Key Developments: Alaska Communications Systems Group Inc (ALSK.OQ)

ALSK.OQ on NASDAQ Stock Exchange Global Select Market

2.55USD
1 Aug 2013
Price Change (% chg)

$0.18 (+7.59%)
Prev Close
$2.37
Open
$2.35
Day's High
$2.58
Day's Low
$2.35
Volume
120,663
Avg. Vol
89,906
52-wk High
$3.28
52-wk Low
$1.55

Search Stocks

Latest Key Developments (Source: Significant Developments)

Alaska Communications Systems Group Inc Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Thursday, 1 Aug 2013 04:05pm EDT 

Alaska Communications Systems Group Inc announced that for fiscal 2013, it expects total revenue to be $340-$350 million and EBITDA to be $105-$110 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $351 million and EBITDA of $107 million for fiscal 2013.  Full Article

Alaska Communications Systems Group Inc And General Communication Inc Announce Closing Of Alaska Wireless Network, LLC
Tuesday, 23 Jul 2013 08:55am EDT 

Alaska Communications Systems Group Inc and General Communication Inc (GCI) announced the companies have completed the previously announced transaction to form The Alaska Wireless Network, LLC (AWN). Alaska Communications and GCI, a wireless providers in Alaska, have each contributed their respective wireless assets, including spectrum licenses, cell sites, backhaul facility usage rights, and other assets necessary for AWN to design, build, and operate a statewide wireless network. From the start, AWN`s network will cover more of Alaska`s population than the network of any other wireless provider. AWN will provide the latest wireless services, including LTE, to its owners, Alaska Communications and GCI. Alaska Communications and GCI will independently sell these services to their respective retail customers and continue to operate as competitors in Alaska. Under the transaction, Alaska Communications owns one third and GCI owns two thirds of AWN. Under the terms of the agreement, Alaska Communications will receive $100 million cash and is eligible to receive preferred distributions totaling up to $190 million over the first four years of operation. GCI will receive all remaining available distributions over the first four years. Distributions thereafter will be on a pro rata ownership basis. Evercore acted as financial advisor to Alaska Communications, with The Stephens Group providing an additional fairness opinion.  Full Article

Alaska Communications Systems Group Inc Reaffirms FY 2012 Revenue Guidance; Updates FY 2012 EBITDA Guidance
Thursday, 1 Nov 2012 04:10pm EDT 

Alaska Communications Systems Group Inc announced that for fiscal 2012, it expects revenue of between $355-$365 million and EBITDA of approximately $120 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $359 million and EBITDA of $114 million for fiscal 2012.  Full Article

Alaska Communications Systems Group Inc Announces Quarterly Cash Dividend
Wednesday, 19 Sep 2012 04:05pm EDT 

Alaska Communications Systems Group Inc announced its board of directors declared a quarterly cash dividend of $0.05 per share on the company's common stock. The dividend is payable on October 17, 2012, to stockholders of record at the close of business on September 28, 2012.  Full Article

Alaska Communications Systems Group Inc Reaffirms FY 2012 Revenue Guidance; Updates FY EBITDA Guidance
Monday, 6 Aug 2012 04:05pm EDT 

Alaska Communications Systems Group Inc announced that for fiscal 2012, it expects revenues to be between $355 - $365 million and EBITDA moves from modestly above 2011 levels of $125 million to around $120 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $360 million for fiscal 2012.  Full Article

Alaska Communications Announces Quarterly Cash Dividend
Thursday, 14 Jun 2012 04:05pm EDT 

Alaska Communications announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company's common stock. The dividend is payable on July 18, 2012, to stockholders of record at the close of business on June 29, 2012.  Full Article

Alaska Communications Systems Announces Quarterly Cash Dividend
Tuesday, 20 Mar 2012 04:05pm EDT 

Alaska Communications Systems announced that its Board Of Directors declared a quarterly cash dividend of $0.05 per share on the company's common stock. The dividend is payable on April 18, 2012, to stockholders of record at the close of business March 30, 2012.  Full Article

Alaska Communications Systems Issues FY 2012 Revenue Guidance Above Analysts' Estimates; Comments On FY 2012 EBITDA Guidance
Thursday, 1 Mar 2012 04:05pm EST 

Alaska Communications Systems announced that for fiscal 2012, it expects revenues to be between $355 - $365 million and EBITDA will modestly increase from $125 million in 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $343 million for fiscal 2012.  Full Article

Alaska Communications Systems Announces Quarterly Cash Dividend
Wednesday, 21 Dec 2011 05:05pm EST 

Alaska Communications Systems announced that its Board of Directors has approved a fourth quarter dividend of $0.05 per share, payable on January 18, 2012 to shareholders of record as of December 30, 2011.  Full Article

Alaska Communications Systems Reaffirms FY 2011 Guidance
Tuesday, 8 Nov 2011 04:30pm EST 

Alaska Communications Systems reaffirmed fiscal 2011 guidance and expects revenue to modestly exceed fiscal 2010 levels of $342 million and EBITDA to be in line with fiscal 2010 levels of $126 million.  Full Article

Search Stocks