December 5, 2014 | By Sean Buckley

Alaska Communications (ACS) has reached a deal to sell off its remaining wireless assets for $300 million to GCI Communications in a move that it says will help it deleverage its balance sheet while sharpening its focus on residential and business broadband services.

Under the terms of the agreement, ACS will sell its 33 percent interest in the Alaska wireless network and its subscriber base, a transaction they expect to close in the first quarter of 2015.

By having a stronger balance sheet, combined with top line and bottom line growth, ACS said it will be able to evaluate various opportunities to increase shareholder value.

 

Read more….

Pin It on Pinterest