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February 3, 2014
08:57 EDTALSKAlaska Communications announces purchase TekMate
Alaska Communications announced the purchase of 51% of TekMate, a managed information technology services firms, expanding on its 2010 acquisition of 49% interest in TekMate. TekMate’s 60 employees will join Alaska Communications’ managed services group. 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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