Alaska Communications Secures USD 390 Million for Statewide Fiber Expansion

BySrikapardhi TelecomTalk

Published on Aug 30, 2024 5:44pm IST

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Alaska Communications Secures USD 390 Million for Statewide Fiber Expansion
Alaska Communications, a communications infrastructure provider in Alaska, has announced the establishment of a new five-year, USD 390 million senior secured credit facility. The funds will be used to repay existing debt and further invest in expanding the company’s fiber infrastructure across the state.

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Also Read: OneWeb Joins Connecting Alaska Consortium to Boost Access in Rural Alaska

Expansion of Fiber Infrastructure

The company is currently developing a network that spans 9,100 miles of fiber, connecting business and wholesale customers throughout Alaska. It also plans to extend its critical infrastructure to enhance connectivity in the state.

Importance of the Financing

“This new financing represents a significant opportunity to enhance our fiber infrastructure in Alaska,” said Alaska Communications. “We are dedicated to contributing to a stronger state economy for Alaskans now and in the years to come by enhancing connectivity with increased fiber capacity. The potential to expand fiber-based connectivity is immense, and this new facility enhances our ability to meet the growing demands of our market.”

Rothschild and Co served as the financial advisor to Alaska Communications, while Bank of America and Fifth Third Bank acted as Joint Bookrunners and Joint Lead Arrangers.

Also Read: Frontier Launches 7 Gbps Fiber Internet Service Nationwide

Alaska Communications

Alaska Communications provides communications infrastructure in Alaska and operates a fiber network as well as a diverse undersea fiber optic system that connects the state to the contiguous US.

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