Revenue during the quarter surged 55.01 percent to $128.53 million from $82.92 million in the previous year period. Total expenses were 91.51 percent of quarterly revenues, up from 90.13 percent for the same period last year. That has resulted in a contraction of 138 basis points in operating margin to 8.49 percent.

Operating income for the quarter was $10.91 million, compared with $8.18 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $34.10 million compared with $25.59 million in the prior year period. At the same time, adjusted EBITDA margin contracted 433 basis points in the quarter to 26.53 percent from 30.86 percent in the last year period.

"Fourth quarter performance represented a solid finish to a year in which we significantly expanded the scope of ATN’s operations through synergistic acquisitions in telecom services and strategic and organic initiatives in renewable energy," said Michael Prior, Chief Executive Officer. "Revenue contributions in the fourth quarter from our 2016 telecom acquisitions in Bermuda and U.S. Virgin Islands were consistent with plan, and our first India renewable energy projects, while not generating revenue yet, are set to deliver electricity production in the 2017 first quarter."

The company has spent $308.69 million cash to meet investing activities during the year as against cash outgo of $31.97 million in the last year. It has incurred net capital expenditure of $122.86 million on net basis during the year, up 108.66 percent or $63.98 million from year ago.

Cash flow from financing activities was $75.33 million for the year as against cash outgo of $41.44 million in the last year period.

Cash and cash equivalents stood at $269.72 million as on Dec. 31, 2016, down 31.20 percent or $122.32 million from $392.04 million on Dec. 31, 2015.

Working capital drops significantly
ATN International, Inc. has witnessed a decline in the working capital over the last year. It stood at $217.60 million as at Dec. 31, 2016, down 43.35 percent or $166.53 million from $384.14 million on Dec. 31, 2015. Current ratio was at 2.45 as on Dec. 31, 2016, down from 5.55 on Dec. 31, 2015.

Debt increases substantially 
ATN International, Inc. has witnessed an increase in total debt over the last one year. It stood at $156.82 million as on Dec. 31, 2016, up 377.26 percent or $123.96 million from $32.86 million on Dec. 31, 2015. Total debt was 13.09 percent of total assets as on Dec. 31, 2016, compared with 3.48 percent on Dec. 31, 2015. Debt to equity ratio was at 0.19 as on Dec. 31, 2016, up from 0.04 as on Dec. 31, 2015.