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Alaska Communications buys 51 percent of TekMate

Staff writer ▼ | February 4, 2014
Alaska Communications announced the purchase of 51 percent of TekMate, expanding on its acquisition of 49 percent interest in TekMate.
Alaska Communications
Alaska CommunicationsAlaska Communications announced the purchase of 51 percent of TekMate, expanding on its acquisition of 49 percent interest in TekMate.


The acquisition means Alaska Communications will continue to expand its portfolio of managed network and IT solutions for its business customers in addition to its existing broadband product offerings.

Being able to provide customers with end-to-end, 24X7 support for their broadband networks and IT infrastructure needs further solidifies Alaska Communications' partnership with its customers.

"We know our customers prefer focusing on their business and leveraging a local, reliable, trustworthy partner to solve their communications and IT challenges and opportunities. With this step, we advance the level of service our customers and all Alaska businesses need and deserve," said Randy Ritter, senior vice president, managed services for Alaska Communications.

Today's purchase will result in offering seamless integrated systems and personalized technology solutions. TekMate's 60 employees will join Alaska Communications' managed services group, resulting in one of the largest managed services organizations in Alaska.

TekMate generated $6.8 million revenue for the twelve months ended December 31, 2013. Alaska Communications expects to incur certain integration costs in 2014 associated with the transaction, which will offset TekMate financial performance. The acquisition, therefore, is not expected to materially increase Alaska Communications' EBITDA or free cash flow in 2014.


 

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