ATN International, Inc. (NASDAQ:ATNI) Q3 2023 Earnings Call Transcript

Ric Prentiss: As long as there’s open airtime, I’ll take it

Michael Prior: We can’t have dead airtime. You know that, right?

Ric Prentiss: Exactly, exactly. Can you hear me now? The follow-up questions I had is, first, a lot of interest in the industry about fixed wireless, high-speed Internet. How do you all think about your markets domestically and internationally about do you have the capacity to offer fixed wireless? Is there an interest out there? Can it reduce churn? Just kind of opine on fixed wireless and I have one more follow-up.

Michael Prior: Yes, I think it’s absolutely part of the mix in all our markets really. And it varies, right? An area like Bermuda, it’s a very little part of the mix. It’s fairly densely populated. We’ve got high-speed connections to virtually every home. But even in some places like Cayman and in parts of Cayman we are bringing fiber towers and using fixed wireless solutions because the economics are better, and it’s typically used in partially populated areas if we have a good enough spectrum availability or and technology availability, we can deliver high capacity to each user. And we’ve been working with technologies that have really improved the customer experience across the board. And on the U.S. as well, in the U.S., we kind of have always called it sort of hills and towns.

So even in the rural areas, we’re going to tend to bring fiber to the towns and then we’ll bring fiber to the towers into the businesses. And – but the people live in the hills, ranch in the hills or something. If we’re going to connect them, it would be typically through a fixed wireless solution. And we have a number of areas where we have a fair amount of capacity on fixed wireless network investments we’ve made in the U.S. that we expect to be loading subscribers on in the quarters to come.

Ric Prentiss: Okay. And the other question is, one of the other topics [indiscernible] recently has been direct-to-device satellite connectivity into smartphones – you guys have had some unique views into some of the satellite world, but what are your thoughts on where direct-to-device plays out what role it’ll fix in [ph]?

Michael Prior: I mean I think it’s going to be great. It’s a great tool, and it’s a great functionality, right? So I just think where we are an operator, that’s the functionality we’d like to deliver to our customers. And where we are not a mobile operator. I think it’s good for our customer base in our areas. It’s probably – it’s good for some of our workers who are out there in remote areas. So I think it’s here to come. I mean how big usage it is a totally different question. But in terms of available functionality, I think its watch people get used to it, they’re going – everyone is going to want it. I don’t know, Brad, if you had anything to add to that or…

Brad Martin: No, fully agree. And that will continue to evolve. But we definitely see a great use case for that.

Ric Prentiss: And it seems like the ecosystem really is to get the chipset – the satellite operators, the chipset, the phone and the operator kind of all congealed and working together. Is that a fair thought or…

Michael Prior: I don’t know if I know enough. I know – I do think it’s got to have some of that. I mean we were involved in XCOM, which did that is Globalsat [ph], right, which is working with Apple, I believe. And so those are – and there’s other providers who are doing that. So it seems to me it does have to be sort of a multipronged effort.