ATN International closes USD343m Alaska Communications takeover

30 Jul 2021

US-based telecoms group ATN International – along with its financial partner Freedom 3 Capital – has confirmed that it has completed its previously announced acquisition of Alaska Communications Systems Group. The all-cash transaction was valued at approximately USD343 million, including outstanding net debt. Under the terms of the merger agreement, each outstanding share of Alaska Communications’ common stock was converted into the right to receive USD3.40 in cash. Going forward, ATN will consolidate the results of Alaska Communications’ operations in its ‘US Telecom’ segment.

United States, Alaska Communications, ATN International (formerly Atlantic Tele-Network)