ACS News
From today’s TR Daily:
ALASKA COMMUNICATIONS COMPLETES CREST DEAL
Anchorage-based telecom services provider Alaska Communications Systems Group, Inc., has completed its acquisition of Crest Communications Corp., which operates a fiber-optic communications network linking Alaska to Oregon and Washington, for $70 million in cash. In addition to the Crest network assets, Alaska Communications expects to begin in January providing fiber-optic network service through its own network linking Alaska andOregon. Separately, Alaska Communications reported a 0.8% year-over-year revenue increase for the third quarter of 2008, to $101.3 million; the company’s operating income for the most recent quarter came in at $12.1 million, down from $17.8 million in the year-ago period. Alaska Communications common stock was down nine cents per share today, to $9.14.
