Guyana is the second-largest contributor to annual revenue for ATN International Inc, trailing only the United States, according to the company’s 2024 annual report filed with the U.S. Securities and Exchange Commission.
Guyana came second in 2022-2024, the report says.
One Communications, which handles ATN’s operations in Guyana, generated US$122.6 million in revenue in 2024, accounting for 16.8% of the company’s total revenue of US$729.1 million. The U.S. market remained ATN’s largest, contributing US$353.3 million, or 48.5% of total revenue.
The value of its long-lived assets in Guyana totaled US$188.2 million at year-end, representing 13.3% of ATN’s US$1.42 billion in total long-lived assets. The United States and the U.S. Virgin Islands accounted for larger shares, with assets valued at US$872.5 million and US$208.1 million, respectively.
ATN’s Guyana subsidiary, One Communications (formerly GTT), is one of three major telecommunications operators in the country, competing with Digicel and ENet for market share in mobile data and high-speed broadband services to homes and businesses.
The company provides a full suite of services in Guyana, including mobile voice and data, fixed-line telephone, and high-speed broadband. One Communications has been migrating customers from its legacy copper-based DSL network to fiber or fixed wireless technology, in a bid to improve internet speeds and service reliability, it said.
Despite these modernization efforts, ATN has flagged challenges tied to aging infrastructure and power instability, particularly in Guyana. The company said much of its physical infrastructure, including network systems and facilities in Guyana, has been in service for an extended period and is vulnerable to outages, among other things.
Frequent power outages in Guyana, where electricity is mainly supplied by the state-owned Guyana Power and Light (GPL), may be a key contributor to network instability. While ATN has installed backup generators in blackout-prone areas, the company said these rely on costly fuel and are not a sustainable long-term solution. It is working to shut down inefficient parts of its network, including the copper plant in Guyana, but said rising energy costs threaten to offset efficiency gains.
Service reliability in Guyana remains a concern for consumers. One Communications’ mobile data services, while widespread, are not consistently reliable. Customers in Georgetown and other areas report instances of data blackouts and slow or interrupted connections.
One Communications’ investments in Guyana have been shaped in part by the liberalization of the country’s telecoms sector, following the implementation of legislation in 2020 that opened the market to greater competition and introduced new regulatory requirements.
ATN, which holds an 80% stake in the Guyana operation, includes the country as part of its international telecom segment, which also covers Bermuda, the U.S. Virgin Islands, and other jurisdictions. The segment had approximately 389,000 mobile subscribers as of December 31, 2024.
