Alaska Communications (NASDAQ: ALSK) has completed the first segment of the broadband network, reaching a critical milestone installing a pre-funded contract to build a high-capacity network in Alaska and provide network services to a major international telecommunications carrier and its customer, the company said.
The master agreement, executed in July 2019, includes provisioning of two secure broadband network routes scheduled for completion in early 2020 and service agreements for the next 10 years with the opportunity to extend for another 10 years. The company has received full payment for the completed route and has received the service order for the second route.
Alaska Communications is the provider of advanced broadband and managed IT services for businesses and consumers in Alaska. The company operates a highly reliable, advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous US For more information, visit www.alaskacommunications.com or www.alsk.com.