Alaska Communications Systems Awarded State of Alaska Telecommunications Contract.Business Editors ANCHORAGE Anchorage (ăng`kərĭj), city (1990 pop. 226,338), Anchorage census div., S central Alaska, a port at the head of Cook Inlet; inc. 1920. , Alaska--(BUSINESS WIRE)--Dec. 10, 2001 Long Term Partnership is valued at over $92 million for ACS (Asynchronous Communications Server) See network access server. Alaska Communications Systems This article is about the current telecommunications company. For the historical "Alaska Communications System", see AT&T Alascom. Alaska Communications Systems, (or ACS) is a telecommunications corporation, headquartered in Anchorage, Alaska. Group, Inc. ("ACS") (Nasdaq: ALSK) announced today that it has entered into a 5-year $92 million telecommunications partnering contract with the State of Alaska. Under this agreement, ACS will provide a broad range of essential telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. to state agencies including telephone, long distance, cellular, Internet, video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. and satellite services. "We are very pleased with this award and view it as a significant milestone for both the State and ACS," said Wes Carson, President and CAO of ACS. "Over the past year, the State has been reviewing the proposals from three competitors, and we are honored that they have chosen ACS. As one of the most significant telecommunications users in Alaska, we believe the State provides an excellent example of how other large businesses and institutions can benefit from our new advanced IP network services to save money and increase capabilities." "The convergence of voice, data and video services will improve network efficiency, reliability and reduce costs for the State," Carson added. "This new IP network will also allow new advanced applications to be deployed for the benefit of State agencies and the people of Alaska. Early in 2002, ACS will also extend these advanced network services to other businesses and institutions throughout the State." Following today's contract execution, the State and ACS will move into a six-month implementation and transition period, during which the State's telecommunications services will be provided and managed by ACS. ACS will hold a conference call to discuss this significant award, as well as guidance for 2002 on Thursday, December 13, 2001 at 4:30 PM East Coast time. The dial-in number for this call will be 1-800-288-8976 and the participant access code is "2002 guidance call." About Alaska Communications Systems, Inc. ACS is the leading integrated communications provider in Alaska, offering local telephone service, wireless, long distance, data, and Internet services to business and residential customers throughout Alaska. ACS currently serves approximately 333,000 access lines, 79,000 cellular customers, 67,000 long distance customers and 51,000 Internet customers throughout the State. Statements contained in this press release that are not historical fact are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that involve a number of known and unknown risks or uncertainties. Additional factors, which may affect actual results, are contained in the Company's filings with the SEC. Forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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