ATN International Acquires Alaska Communications Systems Group
March 12, 2021
ATN International (ATN), together with financial partner Freedom 3 Capital, agreed to acquire Alaska Communications Systems Group in an all-cash transaction valued at about $332 million (including net debt), for $3.40 per share. Alaska Communications stockholders approved the deal in March 2021, and ATN later completed the acquisition in July 2021.
- Buyers
- ATN International, Inc., Freedom 3 Capital, LLC
- Targets
- Alaska Communications Systems Group, Inc.
- Industry
- Telecommunications
- Location
- United States
- Transaction Type
- Buyout
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