ACS, Being Bought for $300M, Deploying 5G Backhaul, Has CBRS Spectrum
Alaska Communications Systems' $300 million purchase by Macquarie Capital and GCM Grosvenor should close in the second half of 2021 (also see personals section, this issue), CEO Bill Bishop noted on a call Thursday: The deal needs regulatory OK. ACS…
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Chairman Dave Karp said the takeover should mean more resources for operations. Q3 revenue was $60.5 million, up 2.3% year over year. ACS said it completed its subsea fiber network upgrade and is in the midst of deploying fiber for 5G backhaul, while fiber to the home remains a priority. Bishop said the spectrum bought in the FCC citizens broadband radio service auction covers more than 40% of the population of the state and would be used for broadband delivery.