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Atlantic Tele-Network (ATN), the parent company of the Guyana Telephone andGT&T’s Brickdam head office.Telegraph (GT&T), has announced a 23 percent increase in total revenues.According to the Full Year 2011 Results released by the company yesterday, total revenues earned were US$182.9M.Fourth quarter revenues generated by the company’s wireline operations in Guyana, including international telephone calls in and out of that country, its integrated voice and data operations in New England and its wholesale transport operations in New York State, amounted to US$21.7 million in the fourth quarter of 2011, an increase of nine percent from $19.9 million reported in the fourth quarter of 2010.“The increase resulted primarily from data revenue and local wireline service growth in Guyana, as well as growth in fiber optic capacity revenues in New York State,” the release said.Adjusted earnings before interest, taxes, depreciation,Throwback Jerseys, and amortization (EBITDA) for ATN in 2011 increased 24 percent to $160.2 million.“Net cash provided by operating activities was $132.6 million,Marlon Humphrey Jersey, up 29 percent year-over-year. Cash dividends paid amounted to $13.7 million,NFL Jerseys Cheap, a nine percent increase from 2010.Total revenues for the fourth quarter last year were $182.9 million, a six percent decline from the $194.7 million reported for the fourth quarter of 2010,Wholesale Authentic Jerseys, reflecting net subscriber attrition that the company experienced since the Alltel acquisition as the company transitioned distribution channels, subscriber contracts and credit policies, systems and networks.”Commenting on full year 2011 results, Michael Prior,Cheap Jerseys Free, Chief Executive Officer, said, “This was a year of significant achievement for ATN. We completed the transition of the customer base and retail operations we acquired in the Alltel asset transaction to our own networks and operating platforms,Wholesale Jerseys Free Shipping, and we considerably expanded our international wireless business. Despite the negative impact of certain transition initiatives and related overlapping expenses, we were able to report year-over-year increases in adjusted EBITDA and operating cash flow of 24 percent and 31 percent respectively. In 2012, we will focus both on improving operating efficiencies across our organization and pursuing additional opportunities to build value.”Atlantic Tele-Network, Inc. headquartered in Beverly, Massachusetts, provides telecommunications services to rural, niche and other under-served markets and geographies in the United States, Bermuda and Guyana, in the Caribbean. Through operating subsidiaries, the company provides both wireless and wireline connectivity to residential and business customers, including a range of mobile wireless solutions, local exchange services and broadband internet services and are the owner and operator of terrestrial and submarine fiber optic transport systems.
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