ANCHORAGE, Alaska--(BUSINESS WIRE)--
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 TekMate.
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
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 www.AlaskaCommunications.com.
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
Source: Alaska Communications