ACS reports third quarter loss, but it's less than 2000's

Alaska Communications Systems Inc. recorded a net loss of $1.4 million for the third quarter, an improvement from a $10.9 million net loss for the same period last year.

The Anchorage-based telecommunications company reported revenue increasing to $82.8 million, up from $74.9 million in third quarter 2000.

For the first nine months of the year ACS listed a net loss of $9.1 million compared with a net loss of $16.7 million for the same period in 2000.

Revenue for 2001 through Sept. 30 increased to $245.8 million, up from $233.8 recorded last year.

Local telephone revenue was $53.9 million for third quarter, also a gain from $50.8 recorded for third quarter 2000. Local telephone revenue for the first nine months of this year decreased from $168 million in 2000 to $163 million in 2001.

ACS reported a total of 333,166 access lines as of Sept. 30.

Cellular revenue climbed to $11 million for the third quarter, up from $10.9 million for third quarter 2000. Cellular subscribers totaled 78,758 for the quarter, an increase from 73,196 for the same period last year. Average cellular revenue per unit was $46.78 for the quarter, down from $49.72 recorded last year.

ACS listed 67,211 long-distance subscribers at the end of the third quarter, a jump from 39,734 subscribers recorded a year ago.

The company recorded Internet subscribers reached 50,500, up from 43,785 reported at third quarter 2000. ACS attributes the increase to its acquisition of MosquitoNet in Fairbanks early in July.

Updated: 
11/04/2001 - 8:00pm