Atlantic Tele-Network, Inc. is looking forward to acquisition opportunities from the proceeds of sale it subsidiary Allied Wireless Communications Corporation. Commenting on the use of proceeds from the sale, Michael T. Prior, Chief Executive Officer said, "We have a disciplined, long-term approach to managing our portfolio and intend to balance the use of the after-tax proceeds among new acquisition opportunities, a possible reduction in debt outstanding, investments in our existing lines of business and returns to shareholders through dividends."