Seeking Alpha

Alaska Comm. buys remainder of IT services firm, shares jump

  • Alaska Communications (ALSK) is acquiring the 51% of managed IT services firm TekMate it didn't purchase in 2010. Terms are undisclosed. (PR)
  • TekMate had $6.8M in 2013 revenue, and claims 60 employees. The company's IT services, which Alaska says will help it offer "seamless integrated systems and personalized technology solutions," officially cover everything from broadband to VoIP to IP video surveillance.
  • The acquisition lowers Alaska's dependence on standard telecom services a bit as it contends with Verizon's entry into the Alaskan mobile market.
  • ALSK +7.8% premarket.
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