ATM is just a method of transferrring data. Asynchronous Transfer Mode. It is a fast-packet, cell switching technology for all types of broadband signals (be they voice, data, fax, video or image, compressed or uncompressed).
If you're worried about transfer rates, it varies from DS-1 and DS-3; OC-1 and OC-3. Backbone transmission rates are DS-3 and OC-1 at a minimum, and generall OC-3 or better. The nice thing about ATM is that it is scaleable in both bandwidth and geographic terms.
I can get alot more technical and start throwing around lots of acronyms, but it won't do much good.