UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 23, 2007
ALASKA COMMUNICATIONS SYSTEMS GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-28167 52-2126573
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
600 Telephone Ave, Anchorage, Alaska 99503
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 907 - 297 - 3000
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On October 23, 2007, ACS Cable Systems, Inc., a wholly owned subsidiary of
Alaska Communications Systems Group, Inc., entered into a definitive Supply
Agreement with Tyco Telecommunications, a business unit of Tyco Electronics
("Tyco"), to construct a long haul fiber facility that connects Alaska and the
Pacific Northwest.
The fiber facility, which is comprised of both terrestrial and undersea
elements, will originate in Anchorage, Alaska and terminate in Florence, Oregon.
Connectivity between Anchorage and Homer, Alaska will be provided by diverse
terrestrial routes plus an undersea interlink in Alaska's Cook Inlet from
Anchorage to Nikiski. The major undersea portion of the system will be comprised
of a 4 fiber pair system connecting Homer, Alaska, with the mid-coastal Oregon
town of Florence. The cable is designed for a life of 25 years. The date for
provisional delivery of the fiber facility by Tyco under the agreement is
December 31, 2008. We believe the fiber facility will be commercially available
in early 2009.
We estimate the total cost of the system, including the undersea portions of the
project and the complementary terrestrial system work to be approximately $95
million, $85.8 of which is payable directly to Tyco under the Supply Agreement.
Item 2.02 Results of Operations and Financial Condition
On October 25, 2007, Alaska Communications Systems Group, Inc. reported its
financial results for the quarter ended September 30, 2007. The press release is
attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
On October 25, 2007, Alaska Communications Systems Group, Inc. announced that it
entered into an agreement with Tyco to construct a fiber facility that connects
Alaska to the Pacific Northwest. A copy of the press release is attached as
Exhibit 99.2 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
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Exhibit 99.1 Alaska Communications Systems Group, Inc. Press Release dated
October 25, 2007
Exhibit 99.2 Alaska Communications Systems Group, Inc. and Tyco
Telecommunications Press Release dated October 25, 2007
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report on Form 8-K to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: October 25, 2007 Alaska Communications Systems Group, Inc.
/s/ David Wilson
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David Wilson,
Senior Vice President and
Chief Financial Officer