Alaska Communication Drops Wireless Business

Alaska Communications, a postpaid and prepaid wireless and broadband carrier in the Alaska region, has officially closed the sale of all of its wireless assets to General Communication, Inc (GCI). No action is required on the part of customers, and no immediate changes to service and pricing is expected. According to the press release, Alaska Communication is planning on using the $300 million sale funds to help pay off debt and continue to invest in its booming broadband business. “Our broadband assets are already yielding industry-leading revenue growth. As we focus our attention and resources on reliable broadband and managed IT solutions, we look to be the partner of choice for Alaska businesses,” said Alaska Communications CEO and President Anand Vadapalli in the press release. This sale was first officially announced in December, and shouldn’t come as much of a surprise as Alaska Communications was already partnered with GCI in an attempt to fend off other wireless businesses. Official details on the sale will be released during the FY 2014 Financial Results earnings call later this quarter. For more information about the sale, check out the press release or contact GCI.]]>