ATN International Sells 214 U.S. Towers to Everest for Up to $297 Million

Reuters
Feb 14
ATN International Sells 214 U.S. Towers to Everest for Up to $297 Million

Commnet Wireless, LLC and certain subsidiaries, part of ATN International, Inc., have entered into a Purchase and Sale Agreement with an affiliate of Everest Infrastructure Partners, Inc. to sell a portfolio of 214 Southwestern U.S. towers and related operations for up to $297 million in cash. ATN expects estimated taxes, payments to minority investors, and transaction-related expenses to total approximately 25% to 30% of the gross proceeds. The company plans to use the proceeds to reduce debt, invest in existing operations, and pursue select growth opportunities. The initial closing of the transaction is expected to take place in the second quarter of 2026.

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