US-Virgin Islands based Atlantic Tele-Network, Inc. will receive a management fee of six percent of Bermuda Digital Communications Ltd. gross domestic revenues as part of its $4 million in equity and debt financing in the company.

Atlantic has taken a 30 percent equity stake in Bermuda Digital, which is due to be competing with The Bermuda Telephone Co. Ltd. in the provision of local cellular services this year.

As part of its agreement Atlantic has the option to purchase an additional ten percent of Bermuda Digital.

Atlantic, which trades on the American Stock Exchange, is currently in a dispute with the Guyana government over management fees from the Guyana Telephone and Telegraph Co., Ltd.

Atlantic owns 80 percent of Guyana Telephone and Telegraph Co., Ltd. The Guyana government owns the other 20 percent. Guyana Telephone provides local, long-distance, cellular and international service and is Atlantic's only revenue generator.

Last year the Guyana Public Utilities Commission ordered Guyana Telephone to cease paying management fees to Atlantic. The Commission also ordered Guyana Telephone to recover about $25 million in fees the company had paid to Atlantic since 1991.

A battle began in the courts over the payment with the result that the Commission voided $23 million in debt Guyana Telephone owed Atlantic. The Commission has also ordered Guyana Telephone to increase substantially the number of telephone lines and other services in the country.