Alaska Communications Systems Group, Inc.
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Alaska Communications Systems Group, Inc. - overview
Established
1998
Location
Anchorage, AK, US
Primary Industry
Telecoms
About
Alaska Communications Systems Group, Inc. provides telecommunications services, specializing in high-speed internet and voice offerings tailored for residential and business customers across Alaska. Founded in 1998 and headquartered in Anchorage, US, Alaska Communications Systems Group, Inc. focuses on delivering advanced communication solutions.
The company underwent a significant transition as it was publicly acquired by ATN International, Inc. in December 2020, in a transaction valued at USD 332 mn. The acquisition was facilitated through a holding company, supported by Freedom 3 Capital. Over its operational history, the firm has engaged in 6 notable deals, with the most recent transaction concluded at the end of 2020.
Alaska Communications primarily offers high-speed internet and voice services to both residential and business clients across various Alaskan locations. Their core product, high-speed internet, provides data speeds up to 2. 5Gbps, utilizing cutting-edge technology for reliable connectivity. The company emphasizes unlimited data usage to meet the demands of customers needing strong internet services for work and personal use.
In addition to internet services, they offer voice solutions that facilitate seamless communication for individuals and businesses alike. In 2020, Alaska Communications reported a revenue of USD 240. 57 mn and an EBITDA of USD 50. 02 mn.
The company's revenue model relies on subscription agreements for its internet and voice services, which allows for a consistent income stream from a diverse customer base engaging in monthly payment arrangements. Alaska Communications aims to leverage recent funding from ATN International, Inc. to bolster its service offerings and expand into new markets. The company is focused on developing new products and enhancing its infrastructure to support increased demand for high-speed internet solutions.
The acquisition, finalized in December 2020, will enable the company to pursue strategic initiatives aimed at improving service delivery and operational efficiency in existing and new regions.
Current Investors
ATN International, Inc.
Primary Industry
Telecoms
Sub Industries
IT Infrastructure, Internet Service Providers, Telecoms Providers & Services
Website
www.alsk.com
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Alaska Communications Systems Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Alaska Communications Systems Group, Inc. | - | ||||||||
| Private Debt | Completed | Alaska Communications Systems Group, Inc. | - | ||||||||
| Add-on | Completed | Wireless Business of Alaska Communications | - | ||||||||
| Trade Sale | Completed | Crest Communications, Inc. | - | ||||||||
| Private Placement/Follow on | Completed | Alaska Communications Systems Group, Inc. | - |
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