Alaska Communications Awarded Multi-Million Dollar, Pre-Funded Contract for Carrier Broadband Network in Alaska
July 19 2019 - 8:30PM
Business Wire
Alaska Communications (NASDAQ: ALSK) secured a pre-funded
contract to build a high-capacity network in Alaska and to provide
network services to a major international telecommunications
carrier and its customer. The agreement is expected to generate
significant revenue annually over the next 10 years with the
opportunity to extend for another 10 years.
While meeting the broadband needs of Alaska Communications’
carrier partner and its customer, the contract enhances the
company’s network at key locations. Further, this pre-funded
project yields significant upfront cash flows and generates
long-term revenue.
“We’re pleased to expand our relationships with
telecommunications carriers and their customers to deliver
high-speed broadband service,” said William H. Bishop, Alaska
Communications Interim CEO. “We continue to win in the marketplace
thanks to our proven ability to be a reliable, local, trustworthy
network partner with a customer-first focus.”
About Alaska Communications
Alaska Communications (NASDAQ: ALSK) is the leading provider of
advanced broadband and managed IT services for businesses and
consumers in Alaska. The company operates a highly reliable,
advanced statewide data network with the latest technology and the
most diverse undersea fiber optic system connecting Alaska to the
contiguous U.S. For more information, visit
www.alaskacommunications.com or www.alsk.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190719005432/en/
Media Contact: Heather Marron, 907-564-1326 Investor Contact:
Tiffany Smith, 907-564-7556 investors@acsalaska.com
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