Alaska Communications Announces Purchase of TekMate
04 February 2014 - 12:55AM
Business Wire
Alaska 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 Communications.
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 or
http://www.alsk.com.
Alaska CommunicationsHeather Cavanaugh, 907-564-7722
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