Alaska Communications Systems Group, Inc. (ALSK) - NASDAQ
  • Mon, May 9, 10:37 AM
    • Alaska Communications (NASDAQ:ALSK) is up 5.1% now after this morning's Q1 earnings saw it edging expectations while revenue shifted more heavily toward the business and wholesale side.
    • Total wireline performance was "robust" at near-5% growth, the company said, but overall revenues slipped more than 14% without the prior year's commitment from a now-disposed wireless unit ($12.1M revenues a year ago).
    • Revenue breakout: Total business and wholesale, $33.6M (up 11.9%); consumer, $9.5M (down 7%).
    • It reaffirmed full-year guidance for wireline revenue of about $228M, EBITDA of about $59M (vs. consensus of $58.2M), capex of $35M and free cash flow of about $5M.
    • Conference call to come at 2 p.m. ET.
    • Press Release
    | Mon, May 9, 10:37 AM | 1 Comment
  • Thu, Mar. 3, 9:48 AM
    • Alaska Communications (NASDAQ:ALSK) is up 2.9% after reporting Q4 earnings that beat expectations on top and bottom lines as the company achieved planned synergies from the sale of its wireless business.
    • Revenues fell 27% as the company transitioned out of wireless operations; in continuing wireline sales, revenues grew 5.8%. EBITDA was $13.8M, bringing run-rate adjusted EBITDA to $55.4M.
    • Revenue breakout: Business and wholesale service, $32.2M (up 15.7%); Consumer service, $9.7M (down 6.3%); Access and Other, $14.8M (down 4%).
    • At year-end, net debt was $161.7M and cash at $36M.
    • The company's guiding to 2016 revenue of about $228M, vs. expected $224M (one estimate), adjusted EBITDA of about $59M, capex of $35M and free cash flow of $5M.
    • Conference call to come at 3 p.m. ET.
    • Press Release
    | Thu, Mar. 3, 9:48 AM | 5 Comments
  • Tue, Feb. 9, 1:38 PM
    • CyrusOne (CONE +0.3%) and Alaska Communications (ALSK -3.2%) have set a partnership where the latter will serve as a channel partner and use CyrusOne's Houston data center to give business/government customers secure storage alongside connectivity to Alaska.
    • "Our customers trust us to securely enable their migration to the cloud," says Alaska Communications chief Anand Vadapalli, "and this partnership now connects Alaska businesses to any of CyrusOne's Lower 48 data centers."
    • The deal will provide interconnectivity via CyrusOne's Internet Exchange to dispersed strategic data center sites in the continental U.S.
    | Tue, Feb. 9, 1:38 PM | 2 Comments
  • Aug. 10, 2015, 9:50 AM
    • Alaska Communications (NASDAQ:ALSK) is off 2.3% after swinging to a net loss in Q2 as it transitions away from wireless toward broadband and IT Managed Services.
    • The firm beat revenue expectations despite a 31% drop-off tied to selling its wireless business in February. Adjusted EBITDA of $11.1M beat an expected $8.96M.
    • Revenue breakout: Business/wholesale service revenue, $29.9M (up 7.7%); consumer service revenue, $10.1M (down 3.1%); equipment sales, $1.3M (up 4.6%); access, $8.5M (down 5.5); high cost support, $4.9M (down 30.5%).
    • Looking forward the company pointed to a "record-breaking month" of new sales activity in July (signing deals for annualized new revenues of $7.8M) and reiterated its full-year guidance for revenues of $220M (light of an expected $231.5M) and run-rate adjusted EBITDA exiting 2015 of $54M-$56M.
    • Conference call to come at 2 p.m. ET.
    | Aug. 10, 2015, 9:50 AM | 1 Comment
  • Jul. 29, 2015, 6:07 PM
    • Alaska Communications (NASDAQ:ALSK) says its senior VP of Human Resources and Process Transformation, Jim Johnsen, has resigned, effective this Friday, July 31.
    • Johnsen has been named president of the University of Alaska, beginning Sept. 1. He's led the human resources and process transformation functions at the company since joining in 2011 from Doyon Limited.
    • Meanwhile, shares rose 8% today on light volume, helping regain some of the past month's losses. The stock is down 9.2% over that time period. It's still up 20.7% YTD.
    | Jul. 29, 2015, 6:07 PM
  • Mar. 4, 2015, 4:51 PM
    • Alaska Communications (NASDAQ:ALSK) issued solid earnings guidance and beat revenue expectations during a quarter in which it worked to unload a wireless business that had presented a debt overhang.
    • Loss on impairment of goodwill of $6M helped push the firm to an operating loss of $884K. Net loss was $5.36M. Adjusted EBITDA was $22.3M (up 34%), beating an expected $20.7M.
    • The company's guiding to "continued top line performance, steady deleveraging and achieving run rate adjusted EBITDA exiting 2015 through targeted synergies."
    • More specifically, it expects total wireline revenue of $220M, in line with expectations, and EBITDA of $54M-$56M vs. expectations of about $40M.
    • Shares have turned lower after hours, -5.3%.
    • Conference call at 5 p.m. ET.
    • Previously: Alaska Communications wraps sale of wireless business (Feb. 02 2015)
    | Mar. 4, 2015, 4:51 PM | 8 Comments
  • Dec. 5, 2014, 12:50 PM
    | Dec. 5, 2014, 12:50 PM | 2 Comments
  • Dec. 5, 2014, 9:10 AM
    | Dec. 5, 2014, 9:10 AM
  • Dec. 4, 2014, 4:48 PM
    • Alaska Communications (NASDAQ:ALSK) is selling its remaining 33% stake in The Alaska Wireless Network (AWN) to GCI Communications for $300M in cash. The carrier plans to use the proceeds to cut its debt load to $165M from $415M.
    • The deal is expected to close in Q1 2015. Following its close, Alaska expects to "improve Adjusted EBITDA by creating synergies of approximately $12 million," and focus on its wireline and managed IT solutions ops.
    • For reference, Alaska had a market cap of only $61.4M as of today's close. The company's wireless and AWN revenue fell 26% Y/Y in Q3 due to competition from Verizon and the loss of roaming/backhaul revenue. Subscribers stood at 109K.
    | Dec. 4, 2014, 4:48 PM | 4 Comments
  • Nov. 6, 2014, 12:11 PM
    • Alaska Communications (NASDAQ:ALSK) now expects 2014 revenue of $315M, above prior guidance of $310M (the sole analyst estimate is at $311M). Adjusted EBITDA guidance has been hiked by $2M to $92M, while free cash flow and capex guidance have respectively been kept at $20M and $40M-$45M.
    • Serivce/other revenue rose 6.7% Y/Y in Q3 to $53.4M, thanks partly to a 10.3% increase in broadband revenue to $17.3M.  Business/wholesale service revenue +11.6% to $28M; consumer service +2.1% to $10.4M (broadband growth offsetting voice declines).
    • Wireless and AWN revenue, hurt by Verizon competition and the loss of roaming/backhaul revenue, fell 26% Y/Y to $25.1M. Wireless connections fell by 515 Q/Q to 109,063, and ARPU dropped by $2.45 to $50.10.
    • Q3 results, PR
    | Nov. 6, 2014, 12:11 PM | 2 Comments
  • Jul. 29, 2014, 10:14 AM
    • Windstream's (WIN +22.3%) plans to spin off some of its telecom network assets into a REIT (following a favorable IRS ruling) has lit a fire under U.S. telecom carriers, as investors bet more REIT announcements will happen. Some might also be hoping REIT spinoffs spark additional M&A activity in an industry that has seen plenty of it.
    • Frontier (FTR +15.8%) and CenturyLink (CTL +8.1%) are also off to the races, and AT&T (T +3.9%), Verizon (VZ +1.9%), and Sprint (S +2%) aren't doing badly either.
    • Other gainers include Alaska Communications (ALSK +5.2%), TDS (TDS +4.1%), and Lumos Networks (LMOS +5.5%), as well as Level 3 (LVLT +5.9%) and merger partner TW Telecom (TWTC +5.2%). Level 3 posted a Q2 beat this morning.
    • Windstream's spinoff will feature its fiber/copper networks and other real estate. The company expects to retire $3.2B in debt following the spinoff (expected to close in Q1 2015), and to have the REIT raise $3.5B in debt.
    • Windstream plans to have an aggregate annual dividend of $0.70/share following the spinoff ($0.60 for the REIT, $0.10 for Windstream proper). That's down from a current $1.00/share.
    | Jul. 29, 2014, 10:14 AM | 5 Comments
  • Jul. 29, 2014, 9:08 AM
    | Jul. 29, 2014, 9:08 AM | 1 Comment
  • Mar. 7, 2014, 12:45 PM
    | Mar. 7, 2014, 12:45 PM | 2 Comments
  • Mar. 7, 2014, 9:12 AM
    | Mar. 7, 2014, 9:12 AM | 3 Comments
  • Mar. 6, 2014, 6:52 PM
    • Alaska Communications (ALSK) expects 2014 revenue of $310M, above a $289.4M consensus. But free cash flow is expected to fall to $20M from a 2013 level of $22M. Capex is expected to drop to $40M from $47.7M.
    • Adjusted EBITDA, pressured by the loss of $15.7M in revenue tied to the Alaska Wireless Network deal, fell 50% Y/Y to $16.6M. Consumer service revenue +2% to $10.1M, business/wholesale services -1% to $25.6M.
    • Consumer access lines fell by 1.4K Q/Q to 49.3K, and business access lines by 200 to 79.8K. Consumer broadband connections rose by 600 to 38.7K, and business broadband connections by less than 100 to 19.3K.
    • 3.2K wireless subs were lost in Q4; the company now has 108.8K. Wireless service revenue (hurt by Verizon's arrival in Alaska) fell 6% Y/Y to $17.6M. ARPU rose to $53.14 from $52.08 in Q3 and $52.96 a year ago. Churn was 3.4% vs. 3.2% in Q3 and 3.7% a year ago.
    • Q4 results, PR
    | Mar. 6, 2014, 6:52 PM
  • Mar. 6, 2014, 5:40 PM
    | Mar. 6, 2014, 5:40 PM
Company Description
Alaska Communications Systems Group, Inc. provides telecommunications and network services to consumer, business and enterprise customers in the state of Alaska. It provides communications and managed services including voice and broadband data network hosting, information technology management,... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States