Alaska Communications gets $390M to bolster its statewide fiber network

Aug. 30, 2024
The new facility enables the service provider to better respond to consumer and businesses’ fiber broadband needs.

Alaska Communications has secured a new five-year $390 million senior secured credit facility to enhance its state fiber infrastructure and repay existing debt. 

Matt McConnell, CEO of Alaska Communications, said, “This new facility enhances our ability to meet the growing demands of our market.”

Fiber is a big focus for ACS.

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

Today, ACS’ fiber broadband service is available in select neighborhoods in Anchorage, Soldotna and Fairbanks. 

Rothschild & Co. served as Alaska Communications' financial advisor. Bank of America and Fifth Third Bank acted as Joint Bookrunners and Joint Lead Arrangers.

Serving the unserved

Besides building its fiber network, ACS is also participating in the Alaska FiberOptic Project, a collaboration with Alaska Native Regional Corporations and tribal entities that support communities along the Yukon and Kuskokwim Rivers.

Alaska Communications’ partners have received more than $100 million so far to build fiber-based broadband in 15 communities along the Yukon and Kuskokwim Rivers.

The project will bring high-speed fiber internet to up to 21 communities for the first time, creating new economic opportunities for rural residents.

Fiber construction in the Yukon River began this summer.

Ramping the workforce

As Alaska Communications looks to extend fiber networks itself and work with other providers like Matanuska Telecom Association (MTA), the company realizes that it needs to reinvigorate the telecom workforce to support new roll outs and network maintenance. 

Earlier this year, MTA and Alaska Communications created a new pact to address the need for telecom workers in Alaska to fulfill the growing need for broadband connectivity.

The partnership supports NECA/IBEW’s Alaska Joint Electrical Apprenticeship and Training Trust (AJEATT).

Commonly called an electrical apprenticeship school, the trust provides hands-on classroom and on-the-job training for various electrical jobs, including telecommunications.

For related articles, visit the Broadband Topic Center.
For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of fiber network deployments, subscribe to Lightwave’s Service Providers and Datacom/Data Center newsletters.

About the Author

Sean Buckley

Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.

Sponsored Recommendations

Unveiling the Synergy Between AI and Optical Networking

March 12, 2025
Join us for an engaging discussion with industry experts on the intersection of AI and optics. Moderated by Sean Buckley, editor-in-chief of Lightwave+BTR, this panel will explore...

AI and Network Convergence: Transforming Global Connectivity

March 7, 2025
In today’s hyperconnected world, rolling out and managing profitable, high-performance networks for access and transport will require innovative architectural approaches. The ...

Simplifying and Accelerating Rural Broadband Deployments

March 25, 2025
Explore how government initiatives and industry innovations are transforming rural broadband deployments, overcoming cost and logistical challenges to connect underserved areas...

Innovations Optical Transceivers

March 10, 2025
The continual movement around artificial intelligence (AI) cluster environments is driving new sales of optical transceiver sales and the adoption of linear pluggable optics (...