ACQUISITIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2017

Acquisitions and Dispositions

Schedule of pro forma results of operations

Amounts are presented in thousands, except per share data.

	Three months ended March 31,
(unaudited)	2016
	As		As
	Reported		Adjusted
Revenue	$	89,686	$	135,859
Net income attributable to ATN International, Inc. Stockholders		6,120		6,061
Earnings per share:
Basic		0.38		0.38
Diluted		0.38		0.37

Sovernet

Acquisitions and Dispositions

Schedule of assets and liabilities transferred

The table below identifies the assets and liabilities transferred (amounts in thousands):

Consideration Transferred	$ 25,926
Assets and liabilities disposed
Cash	1,821
Accounts receivable	1,696
Inventory	639
Prepaid	1,034
Property, plant and equipment	25,294
Other Assets	288
Accounts payable and accrued liabilities	(1,718)
Advance payments and deposits	(1,897)
Net assets disposed	27,157
Consideration less net assets disposed	(1,231)
Transaction costs	(1,156)
Loss	$ (2,387)

One Communications (formerly Keytech) and BDC

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

Consideration Transferred
Cash consideration - One Communications	$ 34,518
Cash consideration - BDC	7,045
Total consideration transferred	41,563
Non-controlling interests - One Communications	32,909
Total value to allocate	$ 74,472
Value to allocate - One Communications	67,427
Value to allocate - BDC	7,045
Purchase price allocation One Communications:
Cash	8,185
Accounts receivable	6,451
Other current assets	3,241
Property, plant and equipment	100,892
Identifiable intangible assets	10,590
Other long term assets	3,464
Accounts payable and accrued liabilities	(16,051)
Advance payments and deposits	(6,683)
Current debt	(6,429)
Long term debt	(28,929)
Net assets acquired	74,731
Gain on One Communications bargain purchase	$ 7,304
Purchase price allocation BDC:
Carrying value of BDC non-controlling interest acquired	2,940
Excess of purchase price paid over carrying value of non-controlling interest acquired	$ 4,105

Viya (formerly Innovative)

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

Consideration Transferred	$ 111,860
Non-controlling interests	221
Total value to allocate	112,081
Purchase price allocation:
Cash	4,229
Accounts receivable	6,553
Materials & supplies	6,533
Other current assets	1,927
Property, plant and equipment	108,284
Telecommunication licenses	7,623
Goodwill	20,586
Intangible assets	7,800
Other Assets	4,394
Accounts payable and accrued liabilities	(15,971)
Advance payments and deposits	(7,793)
Deferred tax liability	(2,935)
Pension and other postretirement benefit liabilities	(29,149)
Net assets acquired	$ 112,081

Vibrant Energy

Acquisitions and Dispositions

Schedule of assessment of total acquisition costs to net assets based on acquisition date fair values

The table below represents the allocation of the consideration transferred to the net assets of Vibrant Energy based on their acquisition date fair values (in thousands):

Consideration Transferred	$ 6,193
Purchase price allocation:
Cash	$ 136
Prepayments and other assets	636
Property, plant and equipment	7,321
Goodwill	3,279
Accounts payable and accrued liabilities	(5,179)
Net assets acquired	$ 6,193