Alaska Telecommunications Services Agreement
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FAQ
The company was delisted from the Nasdaq stock exchange on Thursday, with shareholders paid $3.40 per share as part of the deal. Alaska Communications principally sells internet and phone service to businesses, but it's also the second-largest provider of home internet service.
On December 4, 2014, GCI Wireless agreed to purchase the wireless assets of Alaska Communications for $300 million. The deal was completed in the first quarter of 2015. In July 2021, Alaska Communications was acquired by the Nasdaq-listed company ATN International Inc. for $343 million.
ACS employs about 570 people, providing high-speed broadband and telecommunications services in Alaska. If the new deal is finalized, ACS will be a privately held company owned by ATN. Heather Marron, a spokeswoman with ACS, said that will give it more resources to invest in the network, employees and customers.
On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl.
Alaska Communications announced on Monday that it would be bought by a newly formed entity owned by ATN International and Freedom 3 Capital. The $332 million cash deal, which includes net debt, surpassed the $300 million, all cash deal that was previously announced with an affiliate of Macquarie and GCM.
Alaska Communication is a telecommunication corporate based in Alaska, the United States founded in 1998. AnandVadapalli us the current CEO of the company. Alaska Communication is the best provider of IT services and broadbands.
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