ATN International to sell 214 Southwestern U.S. towers to Everest for $297M

* ATN International (ATNI [https://seekingalpha.com/symbol/ATNI]) Wednesday said [https://seekingalpha.com/pr/20396902-atn-international-advances-strategic-priorities-with-sale-of-u-s-tower-portfolio]that Commnet Wireless and certain subsidiaries have agreed to sell a portfolio of 214 towers and related operations in the Southwestern U.S. to Everest Infrastructure Partners for up to $297 million in cash.
* The company currently expects estimated taxes, payments to minority investors in the Tower Portfolio, and transaction-related expenses will total approximately 25% to 30% of the gross proceeds received.
* ATN International (ATNI [https://seekingalpha.com/symbol/ATNI]) plans to use the proceeds to reduce debt, invest in existing operations, and advance select growth opportunities.
* The company expects the initial closing of the transaction to occur in the second quarter of 2026.

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