Time filter

Source Type

Anchorage, AK, United States

Alaska Communications Systems Group | Entity website

Alaska Communications wants you to be happy and healthy at work and at home. That's why we offer such an extensive benefits plan to our employees ...

Alaska Communications Systems Group | Entity website

The transformative potential of the cloud is delivered by reliable connectivity. As your broadband and managed IT services partner, Alaska Communications Direct Cloud Service provides a private, secure, reliable connection between your business and data center ...

Alaska Communications Systems Group | Entity website

Internet Over Ethernet Get the guaranteed service levels and dedicated public Internet access your business needs with our Internet Over Ethernet service. Our advanced network was designed to provide you with the least amount of downtime, latency, and jitter ...

Crawled News Article
Site: gigaom.com

Broadband Reports: notes that Alaska gets EV-DO aka 3G before New York City. The site notes that Alaska Communications Systems Group has launched an EV-DO wireless broadband service in the US. While this press release claims speeds “up to” 2.4Mbps, true speeds of these networks usually run around 300-500kbps downstream, with occasional bursts.

Crawled News Article
Site: www.businesswire.com

ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for the second quarter of 2015. “Solid second quarter results tracked with our expectations, delivering good sequential top line growth and meeting targeted operational milestones all of which bode well for continued performance. “In July, we posted a record breaking month of new sales activity with signed contracts representing annualized new revenues of $7.8 million. This incremental new revenue is expected to begin in the fourth quarter of this year giving further support to the momentum in Business and Wholesale revenue growth that makes us one of the fastest growing companies in our sector. “We are also on track with our planned synergies related to the sale of our wireless operations and achieved significant cost reductions toward the back half of the quarter. We expect the financial benefits in the form of lower operating expense to be reflected in the third quarter as planned. With lower operating expense levels going forward and our continued top line performance, we reaffirm our run rate Adjusted EBITDA exiting 2015 guidance and are well poised to deliver shareholder value,” said President and CEO Anand Vadapalli. Second Quarter 2015 Financial Highlights Compared to Second Quarter 2014 Top line performance was solid, as reflected by the following revenue categories. Impact of Cost Savings and Synergies Related to the Sale of Wireless Business “In addition to positioning the business for future strong performance, we have been diligently working to refinance the current balance of $80.4 million on the term loan facility that matures late next year. We are pleased we have secured commitment letters from lenders and look forward to finalizing the credit agreements to bring this process to a close,” said CFO Wayne Graham. The company’s 2015 guidance is confirmed as follows: 1. The purchase of the North Slope Network is not included in capital spending guidance. Schedule 5 presents the impact of this investment on overall capital spending results for the year. The company will host a conference call and live webcast on Monday, August 10, 2015 at 2:00 p.m. Eastern Daylight Time to discuss the results. The live webcast will include a slide presentation. Parties in the U.S. and Canada can access the call at 1-888-542-1137 and enter pass code 148513. All other parties can access the call at 1-719-955-1569. The live webcast of the conference call will be accessible from the “Events Calendar” section of the company’s website (www.alsk.com). The webcast will be archived for 90 days. A replay of the call will be available two hours after the call and will run until September 11, 2015, at 5:00 p.m. EDT. To hear the replay, parties in the U.S. and Canada can call 1-888-203-1112 and enter pass code 5979520. All other parties can call 1-719-457-0820 and enter pass code 5979520. Alaska Communications (NASDAQ: ALSK) is the leading provider of advanced broadband and IT managed 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. In an effort to provide investors with additional information regarding our financial results, in particular with regards to our liquidity and capital resources, we have disclosed certain non-GAAP financial information such as Adjusted EBITDA, and Free Cash Flow, which management utilizes to assess performance and believes provides useful information to investors. The definition of these non-GAAP measures are on Schedules 4 and 5 to this press release. Adjusted EBITDA, and Free Cash Flow are non-GAAP measures and should not be considered a substitute for net cash provided by operating activities and other measures of financial performance recorded in accordance with GAAP. Reconciliations of our non-GAAP measures to our nearest GAAP measures can be found on our website at http://www.alsk.com in the investment data section. Other companies may not calculate non-GAAP measures in the same manner as ACS. This press release includes certain “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s beliefs as well as on a number of assumptions concerning future events made using information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside ACS’ control. Such factors include, without limitation, our ability to realize cost savings from the sale of our wireless operations, Universal Service Fund changes, adverse economic conditions, adverse conditions in the credit markets impacting the cost, including interest rates, and/or availability of financing, including the refinancing of our senior credit facility maturing in October 2016, and the effects of competition in our markets, our relatively small size compared with our competitors, the Company’s ability to compete, manage, integrate, market, maintain, and attract sufficient customers for its products and services, adverse changes in labor matters, including workforce levels, labor negotiations, and benefits costs, disruption of our supplier’s provisioning of critical products or services, the impact of natural or man-made disasters, changes in Company’s relationships with large customers, unforeseen changes in public policies, and changes in accounting policies, which could result in an impact on earnings. For further information regarding risks and uncertainties associated with ACS’ business, please refer to the Company’s SEC filings, including, but not limited to, the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of the Company’s SEC filings may be obtained by contacting its investor relations department at (907) 564-7556 or by visiting its investor relations website at www.alsk.com. In an effort to provide investors with additional information regarding the Company’s results as determined by GAAP, the Company also discloses certain non-GAAP information which management utilizes to assess recurring performance and believes provides useful information to investors regarding baseline operating results. The Company has disclosed Adjusted EBITDA as net income before interest, depreciation and amortization, gain or loss on asset purchases or disposals, earnings on equity method investments, gain on the sale of our wireless operations, provisions for taxes, wireless transaction-related costs, loss attributable to noncontrolling interest, stock-based compensation, and expenses under the company’s long term cash incentive plan (“LTCI”). LTCI expenses are considered part of an interim compensation structure to mitigate the dilutive impact of additional share issuances for executive compensation. Distributions from AWN are included in Adjusted EBITDA. In an effort to provide investors with additional information regarding the Company’s results as determined by GAAP, the Company also discloses certain non-GAAP information which management utilizes to assess recurring performance and believes provides useful information to investors regarding baseline operating results. Free cash flow (“FCF”) is defined as Adjusted EBITDA, less recurring operating cash requirements which include capital expenditures, net of cash received for a fiber build for carrier customer, less cash interest expense, significant non-cash revenue associated with our interconnection agreement with AWN and GCI, and in Q2 2015 the purchase of the North Slope fiber network. ACS continues to have net operating losses and is not a significant taxpayer on ordinary income. Income taxes paid in 2015 are related to the Wireless retail sale and are not included in free cash flow.

Discover hidden collaborations