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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ATN International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-015368), on February 13, 2026, and is solely responsible for the information contained therein.