ATN International (with Freedom 3 Capital) Acquires Alaska Communications
March 12, 2021
ATN International, together with financial partner Freedom 3 Capital, completed an all-cash acquisition of Alaska Communications Systems Group, Inc. for $3.40 per share, a transaction valued at approximately $343 million including net debt. The deal, which closed in July 2021 after stockholder approval, takes Alaska Communications private and gives ATN a majority ownership stake as part of its US telecom expansion.
- Buyers
- ATN International, Inc., Freedom 3 Capital, LLC
- Targets
- Alaska Communications Systems Group, Inc.
- Sellers
- Alaska Communications stockholders
- Industry
- Telecommunications
- Location
- Alaska, United States
- Transaction Type
- Buyout
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