Alaska Communications Announces Purchase of TekMate
ANCHORAGE, Alaska -- February 3, 2014
Alaska Communications (NASDAQ:ALSK) today announced the purchase of 51 percent
of TekMate, one of Alaska’s leading managed information technology (IT)
services firms, expanding on its 2010 acquisition of 49 percent interest in
The acquisition means Alaska Communications will continue to expand its
portfolio of managed network and IT solutions for its business customers in
addition to its existing broadband product offerings.
Being able to provide customers with end-to-end, 24X7 support for their
broadband networks and IT infrastructure needs further solidifies Alaska
Communications’ partnership with its customers.
“We know our customers prefer focusing on their business and leveraging a
local, reliable, trustworthy partner to solve their communications and IT
challenges and opportunities. With this step, we advance the level of service
our customers and all Alaska businesses need and deserve,” said Randy Ritter,
senior vice president, managed services for Alaska Communications.
Today’s purchase will result in offering seamless integrated systems and
personalized technology solutions. TekMate’s 60 employees will join Alaska
Communications’ managed services group, resulting in one of the largest
managed services organizations in Alaska.
TekMate generated $6.8 million revenue for the twelve months ended December
31, 2013. Alaska Communications expects to incur certain integration costs in
2014 associated with the transaction, which will offset TekMate financial
performance. The acquisition, therefore, is not expected to materially
increase Alaska Communications’ EBITDA or free cash flow in 2014.
To learn more about the company’s managed services, visit
About Alaska Communications
Alaska Communications is a leading provider of advanced broadband and managed
service solutions for businesses and consumers in Alaska. The company operates
a highly reliable, advanced statewide data and voice network with the latest
technology and the most diverse undersea fiber optic system connecting Alaska
to the contiguous United States. For more information, visit
http://www.alaskacommunications.com or http://www.alsk.com.
Heather Cavanaugh, 907-564-7722
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