ACS reports $6 million profit

Posted: Sunday, February 25, 2007

ANCHORAGE - Alaska Communications Systems, one of the state's largest phone companies, posted a $6.1 million profit in the fourth quarter of last year.

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Revenue rose 11 percent to $91.7 million as ACS continued to add subscribers to its growing wireless operations, the company reported last week.

ACS bounced back from a $4.9 million loss during the same period the previous year.

It tallied $20.4 million in total profits last year, compared with a $41.6 million loss in 2005. Revenue in 2006 totaled $350 million, up 7 percent from $327 million in 2005, the company reported.

ACS emerged as a leading phone company in Alaska in 1999 when it bought the state's major local phone companies.

ACS picked up roughly 4,400 wireless customers during the three-month period and ended the year with nearly 134,000, up from 117,000 in 2005, according to financial statements ACS released with its profit report Thursday.

The company's wireless business got a boost last year from new agreements to allow subscribers to Lower 48 cell phone companies to use their phones on the ACS wireless network in Alaska, said David Wilson, the company's finance chief.

Revenue from such "roaming" users totaled $14.2 million last year, compared with $6.7 million in 2005, Wilson said.

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