The 44 percent owner of Bermuda Digital Communications Lts. (Cellular One) is moving its common stock to the Nasdaq National Market. Atlantic Tele-Network, Inc. expects to complete its listing transfer from the American Stock Exchange to the Nasdaq National Market and commence trading under the symbol "ATNI" on May 23 this year.

"We have made the decision to move to the Nasdaq National Market because of our belief that it will provide our stockholders with better liquidity and market pricing, and that it will be a better fit for the company at this stage in its development," said Michael T. Prior, president and chief executive officer of ATN.

"We have had a long relationship with the American Stock Exchange and appreciate all that they have done over the years to assist us and our stockholders."