ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today appear banking after-effects for its fourth division and abounding year concluded Dec. 31, 2017.
“The after-effects for 2017 reflect year over year adherence in our top-line performance. Acquirement adherence accumulated with bound administration of operating and basic expenditures enabled us to accomplish $8.1 actor in chargeless banknote flow, which was aloft our advice for the year.
Our abounding year acquirement achievement was apprenticed by beforehand in broadband, in accurate by Ample broadband including wireless carrier backhaul and federal end-user demand, chastened by lower than accepted beforehand from our bloom affliction vertical. While our abounding year acquirement was collapsed year over year, our fourth division 2017 acquirement beneath due to the accumulative appulse of amount compression for the Rural Bloom Affliction 2017-2018 allotment year for the aeon July 1 through December 31, 2017. 2017 Adapted EBITDA, which includes a $2.6 actor bad debt amount accompanying to Rural Bloom Affliction customers, was $56.7 million, affair anniversary guidance. Lastly, about 59% of our basic expenditures were directed adjoin success-based investments accouterment a foundation for approaching growth.
Entering 2018, we apprehend our Enterprise & Carrier business to abide to drive our top-line achievement as we account from our accretion wireless backhaul business and added opportunities from federal and activity area investments in Alaska. Added the contempo about-face up of chill cilia accommodation by our partner, Quintillion Networks, opens several Chill markets for us added active our bazaar opportunity. We are deepening our accumulation bazaar business confined residential and baby businesses by beforehand in fiber-fed WiFi, Fixed Wireless technologies and an added online chump alternation model, while accession to accommodated our CAF II obligations in a cost-effective manner.
Looking ahead, we abide focused on operating a affection business that enables us to advantage the cogent opportunities in the market. In parallel, we abide to appraise our accepted abiding business plan adjoin a ample ambit of cardinal alternatives to enhance actor value. I attending avant-garde to advertisement beforehand on all fronts over the attainable months and quarters,” said Anand Vadapalli, Alaska Communications admiral and CEO.
Revenue Highlights
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