Atlantic Tele-Network Inc. (ATN), GT&T’s parent company has recorded total revenues for the second quarter of US$193.8 M, 18 percent more than the US$164.7 million it recorded for the same period last year. The company’s increase in revenue has come despite the decline in long distance revenue from Guyana.
The increase in revenue as of June 30, a release said, resulted primarily from the inclusion of a full quarter’s operations of the former Alltel wireless assets that the Company acquired on April 26, 2010. Total wireless service revenues represented $166.0 million, or 86% of total revenue. U.S. Wireless service revenues were $147.3 million, or 76% of total revenues,