Alaska Communications Systems Holdings, Inc http://www.alacrastore.com/company-snapshot/Alaska_Communications_Systems_Holdings_Inc-3663033 Saturday, October 11, 2008 7:45:52 AM 3663033 Alaska Communications Systems Holdings, Inc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/654936spcred/654936normThe latest Summary from S&Pglobal6/19/2008 1:19:31 PM175Summary654936United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsTelecommunications & CableSummaryThe ratings on Anchorage, Alaska-based Alaska Communications Systems Holdings Inc. (ACS) reflect significant competitive pressure within the limited Alaskan communications market; a shareholder-oriented financial policy; and expectations for negative discretionary cash flow for the next couple of years. Tempering factors include solid growth in the wireless business and adequate liquidity. ACS' overall business risk profile is weak, due mainly to the incumbent local exchange carrier business (ILEC), which has experienced access-line losses similar to those of other rural carriers because of intense competition, primarily from cable operator GCI Inc. Retail line losses were 5.9% in the first quarter of 2008, year-over-year, and have accelerated in recent quarters following a couple of years of stabilizing trends. This is partly due toUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKSUMMARYGLOBISSCORPTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/640778spcred/640778normThe latest News from S&P4/3/2008 10:48:58 AMNews100global640778United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableNewsNEW YORK (Standard&Poor's) April 3, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on Anchorage, Alaska-based Alaska Communications Systems Holdings Inc. (ACS) (B+/Stable) are not immediately affected by the company's proposed acquisition of Crest Communications Corp. for $70 million and its subsequent offering of $100 million of convertible notes due 2013 under rule 144A without registration rights. Proceeds from the notes will be used to fund the company's fiber build to the lower 48 states, as well as the Crest acquisition, which will give ACS redundant undersea fiber services. Our rating and outlook already incorporated the expectation that leverage would increase to the low 4x area from about 3.3x at year-end 2007. Longer-term, weUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKNEWSUSA36155W50101020 501010 5010 50GCI Inc.316100USA8798ZGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/632568spcred/632568normThe latest News from S&P2/26/2008 3:29:15 PMNews100global632568United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableNewsNEW YORK (Standard&Poor's) Feb. 26, 2008—Standard&Poor's Ratings Services said today that its ratings and outlook on Anchorage, Alaska-based diversified telecommunications carrier Alaska Communications Systems Holdings Inc. (B+/Stable/--) are not immediately affected by the company's recent announcement that it identified errors in its previously reported depreciation expense for 2006 and 2007. Management expects the restatement to result in an increase in depreciation expense of about $6 million to $8 million for 2006, and $5 million to $7 million for the nine months of 2007. ACS indicated that it is still completing its review but does not expect any significant changes to revenue or EBITDA. Additionally, management does not anticipate any impact on financial covenants or filing requirementsUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKNEWSGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/627445spcred/627445normThe latest Full Report from S&P1/24/2008 7:12:33 PMFull Report400global627445United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsTelecommunications & CableHigh TechnologyFull ReportStrong position as the largest incumbent local exchange carrier in Alaska; Expectations for healthy growth in the wireless business; and Adequate liquidity. Significant competitive pressures within the limited Alaskan communications market; Shareholder oriented financial policy; and Expectations for negative discretionary cash flow over the next couple of years. The ratings on Anchorage, Alaska-based Alaska Communications Systems Holdings Inc. (ACS) reflect significant competitive pressure within the limited Alaskan communications market; a shareholder-oriented financial policy; and expectations for negative discretionary cash flow in the next couple of years. Tempering factors include the company's strong position as the largest incumbent local exchange carrier in Alaska; expectations for healthy growth in the wireless business; and adequate liquidity. ACS continues to benefit from a favorableUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKFULLUSA01167P50101020 501010 5010 50Alaska Communications Systems Group Inc.364590USAALSKGLOBISSCORPTelecommunicationsHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/627447spcred/627447normThe latest Summary from S&P1/24/2008 7:12:33 PMSummary175global627447United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsTelecommunications & CableHigh TechnologySummaryThe ratings on Anchorage, Alaska-based Alaska Communications Systems Holdings Inc. (ACS) reflect significant competitive pressure within the limited Alaskan communications market; a shareholder-oriented financial policy; and expectations for negative discretionary cash flow in the next couple of years. Tempering factors include the company's strong position as the largest incumbent local exchange carrier in Alaska; expectations for healthy growth in the wireless business; and adequate liquidity. ACS continues to benefit from a favorable wireless environment and the upgrade of its wireless network to the code division multiple access 1xRTT and evolution data optimized technology. As of Sept. 30, 2007, the number of wireless subscribers was up 11% from a year earlier. However, this growth rate is somewhat slower than recent trendsUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKSUMMARYUSA36155W50101020 501010 5010 50GCI Inc.316100USA8798ZGLOBISSCORPTelecommunicationsHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/611676spcred/611676normThe latest Summary from S&P11/6/2007 3:29:32 PMSummary175global611676United StatesIntegrated Telecommunication ServicesUnited StatesGlobal IssuersCorporationsHigh TechnologyTelecommunications & CableSummaryThe ratings on Anchorage, Alaska-based Alaska Communications Systems Holdings Inc. (ACS) reflect significant competitive pressure within the limited Alaskan communications market, a shareholder-oriented financial policy, and expectations for negative discretionary cash flow in the next couple of years. Tempering factors include the company's strong position as the largest incumbent local exchange carrier in Alaska, expectations for healthy growth in the wireless business, and adequate liquidity. ACS continues to benefit from a favorable wireless environment and the upgrade of its wireless network to the code division multiple access 1xRTT and evolution data optimized technology. As of Sept. 30, 2007, the number of wireless subscribers was up 11% from a year earlier. However, this growth rate is somewhat slower than recent trendsUSA01167950101020 501010 5010 50Alaska Communications Systems Holdings Inc.333937USAALSKSUMMARYGLOBISSCORPHighTelecommunicationsCredit & Investment ResearchS&P Credit Research