Atlantic Tele-Network Board Increases Dividend 14%

Business Wire, Sept 19, 2007

SALEM, Mass. -- Atlantic Tele-Network, Inc. (NASDAQ:ATNI) today announced that its Board of Directors has declared a quarterly dividend of $0.16 per share, payable on October 11, 2007, on all common shares outstanding to stockholders of record as of October 1, 2007. This represents an increase of two cents, or 14.3%, in the dividend paid from the previous quarter. If maintained, this equates to an annual increase of eight cents, from $0.56 per share to $0.64 per share.

Michael T. Prior, Chief Executive Officer of the Company, said, "We are delighted to continue our history of increasing our dividend with our ninth consecutive annual increase."

About Atlantic Tele-Network

Atlantic Tele-Network, Inc. (NASDAQ: ATNI) is a telecommunications company with corporate offices in Salem, Massachusetts and St. Thomas, U.S. Virgin Islands. Its principal subsidiaries include: Guyana Telephone and Telegraph Company, Limited, which is the national telephone service provider in the Cooperative Republic of Guyana for all local, long-distance and international service, as well as the largest cellular service provider; Commnet Wireless, LLC, which provides voice and data wireless roaming services for U.S. and International carriers in rural areas throughout the United States; Sovernet, Inc., which provides wireline voice and data services to businesses and homes in Northern New England; and Choice Communications, LLC, which provides wireless television and wireless broadband services in the United States Virgin Islands. ATN also owns 43% of Bermuda Digital Communications Ltd., which, under the Cellular One name, is the largest provider of wireless voice and data services in Bermuda.