Atn international, inc. completes acquisition of alaska communications

Beverly, mass., july 22, 2021 (globe newswire) -- atn international, inc. (nasdaq: atni) (“atn”) announced today that it, along with its financial partner freedom 3 capital, llc (“freedom 3”), has completed its previously announced acquisition of alaska communications systems group, inc. (“alaska communications”) in an all-cash transaction valued at approximately $343 million, including outstanding net debt. under the terms of the merger agreement, each outstanding share of alaska communications' common stock was converted into the right to receive $3.40 in cash. atn will consolidate the results of alaska communications' operations in its "us telecom" segment.
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