Exhibit 99.1

Alaska Communications Reports Fourth Quarter and Year-end 2020 Results

  • Reported total revenue of $240.6 million, exceeding guidance and an increase of 3.8% year over year
  • Delivered strong fourth quarter revenue, driven by 12.7% increase in business and wholesale revenue
  • Met Adjusted EBITDA and Adjusted Free Cash Flow guidance
  • Increased broadband service locations in underserved areas by approximately 33%
  • Alaska Communications shareholders approved transaction with ATN International

ANCHORAGE, Alaska--(BUSINESS WIRE)--March 15, 2021--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for the fourth quarter and year ended December 31, 2020.

“We are pleased with our strong financial performance for 2020, driven by broadband growth and increased customer cloud infrastructure during this unprecedented year. We are proud of our team and their continued exemplary customer service to our communities, particularly the education and healthcare areas. During 2020, we continued to invest in our network and expanded our broadband service by more than 3,700 locations in underserved areas of Alaska, an increase in locations of approximately 33%. In addition, we began mesh fixed wireless trials, offering internet speeds up to 1 Gig. In 2021, we plan to expand our mesh network as part of our strategy to upgrade one third of our network, extending our reach to approximately 42,000 new and existing customer locations with new or improved service.

“On March 12, 2021, our shareholders approved our merger with a subsidiary of ATN International, Inc. This transaction positions us to remain the premier communications partner within the state of Alaska, while providing significant opportunities to grow. We expect synergies in fiber infrastructure expansion and in the latest technologies for commercial customers, including next-generation managed services and private network solutions,” said Bill Bishop, President & CEO.

Fourth Quarter 2020 Compared to Fourth Quarter 2019

  • Total revenue was $62.3 million, compared to $58.3 million, an increase of 7.0%.
    • Business and wholesale revenue was $43.2 million, compared to $38.3 million, up 12.7%.
    • Consumer revenue was $9.0 million, compared to $9.2 million, a decrease of 2.6%.
    • Regulatory revenue was $10.2 million, compared to $10.8 million, a decrease of 5.2%.
  • Operating expenses were $68.2 million, including $9.6 million of transaction expenses, compared to $51.3 million.
  • Operating loss was $5.8 million, compared to operating income of $7.0 million.
  • Net loss attributable to Alaska Communications was $8.2 million, compared to net income of $2.6 million.
  • Capital expenditures were $15.3 million, compared to $13.2 million, or excluding prefunded projects were $13.5 million, compared to $10.0 million.
  • Adjusted EBITDA was $14.9 million, compared to $17.9 million.
  • Adjusted Free Cash Flow was $2.9 million, compared to $9.7 million, or excluding prefunded projects was $2.4 million, compared to $9.3 million.

Full Year 2020 Compared to Full Year 2019

  • Total revenue was $240.6 million, compared to $231.7 million, an increase of 3.8%.
    • Business and wholesale revenue was $162.9 million, compared to $150.6 million, up 8.2%.
    • Consumer revenue was $36.6 million, compared to $37.0 million, a decrease of 1.2%.
    • Regulatory revenue was $41.1 million, compared to $44.1 million, a decrease of 6.7%.
  • Operating expenses were $228.7 million, including $9.6 million of transaction expenses, compared to $209.8 million.
  • Operating income was $11.9 million, compared to $21.9 million.
  • Net loss attributable to Alaska Communications was $1.1 million, compared to net income of $4.9 million.
  • Capital expenditures were $48.2 million, compared to $44.8 million, or excluding prefunded projects were $39.9 million, compared to $41.4 million.
  • Adjusted EBITDA was $64.1 million, compared to $62.7 million.
  • Adjusted Free Cash Flow was $14.4 million, compared to $16.0 million, or excluding prefunded projects was $15.3 million, compared to $10.4 million.

The following information was filed by Alaska Communications Systems Group Inc (ALSK) on Monday, March 15, 2021 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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