Alaska Communications Systems (NASDAQ: ALSK) and
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Alaska Communications Systems (NASDAQ: ALSK) and General Communications Inc. (NASDAQ: GNCMA) Infrastructure Merger in the Works
Alaska Communications Systems (NASDAQ: ALSK) is an integrated communications company that provides service to clients in and outside of Alaska. The company connects to the lower 48 via two undersea fiber optic cable systems. The company began doing business in 1999 after acquiring the Alaska Telephone Utility and CenturyTel’s Alaska assets. ALSK is expected to realize an infrastructure merger with General Communications Inc. (NASDAQ: GNCMA) sometime in mid 2013 as Verizon (NYSE: VZ) enters the market. If the merger is approved, the two companies will still sell their own plans but clients will access the Alaska Wireless Network infrastructure which will be the result of the assets of the ALSK and GNCMA. The move will make both companies much more competitive with Verizon.
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