Exhibit 99.1

Alaska Communications Reports Solid Fourth Quarter and Year-End 2016 Results

-Posted 2016 Total Wireline Revenues of $226.9 million, a 3.2% increase-

-Reported 2016 Business and Wholesale Revenue growth of 8.2% -

-Completed debt refinance and expect to launch Convertible Note tender offer-

-Established Share Repurchase Program for up to $10 million-

ANCHORAGE, Alaska--(BUSINESS WIRE)--March 14, 2017--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for its fourth quarter and full year ended Dec. 31, 2016.

“We delivered wireline growth for a third consecutive year in 2016. Year-over-year wireline revenue growth of 3.2% was driven by Business and Wholesale, which reported another year of solid growth at 8.2%. Our guidance for 2017 affirms our confidence in continued operating performance fueled by broadband market growth, continued share gain, securing an increased share of wallet with managed IT services and continued attention to cost management.

“Additionally, we are pleased to note several developments that we believe will generate further value to our shareholders. We have executed capacity agreements with Quintillion Networks that will open new markets in Northwest Alaska, creating yet another growth driver. We also entered into a senior credit facility that will extend our debt maturities and allow us to launch, in the near-term, a tender offer for all of our outstanding convertible notes. Lastly, by approving a stock repurchase program for up to $10 million with purchases expected to begin no earlier than some time during the second quarter, the Board has created another avenue of capital allocation for shareholder value creation.”

“We are confident in performing to our organic plan. In addition, we will continue to explore strategic actions to develop scale and geographic diversification for Alaska Communications by evaluating opportunities that leverage the very unique portfolio of skills and competencies we have developed over the last several years. We look forward to reporting progress on all fronts over the upcoming quarters,” said Anand Vadapalli, Alaska Communications president and CEO.

Revenue Highlights: Fourth Quarter 2016 compared to Fourth Quarter 2015 and Full Year 2016 to 2015

  • Wireline revenues:
    • Revenue increased quarterly 2.1 percent to $57.8 million and annually 3.2 percent to $226.9 million.
    • Total broadband revenue increased quarterly 8.3 percent to $30.1 million and annually 10.5 percent to $115.8 million.
  • Business and wholesale:
    • Comprised 60.3 percent of total revenue in 2016.
    • Increased quarterly 4.6 percent to $35.4 million and annually 8.2 percent to $136.9 million.
    • Broadband revenues increased quarterly 9.6 percent to $23.7 million and annually 14.7 percent to $90.8 million.
  • Consumer:
    • Comprised 16.6 percent of total revenue in 2016.
    • Revenue decreased quarterly 3.3 percent to $9.4 million and annually 5.7 percent to $37.7 million.
    • Broadband revenue increased quarterly 3.8 percent to $6.4 million and decreased annually 2.5 percent to $25.0 million.
  • Regulatory:
    • Comprised 23.0 percent of total revenue in 2016.
    • Revenue decreased quarterly 0.5 percent to $13.0 million and annually 2.0 percent to $52.3 million.

Financial Metrics: Fourth Quarter 2016 compared to Fourth Quarter 2015 and Full Year 2016

  • Net income for the fourth quarter was $1.6 million, compared to $0.3 million. Full year net income was $2.3 million, and represents the first full year of operations as a pure play broadband and managed IT services provider.
  • Net cash provided by operating activities for the fourth quarter was $8.8 million, compared to $7.1 million. Full year cash provided by operating activities was $37.3 million.
  • Capital expenditures for the fourth quarter were $8.6 million, compared to $12.7 million. Full year capital expenditures were $30.9 million.

The following information was filed by Alaska Communications Systems Group Inc (ALSK) on Tuesday, March 14, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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