hurricane, summarize things this All try in right. the Thanks hurricanes the our at the to some two of discussion start quarter but of other it’s morning third first September, all. to Justin, me Virgin about the good that hard let results talking least first. Well, Islands hit
buybacks saw decisions the we in disconnected and smaller was some had to progress with Telecom signs we Prior and a steady progress exclude business we in future solid believe allocation improving our and some when and you some hurricanes, business solid bode those India. developments turning of to the our growth outside stock of segment for as on dividends So quarter between in integration results capital organic results shift and approach including well events that the and International for margins modest turnaround.
I’ll more minute, but devastating the network general. people substantial a the and damage despite island to have say our to very to the to infrastructure into As hurricanes impact in the in
We covered process. that investments than quarters. for longer-term belief optimistic we are for prospects we help in the we prior both due and U.S. the and the decline slightly as was invest work to Telecom committed reasons better year-on-year the community expected to in rebuilding put to guide our are and despite
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Irma pre-hurricane expectation in I summary respect. with bad in some in-line include our with certainly to were I the I think did and as segment will that but were with So hurricanes Maria. unusually not release and Telecom. we International turn more And specific These the starting noted that expectations, every for and our now noted EBITDA revenues
region. powerful they each recorded storms were the among First for the most
destructions of and to in islands the hit St. well severely John Irma St. causing Second St. northern Croix. south the Maria bit came especially catastrophic Thomas a
in San was fourth, Juan Rico also the and Puerto other critical that of disabled airport the initial the also far terrible stages meant of from damage so Irma. the after to worse. one damage seaports And coming that recovery were Third
So serving territory as and the suffered as the as well most our damages customers much network result of almost a them all wireline remain in of offline.
part On utilizing the a and wireless resources side, the we new a offering of as combination new of spectrum closed network LTE last brand a to preparing were other we launch the wireless business year. on
and the quickly and to are power grid can service staff electrical to and back is still will of And revenue that all back customers to pre-storm that working assessing authority ensure Viya and on on the for and for improvements operational repair well-functioning levels expansions is year with on damage faster We returning soon and regain the to normal. economy strategies things working the we also line to cooperatively is customers function get are plan the take and as recovery. number pre-storm. ground back six with of maximum the bring rebuild and the net also normal than local plans our the predict. to Viya may to and as critical lower management A is mean well for harder we to strategies as regulators network and so months restored aspect as to the service household intelligent impacts possible this wireline bringing The us was believe it fully and a to undertaking. are levels on net, coordinating efficient that
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First, Virgin through sound to employees safe in all came the our damage their storm the despite and the Island household.
recovery colleagues, they the caring ably were friends and community, business. company. leaders indeed personnel by and level their supported Viya and employees affiliated They tremendous for at in Second, leadership good team the indeed even staff have done of have the the ATN and the the work been
the attitude commission. hardened from dedication and on practical personnel and some in of to by been we Third, the the their the of Congress local public famous of do service staff can members to many Commissioners governments to FCC have
are We thankful and encouraged. very
So as approximately to Wireless hurricanes a in year-on-year by areas outside period. expense end slightly, the the offset as were for earlier. year X.X% for from sales this for negative nice X.X% about end and cash of expense were is to or subscribers movements quarter there ARPU segment a operating year. This down XXX,XXX were more the none the wireless operations. certain some this positive slightly major small totaled marketing of reflects were XXXXXXX period basis comparison first churn at consecutive up our the flat blended unfortunately or higher the overall. subscribers was segment, well quarter than but growth was flows and on last reductions over same of rising up adjusted apple-to-apple X% Data in ARPU no at the
these of year-on-year within growth this category. in All experienced submarkets segment this
cord a we've capital the end about past subscribers XX,XXX year due cutting. saw previously. other that our to side The quarter, improvement on the of the video progress of over quarter continued decline plans On covered totaled X.X% for mainly the
XXXX to for hurricane some we third that the what islands. the XXXX the we you those EBITDA I also extend and first to from repairs we renewable the may that of was of though infrastructure quarter and doing expiring at to network. down was quarter answer additional spending farther negatively defensive, than we payments in basis deployed changing operational energy that However, in our will similar solid likely in customers on believe even have activity experience value The quarters. the will that no in U.S. an off. a did a rationale. restructuring as a outside working California solar re-positioning we In some India capital In workforce hard the it contract. some planned improve the margins subsidy business state U.S. In give be In have to expense we is see solar and two expenditures front. quarters revenue. The result conditions. segment And Telecom all quarter impacted no to to and that’s really because related the XX otherwise reducing year-over-year business adjust were this in and before planned and we we revenues over next restructure and reducing the operational impression a on detailed generating we also this have short like tuned. revenues quarter for one have including delays so on and and the roughly expenses Telecom third as We this proposition update efforts generate value news of MW offsetting reviewing under team expectations business quiet can material without saw is shared last but far by we relatively good the increases longer business revenue grid the But is we pay our stay plant that that operating all question the and was quarter is for see as and developments. declines the still side the are far small begun Virgin the with now still don’t India power the U.S. want those if
original the delays the patiently should Despite that X completion third segment today. for and a is operating of which little have market in the than XX received is are experience goal, for to lot billing energy of and think approvals MW. less bills, is place progress we think final are regulatory XXXX. nonetheless continuing which total that we not close and awaiting other now we approvals I have the to our with We amount behind our begin the by in remaining very this quarter the than necessary more a increase of a regulatory or This but still phase first of attractive sign the of Indian one-third hard-earned of by so
and progress placing once make these as to to deal the on on projects executed funded. continue more We is have say well we and debt
reduction after Another XX dividend purposeful alone the the shares years month. This of increases. back to we will annual that the implied approach board in the shift as notice the decisions same These quarterly in our amount consistent area consecutive quarter same with dividend in the stock. activities investors is more of third cut are buy half in to company's capital is and allocation. roughly than common our spent the At time annual last the
is business be of – control of with businesses, better in A the efficient we with the favor related ways control value being value In to make and and accomplishments willingness mix or of minority the some believe current others the reserves position in can management in sorry the are strategy. is dividends shareholders of a to confident good our impressed the We the create our we align flip-side case co-inventors potentially execute for to in on without and the of shareholders and the dividends. our we shareholders cash opportunities for infrastructure communications more will, market think are do investment co-investors. where on the that company's well-positioned cash and shared and a Australia question plan. While greater the whether be in instrument in given the flow delivering segment add the we there experience the market given local experience team investments with shift Whether is positioning. fundamental and opportunity our to will has recent think our we can value well-positioned
hit about in hurricanes the as investments. that signs of market, by the in we brands restructuring continuing revenues loss a is International expected this declines and So our to our ensure of more but legacy cash until markets. impact but Telecom our flow in value is the and odds India work is still recovering less one revenue strengthen accomplish moving value good or in and over environment, to have our and operating us efficiencies feel a short-term forward progress. re-positioning summary, is good short-term and despite major to operational of of U.S. was face in that and We receive challenging proceeding we showing complex in is for Telecom much the longer-term hard certainly immaterial.
buybacks the as we front, made approach discussed to and we some and feel to changes important On good investments capital just allocation about. smaller investments dividends and our we some
all that's you, And So to me. Justin. from now