Alaska Communications Systems Reaches Settlement With State

By | October 2, 2003 | Uncategorized

Anchorage, Alaska-based Alaska Communications Systems Group [Nasdaq: ALSK] has reached a voluntary settlement with the state of Alaska regarding the comprehensive telecommunications service agreement signed by both parties in December 2001. As part of the negotiated settlement, integrated communications service provider ACS will pay the state $3.4 million and the state will gain title to selected capital equipment, including satellite, teleconference and VoIP phones. The agreement targets Dec. 31 as the completion date for the transactions and ensures that ACS is eligible to compete for all new state telecommunications contracts.

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