Edition:
United Kingdom

Alaska Communications Systems Group Inc (ALSK.OQ)

ALSK.OQ on NASDAQ Stock Exchange Global Select Market

1.68USD
9:00pm BST
Change (% chg)

$-0.01 (-0.59%)
Prev Close
$1.69
Open
$1.69
Day's High
$1.71
Day's Low
$1.68
Volume
6,822
Avg. Vol
15,310
52-wk High
$2.08
52-wk Low
$1.37

Latest Key Developments (Source: Significant Developments)

Alaska Communications Says William Bishop COO To Act As Interim CEO
Friday, 14 Jun 2019 

June 14 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS ANNOUNCES CEO TRANSITION.ALASKA COMMUNICATIONS SYSTEMS GROUP INC - WILLIAM H. BISHOP COO TO ACT AS INTERIM CEO.ALASKA COMMUNICATIONS SYSTEMS GROUP INC - ANAND VADAPALLI TO DEPART JUNE 30 -.ALASKA COMMUNICATIONS SYSTEMS - VADAPALLI WILL SERVE AS AN ADVISOR FOR BOARD AND MANAGEMENT DURING THIS TRANSITION PERIOD THROUGH END OF 2019.  Full Article

Alaska Communications Systems Group Posts Q1 Revenue Of $56.9 Mln Vs $56 Mln, A Year Ago
Monday, 6 May 2019 

May 6 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE $56.9 MILLION VERSUS $56 MILLION.RE-AFFIRMS 2019 GUIDANCE OF TOTAL REVENUE, ADJUSTED EBITDA, CAPITAL EXPENDITURE, ADJUSTED FREE CASH FLOW.QTRLY EARNINGS PER SHARE $0.00.  Full Article

Karen Singer Says Intends To Vote Against Alaska Communications' CEO Anand Vadapalli
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Alaska Communications Systems Group Inc ::KAREN SINGER SAYS ENTERED INTO COOPERATION AGREEMENT WITH ALASKA COMMUNICATIONS SYSTEMS - SEC FILING.KAREN SINGER SAYS ALASKA COMMUNICATIONS BOARD APPOINTED WAYNE BARR AND ROBERT PONS, TO BOARD RECOMMENDED BY KAREN SINGER.KAREN SINGER SAYS CONTINUES TO HAVE SERIOUS CONCERNS WITH ALASKA COMMUNICATIONS' PERFORMANCE UNDER CEO ANAND VADAPALLI.KAREN SINGER SAYS INTENDS TO VOTE AGAINST CEO ANAND VADAPALLI AT THE ANNUAL MEETING.KAREN SINGER SAYS STRONGLY URGE ALASKA COMMUNICATIONS BOARD TO CAREFULLY RECONSIDER CEO ANAND VADAPALLI’S ROLE AT CO.KAREN SINGER - BELIEVES ALASKA COMMUNICATIONS' BOARD SHOULD TAKE ALL NECESSARY STEPS TO TERMINATE CEO ANAND VADAPALLI’S EMPLOYMENT NO LATER THAN END OF CURRENT TERM.  Full Article

Alaska Communications Reports Fourth Quarter And Year-End 2018 Results
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS REPORTS FOURTH QUARTER AND YEAR-END 2018 RESULTS.Q4 REVENUE $58.7 MILLION.SEES 2019 TOTAL REVENUE TO BE BETWEEN $230 MILLION AND $235 MILLION.SEES 2019 CAPITAL EXPENDITURES TO BE BETWEEN $40 MILLION AND $42 MILLION.SEES 2019 ADJUSTED FREE CASH FLOW TO BE BETWEEN $10 MILLION AND $12 MILLION.QTRLY EARNINGS PER SHARE $0.03.  Full Article

Alaska Communications Established A Single Term Loan Of $180 Mln With A Reduced Interest Rate Of Libor + 450 Basis Points
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS STRENGTHENS ITS LIQUIDITY AND FINANCIAL FLEXIBILITY, WHILE REDUCING BORROWING RATES, WITH REFINANCING OF ITS DEBT.ALASKA COMMUNICATIONS SYSTEMS GROUP INC - ESTABLISHED A SINGLE TERM LOAN OF $180 MILLION WITH A REDUCED INTEREST RATE OF LIBOR + 450 BASIS POINTS (BPS).ALASKA COMMUNICATIONS SYSTEMS - INCREASED REVOLVING CREDIT FACILITY TO $20 MILLION AT LIBOR + 450 BPS FROM $15 MILLION AT LIBOR + 500 BPS.ALASKA COMMUNICATIONS - SECURED A NEW DELAYED DRAW TERM LOAN ("DDTL") OF $25 MILLION AT LIBOR + 450 BPS, WHICH IS AVAILABLE FOR A PERIOD OF 24 MONTHS.ALASKA COMMUNICATIONS SYSTEMS - AT CLOSE OF REFINANCING, NET TOTAL DEBT AVAILABLE TO CO WILL BE $225 MILLION, WITH $180 MILLION DRAWN.ALASKA COMMUNICATIONS SYSTEMS - REFINANCING DEAL INCLUDES RETIRING HIGH COST A2 TRANCHE WHILE FAVORABLY REPRICING NEW TERM LOAN COMPARED TO A1 TRANCHE.  Full Article

Alaska Communications Systems Group Inc QTRLY Earnings Per Share $0.06
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS REPORTS SECOND QUARTER 2018 RESULTS.Q2 REVENUE $59.6 MILLION VERSUS $58.5 MILLION.COMPANY REAFFIRMS 2018 GUIDANCE.QTRLY EARNINGS PER SHARE $0.06.  Full Article

Alaska Communications Reports Qtrly Earnings Per Share $0.04
Wednesday, 9 May 2018 

May 9 (Reuters) - Alaska Communications Systems Group Inc ::ALASKA COMMUNICATIONS REPORTS FIRST QUARTER 2018 RESULTS.Q1 REVENUE $56 MILLION VERSUS $56.7 MILLION.QTRLY EARNINGS PER SHARE $0.04.SEES 2018 TOTAL REVENUE BETWEEN $225 MILLION AND $230 MILLION.SEES 2018 CAPITAL EXPENDITURES BETWEEN $33 MILLION AND $35 MILLION.  Full Article

Karen Singer Says On April 27, Sent Letter In Response To Alaska Communications Systems' Purported Rejection
Monday, 30 Apr 2018 

April 30 (Reuters) - Alaska Communications Systems Group Inc ::KAREN SINGER SAYS ON APRIL 27, SENT LETTER IN RESPONSE TO ALASKA COMMUNICATIONS SYSTEMS' PURPORTED REJECTION, BY LETTER DATED APRIL 26 - SEC FILING.KAREN SINGER SAYS TAR HOLDINGS REMAINS OPEN TO ENGAGING WITH ALASKA COMMUNICATIONS BOARD AND MANAGEMENT TO REACH MUTUALLY AGREEABLE RESOLUTION.  Full Article

Karen Singer Interested In Investing Further Capital Into Alaska Communications Systems
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Alaska Communications Systems Group Inc ::KAREN SINGER SAYS HAS CONTINUED TO ENGAGE WITH ALASKA COMMUNICATIONS REGARDING SETTLEMENT OF POTENTIAL PROXY CONTEST AT 2018 MEETING, AMONG OTHER THINGS.KAREN SINGER SAYS IS INTERESTED IN INVESTING FURTHER CAPITAL INTO ALASKA COMMUNICATIONS SYSTEMS GROUP - SEC FILING.KAREN SINGER SAYS IS INTERESTED IN ACQUIRING AN ADDITIONAL 10% OF THE COMMON STOCK IN ALASKA COMMUNICATIONS SYSTEMS.KAREN SINGER SAYS IS INTERESTED IN BACKSTOPPING ISSUANCE OF UP TO $15 MILLION OF CONVERTIBLE PREFERRED STOCK OF ALASKA COMMUNICATIONS AT $2 PER SHARE.  Full Article

Tar Holdings Says May Request Waiver Of Poison Pill In Order To Buy Up To 14.9 Pct Of Alaska Communications' Stock
Thursday, 8 Mar 2018 

March 8 (Reuters) - Tar Holdings::TAR HOLDINGS SAYS REMAINS OPEN TO ENGAGING WITH ALASKA COMMUNICATIONS' BOARD TO REACH A MUTUALLY AGREEABLE RESOLUTION - SEC FILING.TAR HOLDINGS SAYS MAY REQUEST WAIVER OF POISON PILL IN ORDER TO BUY UP TO 14.9 PERCENT OF THE ALASKA COMMUNICATIONS' STOCK.TAR HOLDINGS SAYS PLANS ON VOTING AGAINST RATIFICATION OF THE POISON PILL AT THE ALASKA COMMUNICATIONS' ANNUAL MEETING.  Full Article