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
- OSHA investigates fatal trench collapse at Conroe construction site
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Texas811 launches real-time excavation detection to prevent utility strikes
- Oil pipeline struck during fiber optic construction spills into L.A. storm drains
- Fiber drilling strike triggers major sewer failure, lawsuits in Florida
- Texas811 launches real-time excavation detection to prevent utility strikes
- Race Communications breaks ground on Bakersfield fiber network
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- Inside Infrastructure: Utility locators warn of systemic failures in damage prevention process
- Senate passes PIPELINE Safety Act aimed at strengthening buried utility protection
Comments