Exhibit 99.1

Alaska Communications Reports Second Quarter 2020 Results

  • Increased total revenue 3.6% year over year, driven by 12.1% fiber and broadband growth to business customers
  • Continued investment delivers total fiber miles to over 155K, including expansion with wireless carriers and fiber to the home
  • Reported Net Income attributable to Alaska Communications of $2.4 million, and Adjusted Free Cash Flow of $8.6 million
  • Increased Adjusted EBITDA to $16.5 million from $13.9 million year over year
  • Driven by market demand, the first Azure Stack Hub in Alaska to be located in Company data center
  • Reaffirms guidance despite COVID-19 impacts

ANCHORAGE, Alaska--(BUSINESS WIRE)--August 5, 2020--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for the second quarter ended June 30, 2020.

“During the second quarter 2020, our superior network and established partnerships delivered strong performance despite the pandemic, led by Business and Wholesale broadband growth of 12.1%, nearly all of which is fiber based revenue. We continue to strategically augment our existing fiber-based network, which includes the North Slope, a complete ring around the state of Alaska, the Pacific Northwest and two under-sea cables to the Lower 48.”

“In addition, we are strengthening our fiber infrastructure with several strategic initiatives to drive long-term growth. With interest from anchor customers, we will be the first Alaska provider of locally hosted Microsoft Azure Stack Hub cloud services, enriching users’ computing experience with greater flexibility, increased reliability and lower latency. Leveraging our marine assets, we won our first subsea 100Gb IRU to a carrier customer in April. In addition, we are enhancing our consumer platform, and with our fixed-wireless CAF II program, we now offer high-speed broadband access to over 16,000 rural Alaskans,” said Bill Bishop, president & CEO.

Three Months Ended June 30, 2020 Compared to 2019

  • Total revenue was $59.5 million, compared to $57.4 million, an increase of 3.6%.
    • Business and wholesale revenue was $40.0 million, compared to $37.0 million, up 8.1%.
    • Consumer revenue was $9.2 million, compared to $9.3 million, a decrease of 1.8%.
    • Regulatory revenue was $10.3 million, compared to $11.0 million, a decrease of 6.9%.
  • Operating expenses were $53.4 million, compared to $54.2 million.
  • Operating income was $6.1 million, compared to $3.2 million.
  • Net income attributable to Alaska Communications was $2.4 million, compared to $35 thousand.
  • Capital expenditures were $10.9 million, compared to $11.9 million, or excluding prefunded projects $7.8 million, compared to $11.9 million.
  • Adjusted EBITDA was $16.5 million, compared to $13.9 million.
  • Adjusted Free Cash Flow was $8.6 million, compared with Adjusted Free Cash Outflow of $3.1 million, or excluding prefunded projects $5.4 million, compared to an outflow of $3.1 million.

Balance Sheet Highlights

  • Cash was $46.0 million at June 30, 2020, compared to $28.3 million at December 31, 2019.
  • Net debt was $131.7 million at June 30, 2020, compared to $153.8 million at December 31, 2019.

Six Months Ended June 30, 2020 Compared to 2019

  • Total revenue was $117.7 million, compared to $114.3 million, an increase of 3.0%.
    • Business and wholesale revenue was $78.8 million, compared to $73.5 million, up 7.2%.
    • Consumer revenue was $18.3 million, compared to $18.5 million, a decrease of 1.2%.
    • Regulatory revenue was $20.6 million, compared to $22.2 million, a decrease of 7.3%.
  • Operating expenses were $105.8 million, compared to $105.1 million.
  • Operating income was $11.9 million, compared to $9.2 million.
  • Net income attributable to Alaska Communications was $4.8 million, compared to $0.3 million.
  • Capital expenditures were $18.4 million, compared to $20.4 million, or excluding prefunded projects $14.7 million, compared to $20.4 million.
  • Adjusted EBITDA was $32.6 million, compared to $29.1 million.
  • Adjusted Free Cash Flow was $18.7 million, compared with Adjusted Free Cash Outflow of $0.1 million, or excluding prefunded projects $11.2 million, compared to an outflow of $0.1 million.

The following information was filed by Alaska Communications Systems Group Inc (ALSK) on Wednesday, August 5, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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