M&A Deal Summary

ATN International Acquires SoVerNet

On February 13, 2006, ATN International acquired communications company SoVerNet for 13M USD

Acquisition Highlights
  • This is ATN International’s 4th transaction in the Communications sector.
  • This is ATN International’s 3rd largest (disclosed) transaction.
  • This is ATN International’s 2nd transaction in the United States.
  • This is ATN International’s 1st transaction in Vermont.

M&A Deal Summary
Date 2006-02-13
Target SoVerNet
Sector Communications
Buyer(s) ATN International
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

SoVerNet

Bellows Falls, Vermont, United States
Sovernet Communication provides reliable Internet and telecommunication services to residential and business customers throughout Northern New England.

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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 4 of 11
Sector (Communications) 4 of 9
Type (Add-on Acquisition) 3 of 7
State (Vermont) 1 of 1
Country (United States) 2 of 6
Year (2006) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-15 Commnet Wireless

Atlanta, Georgia, United States

Commnet Wireless provides wholesale-only wireless voice and data telecommunications services (roaming) in rural markets throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-12 ION HoldCo

Albany, New York, United States

ION HoldCo LLC a fiber network connecting more than 100 upstate New York communities and their surrounding areas with its 3,000+ mile redundant and diversely routed network. ION, with its robust fiber network, provides services to the four major cellular providers, national and regional telecommunications providers, hospitals and healthcare organizations, colleges and universities, governmental entities and large to medium businesses.

Buy -
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