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January 6, 2021

Alaska Communications

Alaska Communications Systems Group announced that it entered into a definitive agreement to be acquired by a newly formed entity owned by ATN International and Freedom 3 Capital, in an all cash transaction valued at approximately $332 million, including net debt. The merger will result in Alaska Communications becoming a consolidated, majority owned subsidiary of ATN and is expected to close in the second half of 2021. Alaska Communications' prior agreement to be acquired by an affiliate of Macquarie Capital and GCM Grosvenor has been terminated. The merger is subject to the approval of Alaska Communications' stockholders, regulatory approvals and other customary closing conditions.




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