Virgin Islands	One, GTT+, Innovative (now Viya), Choice (now Viya)
	Video Services	Bermuda, U.S. Virgin Islands, Cayman Islands, British Virgin Islands	One, Innovative (now Viya), Logic, BVI Cable TV
Renewable Energy	Solar	United States (Massachusetts, California, and New Jersey), India	Ahana Renewables, Vibrant Energy

ACQUISITIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2017

Acquisitions and Dispositions

Schedule of pro forma results of operations

Amounts are presented in thousands, except per share data.


	Three months ended March 31,
(unaudited)	2016
	As		As
	Reported		Adjusted
Revenue	$	89,686	$	135,859
Net income attributable to ATN International, Inc. Stockholders		6,120		6,061
Earnings per share:
Basic		0.38		0.38
Diluted		0.38		0.37

Sovernet

Acquisitions and Dispositions

Schedule of assets and liabilities transferred

The table below identifies the assets and liabilities transferred (amounts in thousands):



Consideration Transferred	$ 25,926

Assets and liabilities disposed
Cash	1,821
Accounts receivable	1,696
Inventory	639
Prepaid	1,034
Property, plant and equipment	25,294
Other Assets	288
Accounts payable and accrued liabilities	(1,718)
Advance payments and deposits	(1,897)
Net assets disposed	27,157

Consideration less net assets disposed	(1,231)

Transaction costs	(1,156)

Loss	$ (2,387)

One Communications (formerly Keytech) and BDC

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values


Consideration Transferred
Cash consideration - One Communications	$ 34,518
Cash consideration - BDC	7,045
Total consideration transferred	41,563
Non-controlling interests - One Communications	32,909
Total value to allocate	$ 74,472
Value to allocate - One Communications	67,427
Value to allocate - BDC	7,045

Purchase price allocation One Communications:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Identifiable intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long term debt	(28,929)
Net assets acquired	74,731

Gain on One Communications bargain purchase	$ 7,304

Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired	2,940

Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105

Viya (formerly Innovative)

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values


Consideration Transferred	$ 111,860
Non-controlling interests	221
Total value to allocate	112,081

Purchase price allocation:
Cash	4,229
Accounts receivable	6,553
Materials & supplies	6,533
Other current assets	1,927
Property, plant and equipment	108,284
Telecommunication licenses	7,623
Goodwill	20,586
Intangible assets	7,800
Other Assets	4,394
Accounts payable and accrued liabilities	(15,971)
Advance payments and deposits	(7,793)
Deferred tax liability	(2,935)
Pension and other postretirement benefit liabilities	(29,149)
Net assets acquired	$ 112,081

Vibrant Energy

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below represents the allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):


Consideration Transferred	$ 6,193


Purchase price allocation:
Cash	$ 136
Prepayments and other assets	636
Property, plant and equipment	7,321
Goodwill	3,279
Accounts payable and accrued liabilities	(5,179)
Net assets acquired	$ 6,193

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 45
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+ Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2017

FAIR VALUE MEASUREMENTS

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

Assets and liabilities of the Company measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 are summarized as follows (in thousands):


	March 31, 2017
			Significant Other
	Quoted Prices in		Observable
	Active Markets		Inputs
Description	(Level 1)		(Level 2)		Total
Certificates of deposit	$	—	$	391	$	391
Money market funds	$	19,785	$	—	$	19,785
Short term investments	$	1,259	$	7,452	$	8,711
Commercial Paper	$	—	$	50,038	$	50,038
Total assets measured at fair value	$	21,044	$	57,881	$	78,925


	December 31, 2016
			Significant Other
	Quoted Prices in		Observable
	Active Markets		Inputs
Description	(Level 1)		(Level 2)		Total
Certificates of deposit	$	—	$	391	$	391
Money market funds	$	29,027	$	—	$	29,027
Short term investments	$	1,751	$	7,486	$	9,237
Commercial Paper	$	—	$	29,981	$	29,981
Total assets measured at fair value	$	30,778	$	37,858	$	68,636

EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

EQUITY

Schedule of stockholders' equity

Stockholders’ equity was as follows (in thousands):


	Three months ended March 31,
	2017						2016
	ATN		Non-Controlling				ATN		Non-Controlling		Total
	International, Inc.		Interests		Total Equity		International, Inc.		Interests		Equity
Equity, beginning of period	$	677,055	$	132,114	$	809,169	$	680,299	$	81,425	$	761,724
Stock-based compensation		1,666		—		1,666		1,728		—		1,728
Comprehensive income:		0		0						0
Net income		6,859		4,725		11,584		6,120		4,678		10,798
Pension		513		—		513		—		—		—
Reclassifications of gains on sale of marketable securities to net income		(289)		—		(289)		—		—		—
Unrealized loss on marketable securities		(41)		—		(41)		—		—		—
Foreign Currency translation adjustment		1,930		—		1,930		3		—		3
Total comprehensive income		8,972		4,725		13,697		6,123		4,678		10,801
Issuance of common stock upon exercise of stock options		95		—		95		582		—		582
Dividends declared on common stock		(5,460)		—		(5,460)		(5,166)		—		(5,166)
Distributions to non-controlling interests		—		(2,888)		(2,888)		—		(3,090)		(3,090)
Investments made by non-controlling interests		—		69		69		—		—		—
Loss on deconsolidation of subsidiary		—		529		529		—		—		—
Change in accounting method- adoption of ASC 2016-09		110		—		110		—		—		—
Repurchase of non-controlling interests		(670)		(149)		(819)		—		—		—
Purchase of treasury stock		(2,215)		—		(2,215)		(2,348)		—		(2,348)
Equity, end of period	$	679,553	$	134,400	$	813,953	$	681,218	$	83,013	$	764,231

NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

NET INCOME PER SHARE

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


	Three months ended March 31,
	2017	2016
Basic weighted-average shares of common stock outstanding	16,157	16,092
Stock options	89	106
Diluted weighted-average shares of common stock outstanding	16,246	16,198

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31, 2017

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
Revenue
Wireless	$	37,162	$	19,068	$	—	$	—	$	56,230
Wireline		6,051		57,749		—		—		63,800
Renewable Energy		—		—		4,900		—		4,900
Equipment and Other		579		2,474		132		—		3,185
Total Revenue		43,792		79,291		5,032		—		128,115
Depreciation and amortization		6,551		13,117		1,454		1,372		22,494
Non-cash stock-based compensation		—		129		29		1,508		1,666
Operating income (loss)		16,617		9,966		1,441		(10,231)		17,793


For the Three Months Ended March 31, 2016

	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
Revenue
Wireless	$	39,464	$	19,414	$	—	$	—	$	58,878
Wireline		6,046		16,399		—		—		22,445
Renewable Energy		—		—		5,589		—		5,589
Equipment and Other		688		2,086		—		—		2,774
Total Revenue		46,198		37,899		5,589		—		89,686
Depreciation and amortization		5,654		6,341		1,207		1,352		14,554
Non-cash stock-based compensation		—		—		28		1,700		1,728
Operating income (loss)		16,746		7,737		63		(8,653)		15,893

(1) Reconciling items refer to corporate overhead costs and consolidating adjustments



	U.S.		International		Renewable		Reconciling
	Telecom		Telecom		Energy		Items (1)		Consolidated
March 31, 2017
Cash, Cash equivalents, and Investments	$	16,143	$	97,104	$	18,312	$	142,689	$	274,248
Total current asset		46,955		146,696		27,177		155,802		376,630
Fixed assets, net		102,366		368,372		152,891		15,594		639,223
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		209,026		595,135		198,858		190,381		1,193,400
Total current liabilities		38,469		85,774		16,108		21,474		161,825
Total debt		—		88,120		64,279		—		152,399
December 31, 2016
Cash, Cash equivalents, and Investments	$	22,235	$	97,681	$	27,378	$	131,664	$	278,958
Total current asset		50,983		143,201		37,440		135,745		367,369
Fixed assets, net		129,274		372,741		130,268		15,429		647,712
Goodwill		35,268		24,326		3,279		—		62,873
Total assets		240,006		597,454		190,253		170,505		1,198,218
Total current liabilities		23,162		95,502		12,603		18,838		150,105
Total debt		—		91,316		65,507		—		156,823


		Capital Expenditures

		U.S.		International		Renewable		Reconciling
Three months ended March 31,		Telecom		Telecom		Energy		Items (1)		Consolidated
2017	$	6,044	$	16,666	$	21,788	$	1,204	$	45,702
2016		7,561		7,774		—		1,110		16,445

(1)

Reconciling items refer to corporate overhead costs and consolidating adjustments.

BASIS OF PRESENTATION - Reclassifications (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Termination and access fees
Reclassification, decrease (increase) to expense	$ 1.2
Engineering and operations expenses
Reclassification, decrease (increase) to expense	(0.7)
Selling and marketing expense
Reclassification, decrease (increase) to expense	(0.6)
General and administrative expense
Reclassification, decrease (increase) to expense	$ 0.1

BASIS OF PRESENTATION - Tax (Details)	3 Months Ended
BASIS OF PRESENTATION - Tax (Details)	Mar. 31, 2017	Mar. 31, 2016
BASIS OF PRESENTATION
Effective tax rate (as a percent)	21.30%	30.00%
Net capital loss carryback (as a percent)	7.20%

BASIS OF PRESENTATION - Recent Accounting Pronouncements (Details) - Accounting Standards Update 2016-09 - USD ($) $ in Thousands		3 Months Ended
	Jan. 01, 2017	Mar. 31, 2017
Cumulative Effect on Retained Earnings, Net of Tax		$ 110
Additional Paid In Capital
Cumulative Effect on Retained Earnings, Net of Tax	$ (300)
Retained Earnings
Cumulative Effect on Retained Earnings, Net of Tax	$ 300

ACQUISITIONS AND DISPOSITIONS - One Communications (Details) $ in Thousands	May 03, 2016 USD ($)
One Communications (formerly KeyTech)
Acquisitions and Dispositions
Ownership interest held by minority shareholders	43.00%
One Communications (formerly KeyTech)
Acquisitions and Dispositions
Minority ownership contributed in acquisition (as a percent)	43.00%
Cash consideration	$ 34,518
One Communications (formerly Keytech) and BDC
Acquisitions and Dispositions
Ownership interest held by minority shareholders	15.00%
Ownership interest acquired (as a percent)	51.00%
Cash consideration	$ 41,563

ACQUISITIONS AND DISPOSITIONS - Purchase Price Allocation - One Communications (Details) $ in Thousands	May 03, 2016 USD ($)
BDC
Consideration Transferred
Cash consideration	$ 7,045
Total value to allocate
Business Combination Total Value Allocation	7,045
Purchase price allocation:
Carrying value of BDC non-controlling interest acquired	2,940
One Communications (formerly KeyTech)
Consideration Transferred
Cash consideration	34,518
Total value to allocate
Non-controlling interests	32,909
Business Combination Total Value Allocation	67,427
Purchase price allocation:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long-term debt	(28,929)
Net assets acquired	74,731
Gain on One Communications bargain purchase	7,304
Purchase price allocation BDC:
Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105
One Communications (formerly KeyTech) \| Telecommunication Equipment
Purchase price allocation BDC:
Discounted rate used for cash flows	15.00%
One Communications (formerly Keytech) and BDC
Consideration Transferred
Cash consideration	$ 41,563
Total value to allocate
Business Combination Total Value Allocation	$ 74,472
Minimum \| One Communications (formerly KeyTech) \| Income Approach
Purchase price allocation BDC:
Discounted rate used for fair value of noncontrolling interests	15.00%
Minimum \| One Communications (formerly KeyTech) \| Telecommunication Equipment
Purchase price allocation BDC:
Useful life	3 years
Minimum \| One Communications (formerly KeyTech) \| Customer relationships
Purchase price allocation BDC:
Useful life	9 years
Maximum \| One Communications (formerly KeyTech) \| Telecommunication Equipment
Purchase price allocation BDC:
Useful life	18 years
Maximum \| One Communications (formerly KeyTech) \| Customer relationships
Purchase price allocation BDC:
Useful life	12 years

ACQUISITIONS AND DISPOSITIONS - Purchase Price Allocation - Viya (Details) - USD ($) $ in Thousands		3 Months Ended
	Jul. 01, 2016	Dec. 31, 2016	Mar. 31, 2017
Purchase price allocation:
Goodwill		$ 62,873	$ 62,873
Viya (formerly Innovative)
Consideration Transferred
Purchase price	$ 145,000
Purchase price adjustments	5,300
Cash consideration	51,900
Pension funding required by acquisition		22,500
Total consideration	111,860
Restricted cash	5,300
Working capital adjustments and pension funding		$ 27,800
Total value to allocate
Total consideration	111,860
Non-controlling interests	221
Value to allocate	112,081
Purchase price allocation:
Cash	4,229
Accounts receivable	6,553
Materials & supplies	6,533
Other current assets	1,927
Property, plant and equipment	108,284
Telecommunication licenses	7,623
Goodwill	20,586
Intangible assets	7,800
Other Assets	4,394
Accounts payable and accrued liabilities	(15,971)
Advance payments and deposits	(7,793)
Deferred tax liability	(2,935)
Pension liability	(29,149)
Net assets acquired	112,081
Viya (formerly Innovative) \| Innovative Pension Benefit
Consideration Transferred
Restricted cash			$ 5,100
Viya (formerly Innovative) \| Term loans
Consideration Transferred
Debt instrument, face amount	$ 60,000
Minimum \| Viya (formerly Innovative) \| Innovative Pension Benefit
Purchase price allocation:
Discount rate (as a percent)	3.60%
Minimum \| Viya (formerly Innovative) \| Income Approach
Purchase price allocation:
Discounted rate used for fair value of noncontrolling interests	15.00%
Minimum \| Viya (formerly Innovative) \| Customer relationships
Purchase price allocation:
Useful life	7 years
Minimum \| Viya (formerly Innovative) \| Telecommunication Equipment
Purchase price allocation:
Useful life	1 year
Minimum \| Viya (formerly Innovative) \| Telecommunication Equipment \| Income Approach
Purchase price allocation:
Discounted rate used for cash flows	14.00%
Maximum \| Viya (formerly Innovative) \| Innovative Pension Benefit
Purchase price allocation:
Discount rate (as a percent)	3.90%
Maximum \| Viya (formerly Innovative) \| Income Approach
Purchase price allocation:
Discounted rate used for fair value of noncontrolling interests	25.00%
Maximum \| Viya (formerly Innovative) \| Customer relationships
Purchase price allocation:
Useful life	13 years
Maximum \| Viya (formerly Innovative) \| Telecommunication Equipment
Purchase price allocation:
Useful life	18 years
Maximum \| Viya (formerly Innovative) \| Telecommunication Equipment \| Income Approach
Purchase price allocation:
Discounted rate used for cash flows	25.00%

ACQUISITIONS AND DISPOSITIONS - Disposition - Viya (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Viya (formerly Innovative) Cable operations $ in Millions	Jan. 03, 2017 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration received	$ 4.8
Gain on disposition	$ 0.1

ACQUISITIONS AND DISPOSITIONS - Purchase Price Allocation - US Telecom (Details) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Purchase price allocation:
Goodwill		$ 62,873	$ 62,873
U.S. Telecom
Consideration Transferred
Cash consideration	$ 9,100
Purchase price allocation:
Property, plant and equipment	10,200
Deferred tax liability	3,500
Other long term liabilities	700
Goodwill	$ 3,100

ACQUISITIONS AND DISPOSITIONS - Disposition - US Telecom (Details) - USD ($) $ in Thousands		3 Months Ended
	Mar. 08, 2017	Mar. 31, 2017	Jun. 30, 2016
Assets and liabilities disposed
Purchase of non-controlling interests		$ 819
Loss on deconsolidation of subsidiary		529
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Sovernet
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses	$ 20,900
Receivables	3,000
Contingent consideration	2,000
Escrowed	3,000
Total cash proceeds including working capital adjustments	25,926
Assets and liabilities disposed
Cash	1,821
Accounts receivable	1,696
Inventory	639
Prepayments and other current assets	1,034
Property, plant and equipment	25,294
Other assets	288
Accounts payable and accrued liabilities	(1,718)
Advance payments and deposits	(1,897)
Net assets disposed	27,157
Consideration less net assets disposed	(1,231)
Transaction costs:	(1,156)
Loss	(2,387)
Purchase of non-controlling interests	700
Non-controlling interest book value	0
Loss on deconsolidation of subsidiary		500
Transaction-related charges		$ 500
Impairment charges			$ 11,100
Impairment of long-lived assets			3,600
Goodwill impairment			$ 7,500
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| Sovernet \| Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Contingent consideration	$ 4,000

ACQUISITIONS AND DISPOSITIONS - Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Jul. 01, 2016	May 03, 2016	Mar. 31, 2016
Pro Forma
Revenue			$ 135,859
Net income (loss) attributable to ATN International, Inc. Stockholders			$ 6,061
Earnings per share: Basic (in dollars per share)			$ 0.38
Earnings per share: Diluted (in dollars per share)			$ 0.37
As reported
Pro Forma
Revenue			$ 89,686
Net income (loss) attributable to ATN International, Inc. Stockholders			$ 6,120
Earnings per share: Basic (in dollars per share)			$ 0.38
Earnings per share: Diluted (in dollars per share)			$ 0.38
One Communications (formerly KeyTech)
Business Acquisition [Line Items]
Retirement of debt		$ 24,700
Viya (formerly Innovative)
Business Acquisition [Line Items]
Retirement of debt	$ 185,800
Viya (formerly Innovative) \| Term loans
Business Acquisition [Line Items]
Debt Instrument, Face Amount	$ 60,000
One Communications (formerly KeyTech)
Business Acquisition [Line Items]
Impairment charges			$ 4,300

ACQUISITIONS AND DISPOSITIONS - Purchase Price Allocation - Vibrant Energy (Details) - USD ($) $ in Thousands	Apr. 07, 2016	Apr. 07, 2016	Mar. 31, 2017	Dec. 31, 2016
Purchase price allocation:
Goodwill			$ 62,873	$ 62,873
Vibrant Energy
Purchase price allocation:
Cash	$ 136	$ 136
Prepayments and other assets	636	636
Property, plant and equipment	7,321	7,321
Goodwill	3,279	3,279
Accounts payable and accrued liabilities	(5,179)	(5,179)
Net assets acquired	6,193	6,193
Consideration Transferred
Total consideration	6,193
Cash consideration		3,500
Contingent Consideration	$ 2,700	$ 2,700

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Carrying Value
Fair value measurements
Long-term debt	$ 152,400	$ 156,800
Significant Other Observable Inputs (Level 2) \| Estimated Fair Value
Fair value measurements
Long-term debt	155,600	159,900
Significant Other Observable Inputs (Level 2) \| Estimated Fair Value \| Other Assets
Fair value measurements
Marketable securities	2,000
Recurring basis
Fair value measurements
Total assets measured at fair value	78,925	68,636
Recurring basis \| Certificate of deposit
Fair value measurements
Certificates of deposit	391	391
Recurring basis \| Money market funds
Fair value measurements
Short-term investments	19,785	29,027
Recurring basis \| Short Term Investments
Fair value measurements
Short-term investments	8,711	9,237
Recurring basis \| Commercial Paper
Fair value measurements
Short-term investments	50,038	29,981
Recurring basis \| Quoted Prices in Active Markets (Level 1)
Fair value measurements
Total assets measured at fair value	21,044	30,778
Recurring basis \| Quoted Prices in Active Markets (Level 1) \| Money market funds
Fair value measurements
Short-term investments	19,785	29,027
Recurring basis \| Quoted Prices in Active Markets (Level 1) \| Short Term Investments
Fair value measurements
Short-term investments	1,259	1,751
Recurring basis \| Significant Other Observable Inputs (Level 2)
Fair value measurements
Total assets measured at fair value	57,881	37,858
Recurring basis \| Significant Other Observable Inputs (Level 2) \| Certificate of deposit
Fair value measurements
Certificates of deposit	391	391
Recurring basis \| Significant Other Observable Inputs (Level 2) \| Short Term Investments
Fair value measurements
Short-term investments	7,452	7,486
Recurring basis \| Significant Other Observable Inputs (Level 2) \| Commercial Paper
Fair value measurements
Short-term investments	$ 50,038	$ 29,981

LONG-TERM DEBT (Details) - USD ($) $ in Millions		3 Months Ended
LONG-TERM DEBT (Details) - USD ($) $ in Millions	May 03, 2016	Mar. 31, 2017	Apr. 14, 2017	Dec. 19, 2016	Jul. 01, 2016	Jan. 11, 2016	Jan. 10, 2016	Dec. 24, 2014	Dec. 19, 2014
Revolver loan \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity						$ 400.0	$ 275.0		$ 225.0
Borrowings		$ 0.0
Revolver loan \| Amended Credit Facility \| Minimum
Long-term debt
Commitment fee (as a percent)		0.175%
Revolver loan \| Amended Credit Facility \| Minimum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)		1.50%
Revolver loan \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		0.50%
Revolver loan \| Amended Credit Facility \| Maximum
Long-term debt
Commitment fee (as a percent)		0.25%
Revolver loan \| Amended Credit Facility \| Maximum \| LIBOR
Long-term debt
Basis spread on variable rate (as a percent)		1.75%
Revolver loan \| Amended Credit Facility \| Maximum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		0.75%
Swingline sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity									10.0
Swingline sub-facility \| Amended Credit Facility \| Federal Funds Effective Rate
Long-term debt
Basis spread on variable rate (as a percent)		0.50%
Swingline sub-facility \| Amended Credit Facility \| Minimum \| Base rate
Long-term debt
Basis spread on variable rate (as a percent)		1.00%
Letter of credit sub-facility
Long-term debt
Commitment fee (as a percent)		1.75%
Borrowings		$ 0.0
Outstanding letters of credit		5.9
Letter of credit sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity									10.0
Outstanding letters of credit		5.9
Term loans \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity						200.0
Ahana Debt
Long-term debt
Term loan assumed								$ 38.9
Ahana Debt \| Minimum
Long-term debt
Effective interest rate (as a percent)								4.50%
Ahana Debt \| Maximum
Long-term debt
Effective interest rate (as a percent)								6.00%
PSE&G
Long-term debt
Stated interest rate								11.30%
Outstanding debt		2.1
Series A Notes And Series B Notes
Long-term debt
Outstanding debt		64.6
Series A Notes \| Ahana Operations
Long-term debt
Secured debt principal amount				$ 20.6
Stated interest rate				4.427%
Series B Notes \| Ahana Operations
Long-term debt
Secured debt principal amount				$ 45.2
Stated interest rate				5.327%
One Communications (formerly KeyTech) \| Revolver loan \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity			$ 60.0
One Communications (formerly KeyTech) \| Revolver loan \| Amended Credit Facility \| Maximum
Long-term debt
Potential cash dividend						13.0
One Communications (formerly KeyTech) \| Term loans
Long-term debt
Term loan assumed	$ 35.4
Outstanding debt		28.9
One Communications (formerly KeyTech) \| Term loans \| Three month LIBOR
Long-term debt
Basis spread on variable rate (as a percent)	3.25%
Viya (formerly Innovative)
Long-term debt
Finance costs to lock in rate					$ 0.9
Stated interest rate					4.00%
Unamortized balance of financing fee to lock interest rate		0.8
Outstanding debt		$ 60.0
Viya (formerly Innovative) \| Revolver loan \| Amended Credit Facility \| Maximum
Long-term debt
Secured debt principal amount						$ 60.0
Viya (formerly Innovative) \| Term loans
Long-term debt
Secured debt principal amount					$ 60.0
Mobility Funds \| Letter of credit sub-facility \| Amended Credit Facility
Long-term debt
Maximum borrowing capacity									$ 25.0

GOVERNMENT GRANTS (Details) $ in Millions	3 Months Ended
GOVERNMENT GRANTS (Details) $ in Millions	Mar. 31, 2017 USD ($)
Letter of credit sub-facility
MOBILITY FUND GRANTS
Letters of credit posted to USAC	$ 5.9
Mobility Funds
MOBILITY FUND GRANTS
Mobility Funds received	$ 21.1
Period over which a portion of the Mobility Funds is used to offset the costs of supporting the networks	5 years
Mobility Funds \| U.S. Telecom
MOBILITY FUND GRANTS
Mobility Funds received	$ 21.1
Grant funds used to offset operating expenses	13.9
Mobility funds received and recorded to date	6.1
Mobility Funds \| U.S. Telecom \| Property, Plant and Equipment
MOBILITY FUND GRANTS
Grant funds used to offset fixed asset related costs	7.2
Mobility Funds \| U.S. Telecom \| Other current liabilities
MOBILITY FUND GRANTS
Grant funds used to offset operating expenses	5.9
Mobility Funds \| U.S. Telecom \| Other long-term liabilities
MOBILITY FUND GRANTS
Grant funds used to offset operating expenses	$ 1.9

EQUITY (Details) - USD ($) $ in Thousands	3 Months Ended
EQUITY (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Stockholders' equity
Equity, beginning of period	$ 809,169	$ 761,724
Stock-based compensation	1,666	1,728
Comprehensive income:
Net income	11,584	10,798
Pension	513
Reclassifications of gains on sale of marketable securities to net income	(289)
Unrealized loss on marketable securities	(41)
Foreign currency translation adjustment	1,930	3
Comprehensive income	13,697	10,801
Issuance of common stock upon exercise of stock options	95	582
Dividends declared on common stock	(5,460)	(5,166)
Distributions to non-controlling interests	(2,888)	(3,090)
Investments made by non-controlling interests	69
Loss on deconsolidation of subsidiary	529
Repurchase of non-controlling interests	(819)
Purchase of treasury stock	(2,215)	(2,348)
Equity, end of period	813,953	764,231
Accounting Standards Update 2016-09
Comprehensive income:
Change in accounting method- adoption of ASC 2016-09	110
Total ATNI Stockholders' Equity
Stockholders' equity
Equity, beginning of period	677,055	680,299
Stock-based compensation	1,666	1,728
Comprehensive income:
Net income	6,859	6,120
Pension	513
Reclassifications of gains on sale of marketable securities to net income	(289)
Unrealized loss on marketable securities	(41)
Foreign currency translation adjustment	1,930	3
Comprehensive income	8,972	6,123
Issuance of common stock upon exercise of stock options	95	582
Dividends declared on common stock	(5,460)	(5,166)
Repurchase of non-controlling interests	(670)
Purchase of treasury stock	(2,215)	(2,348)
Equity, end of period	679,553	681,218
Total ATNI Stockholders' Equity \| Accounting Standards Update 2016-09
Comprehensive income:
Change in accounting method- adoption of ASC 2016-09	110
Non-Controlling Interests
Stockholders' equity
Equity, beginning of period	132,114	81,425
Comprehensive income:
Net income	4,725	4,678
Comprehensive income	4,725	4,678
Distributions to non-controlling interests	(2,888)	(3,090)
Investments made by non-controlling interests	69
Loss on deconsolidation of subsidiary	529
Repurchase of non-controlling interests	(149)
Equity, end of period	$ 134,400	$ 83,013

NET INCOME (LOSS) PER SHARE (Details) - shares	3 Months Ended
NET INCOME (LOSS) PER SHARE (Details) - shares	Mar. 31, 2017	Mar. 31, 2016
Reconciliation from basic to diluted weighted average common shares outstanding
Basic weighted-average shares of common stock outstanding	16,157,000	16,092,000
Stock options (in shares)	89,000	106,000
Diluted weighted-average shares of common stock outstanding	16,246,000	16,198,000
Anti-dilutive potential shares excluded from the computation of diluted weighted average shares outstanding (in shares)	5,000	5,000

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended
SEGMENT REPORTING (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenue
Revenue	$ 128,115	$ 89,686
Depreciation and amortization	22,494	14,554
Non-cash stock-based compensation	1,666	1,728
Operating income (loss)	17,793	15,893
Segment Assets
Cash, Cash equivalents, and Investments	274,248		$ 278,958
Total current assets	376,630		367,369
Fixed assets, net	639,223		647,712
Goodwill	62,873		62,873
Total assets	1,193,400		1,198,218
Total current liabilities	161,825		150,105
Total debt	152,399		156,823
Capital Expenditures
Capital expenditures	45,702	16,445
Wireless
Revenue
Revenue	56,230	58,878
Wireline
Revenue
Revenue	63,800	22,445
Equipment and other
Revenue
Revenue	3,185	2,774
Renewable energy
Revenue
Revenue	4,900	5,589
Reconciling Items
Revenue
Depreciation and amortization	1,372	1,352
Non-cash stock-based compensation	1,508	1,700
Operating income (loss)	(10,231)	(8,653)
Segment Assets
Cash, Cash equivalents, and Investments	142,689		131,664
Total current assets	155,802		135,745
Fixed assets, net	15,594		15,429
Total assets	190,381		170,505
Total current liabilities	21,474		18,838
Capital Expenditures
Capital expenditures	1,204	1,110
U.S. Telecom \| Operating segments
Revenue
Revenue	43,792	46,198
Depreciation and amortization	6,551	5,654
Operating income (loss)	16,617	16,746
Segment Assets
Cash, Cash equivalents, and Investments	16,143		22,235
Total current assets	46,955		50,983
Fixed assets, net	102,366		129,274
Goodwill	35,268		35,268
Total assets	209,026		240,006
Total current liabilities	38,469		23,162
Capital Expenditures
Capital expenditures	6,044	7,561
U.S. Telecom \| Operating segments \| Wireless
Revenue
Revenue	37,162	39,464
U.S. Telecom \| Operating segments \| Wireline
Revenue
Revenue	6,051	6,046
U.S. Telecom \| Operating segments \| Equipment and other
Revenue
Revenue	579	688
International Telecom \| Operating segments
Revenue
Revenue	79,291	37,899
Depreciation and amortization	13,117	6,341
Non-cash stock-based compensation	129
Operating income (loss)	9,966	7,737
Segment Assets
Cash, Cash equivalents, and Investments	97,104		97,681
Total current assets	146,696		143,201
Fixed assets, net	368,372		372,741
Goodwill	24,326		24,326
Total assets	595,135		597,454
Total current liabilities	85,774		95,502
Total debt	88,120		91,316
Capital Expenditures
Capital expenditures	16,666	7,774
International Telecom \| Operating segments \| Wireless
Revenue
Revenue	19,068	19,414
International Telecom \| Operating segments \| Wireline
Revenue
Revenue	57,749	16,399
International Telecom \| Operating segments \| Equipment and other
Revenue
Revenue	2,474	2,086
Renewable energy \| Operating segments
Revenue
Revenue	5,032	5,589
Depreciation and amortization	1,454	1,207
Non-cash stock-based compensation	29	28
Operating income (loss)	1,441	63
Segment Assets
Cash, Cash equivalents, and Investments	18,312		27,378
Total current assets	27,177		37,440
Fixed assets, net	152,891		130,268
Goodwill	3,279		3,279
Total assets	198,858		190,253
Total current liabilities	16,108		12,603
Total debt	64,279		$ 65,507
Capital Expenditures
Capital expenditures	21,788
Renewable energy \| Operating segments \| Equipment and other
Revenue
Revenue	132
Renewable energy \| Operating segments \| Renewable energy
Revenue
Revenue	$ 4,900	$ 5,589

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2011
Contingency related to spectrum fees
Commitments and contingencies
Spectrum fees paid		$ 2.6
Letter of credit sub-facility
Commitments and contingencies
Letters of credit posted to USAC	$ 5.9
Commitment fee (as a percent)	1.75%
Drawdowns	$ 0.0
Litigation proceedings and disputes in Guyana
Commitments and contingencies
Period for which litigation proceedings and other disputes have not been the subject of discussions or other significant activity	5 years
Lawsuit filed by GT&T against Digicel
Commitments and contingencies
Damages asserted	$ 9.0
Punitive damages	5.0
Legal claims regarding tax filings with the Guyana Revenue Authority
Commitments and contingencies
Future payments related to disputed tax assessments	44.1
Accrued contingent liability	$ 5.0
Legal claims regarding tax filings with the Guyana Revenue Authority \| Minimum
Commitments and contingencies
Percentage of return on investment ensured by the government of Guyana	15.00%