Alaska Communications Systems Group Inc (ALSK) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Exhibit 99.1

Alaska Communications Reports Strong Fourth Quarter and Year-End 2015 Results

-Achieved Run-Rate Adjusted EBITDA of $55.4 million, in line with 2015 guidance-

-Posted Total Wireline Revenues of $219.8 million, a 2.2% increase-

-Reported full-year Business and Wholesale Revenue growth of 9.3% -

ANCHORAGE, Alaska--(BUSINESS WIRE)--March 3, 2016--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for its fourth quarter and full year ended Dec. 31, 2015.

“Alaska Communications set high goals for 2015. We successfully transitioned out of wireless operations and streamlined the business with a focus on areas of maximum opportunity such as a fiber broadband and IT managed services. Business and Wholesale revenue grew 9.3 percent, ahead of our longer term directional guidance and demonstrating our ability to take share. Achieving all of our planned wireless sale synergies, we delivered on our run-rate Adjusted EBITDA guidance.

“We are entering 2016 with momentum, positioning to become the premier cloud enabler for business. We expect to drive increasingly profitable growth and free cash flow expansion to generate long-term shareholder value,” Anand Vadapalli, president and CEO of Alaska Communications said.

Revenue Highlights: Year over Year Fourth Quarter

• Total service and other, representing Total Wireline revenues excluding any stub period wireless revenues:
  • Revenue increased to $56.6 million from $53.5 million, up 5.8 percent.
  • Total broadband revenue reached $19.4 million from $17.5 million, up 10.4 percent.
• Business and wholesale service:
  • Comprised 56.8 percent of total service and other revenue.
  • Revenue grew to $32.2 million from $27.8 million, up 15.7 percent.
  • Broadband revenues reached $13.4 from $11.1, up 20.8 percent.
• Consumer service:
  • Comprised 17.0 percent of total service and other revenue.
  • Revenue was $9.7 million, down 6.3 percent from $10.3 million.
  • Broadband revenue was $5.9 million, down 7.6 percent from $6.4 million.
• Access and Other:
  • Comprised 26.1 percent of total service and other revenue.
  • Revenue was $14.8 million, down 4.0 percent from $15.4 million.