Alaska Communications to extend 9,100-mile fiber network with $390 million infrastructure financing
(UI) – Alaska Communications has announced a major financial advancement with the establishment of a new five-year $390 million senior secured credit facility. The funds will be used to repay existing debt and to further invest in expanding the company’s fiber infrastructure across the state.
Alaska Communications is currently developing a network that spans 9,100 miles of fiber, connecting business and wholesale customers throughout the state. The company has plans to further extend its critical infrastructure to enhance connectivity in Alaska.
“This new financing represents a significant opportunity to enhance our fiber infrastructure in Alaska,” said Matt McConnell, CEO of Alaska Communications. “We are dedicated to contributing to a stronger state economy for Alaskans now and for years to come by enhancing connectivity with increased fiber capacity. The potential to expand fiber-based connectivity is immense, and this new facility enhances our ability to meet the growing demands of our market.”
Related News
From Archive
- HDD industry faces challenges as cities push back on fiber drilling disruptions
- 2 workers killed, 1 injured while working on sewer line in Mobile, Ala.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
- Tunnel boring continues under Chesapeake Bay for $3.9 billion HRBT Expansion project
- Judge approves construction for key portion of $485 million pipeline in Larimer County, Colo.
- New products: Latest industry developments
- 31 workers rescued after LA tunnel partially collapses
- Ohio Supreme Court rules sewer line location isn’t a ‘defect’ in property dispute
- Faulconer Construction begins rock blasting for water pipeline project in Charlottesville, Va.
- $5.3 billion, 516-mile pipeline to connect Texas to Arizona through New Mexico
Comments