M&A Deal Summary

ATN International Acquires Caribbean Asset Holdings

On October 1, 2015, ATN International acquired communications company Caribbean Asset Holdings from National Rural Utilities Cooperative Finance for 145M USD

Acquisition Highlights
  • This is ATN International’s 7th transaction in the Communications sector.
  • This is ATN International’s largest (disclosed) transaction.
  • This is ATN International’s 5th transaction in the United States.
  • This is ATN International’s 1st transaction in Virginia.

M&A Deal Summary
Date 2015-10-01
Target Caribbean Asset Holdings
Sector Communications
Buyer(s) ATN International
Sellers(s) National Rural Utilities Cooperative Finance
Deal Type Divestiture
Deal Value 145M USD

Target

Caribbean Asset Holdings

Dulles, Virginia, United States
Caribbean Asset Holdings LLC is an holding company for the Innovative group of companies operating cable TV, Internet and landline services primarily in the U.S. Virgin Islands.

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Buyer(S) 1

Buyer

ATN International

Beverly, Massachusetts, United States
Category Company
Founded 1987
Sector Communications
Employees2,300
Revenue 762M USD (2023)
DESCRIPTION

ATN International is a telecommunications company operating advanced wireless, wireline, and both terrestrial and submarine fiber optic networks in North America and the Caribbean. Through its operating subsidiaries, Atlantic provide both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services. ATN International was founded in 1987 and is based in Beverly, Massachusetts.

DEAL STATS #
Overall 8 of 11
Sector (Communications) 7 of 9
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 5 of 6
Year (2015) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 One Communications

Hamilton, Bermuda

One Communications is a diverse telecommunications holding company, Its subsidiary companies specialize in voice, high-speed internet, corporate data solutions, and television for residential and corporate customers. In addition it owns a directory and digital search service business. One Communications is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 Bermuda Digital Communications

Hamilton, Bermuda

Bermuda Digital Communications Ltd. (dba Cellular One) is a Bermuda company that provides voice, broadband, and cable television services.

Buy -

Seller(S) 1

SELLER

National Rural Utilities Cooperative Finance

Dulles, Virginia, United States
Category Company
Founded 1969
Sector Financial Services
Employees232
DESCRIPTION

National Rural Utilities Cooperative Finance Corp. is a provider of financial services to supplement the loan programs of the Rural Utilities Service of the United States Department of Agriculture.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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