M&A Deal Summary

Alaska Communications Acquires Anchorage Telephone Utility

On May 17, 1999, Alaska Communications acquired communications company Anchorage Telephone Utility for 295M USD

Acquisition Highlights
  • This is Alaska Communications’ 1st transaction in the Communications sector.
  • This is Alaska Communications’ largest (disclosed) transaction.
  • This is Alaska Communications’ 1st transaction in the United States.
  • This is Alaska Communications’ 1st transaction in Alaska.

M&A Deal Summary

Date 1999-05-17
Target Anchorage Telephone Utility
Sector Communications
Buyer(s) Alaska Communications
Deal Type Add-on Acquisition
Deal Value 295M USD

Target

Anchorage Telephone Utility

Anchorage, Alaska, United States
Anchorage Telephone Utility is a diversified local exchange and cellular telecommunications service provider. ATU also offers wireless cable TV, Internet access and home security services.

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Buyer(S) 1

Buyer

Alaska Communications

Anchorage, Alaska, United States

Category Company
Founded 1998
Sector Communications
Revenue 232M USD (2019)
DESCRIPTION

Alaska Communications is a fiber broadband and managed information technology services provider, focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers throughout the state. ACS' facilities-based communications network extends throughout Alaska and connects to the contiguous states via two diverse undersea fiber optic cable systems and usage rights on a third undersea system. ACS' network is among the most expansive in Alaska and forms the foundation of service to customers. Alaska Communications was formed in 1998 and is based in Anchorage, Alaska.


DEAL STATS #
Overall 1 of 5
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Alaska) 1 of 4
Country (United States) 1 of 5
Year (1999) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-09 Internet Plus

Fairbanks, Alaska, United States

Internet Plus, LLC (dba MosquitoNet) is an Internet Service Provider (ISP) located in Fairbanks, Alaska. MosquitoNet serves approximately 5,000 customers in the Fairbanks area with dial-up and high speed Internet access, as well as hosting solutions and other advanced services.

Buy -