ACS loses $25 million in 2000

PHOTO/Rob Stapleton/AJOC
Alaska Communications Systems reported a net loss of $25.2 million for 2000, compared to a combined operations loss of almost $18.8 million in 1999. The company also reported a fourth quarter net loss of nearly $8.5 million, compared to a $14.8 million loss for the same period in 1999.

Figures for 1999 are based on combining the data for operations ACS acquired in May 1999.

For the year ACS listed revenue totaling nearly $313 million, up from $299.9 million. Fourth quarter revenue totaled $79.2 million, down from $79.3 million in 1999.

Local telephone revenue grew to $251.4 million, up from $249 million on a combined basis in 1999 from former ATU Telecommunications and PTI Telecommunications operations. Local access lines rose from 313,001 in 1999 to 327,534 in 2000.

Long-distance revenue increased from $9.6 million on a combined basis in 1999 to $11.8 million in 2000. In 2000 long-distance subscribers totaled 57,537, up from 31,897 in 1999.

Cellular revenue increased from $36 million on a combined basis in 1999 compared to $39.5 million in 2000. Cellular subscribers totaled 75,933 in 2000, up from 73,068 in 1999. ACS reports average annual revenue per unit also climbed, from $41.96 in 1999 to $44.23 in 2000.

Internet revenue rose from $4.9 million in 1999 to $9 million in 2000. The company attributes the increase to startup of its digital subscriber line service as well as the acquisition and integration of Internet Alaska in 2000.

03/03/2001 - 8:00pm