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| Alaska Communications Systems Group, Inc. |
| 510 L Street, Suite 500, Anchorage, AK 99501 * (907) 297-3000 |
| Business Description | The company is the leading diversified, facilities-based telecommunications provider in Alaska, offering local telephone, wireless, long distance, data and Internet services to business and residential customers throughout the state. |
| Offering Information Company has | |||
| Trading As | ALSK (NASNTL) | Industry | Financial (SIC 6719) |
| Type of Stock Offered | Common Shares | Filing Date | 10/08/1999 |
| Domestic Shares Offered | 10,000,000 | Offer Date | 11/17/1999 |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 |
| Company Shares | 10,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.910 |
| Gross Proceeds | $140,000,000 | Selling | $0.540 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | - - | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| Deutsch Banc Alex. Brown | Co-manager | (410) 727-1700 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1998 | 06/30/1999 | |||||
| Revenues | - | - | - | - | 281.606 | - | 145.236 |
| Income from Oper. | - | - | - | - | 40.620 | - | 18.177 |
| Net Income | - | - | - | - | -17.276 | - | -10.787 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | 14.42 | 12.52 | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 52.31 | - | 58.07 | ||||
| Cash Flow - Inv. | -32.32 | - | -704,986.00 | ||||
| Cash Flow - Fin. | 103.24 | - | 749.79 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 796.35 | Current Assets | 61.06 | Current Ratio | 1.11 |
| Total Liab. | 674.13 | Current Liab. | 55.07 | Debt Ratio | 84.65% |
| Total Equity | 122.22 | Working Cap. | 5.99 | Debt to Equity Ratio | 5.52 |
| Cash | 4.02 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay debt, for capital expenditures, strategic investments and acquisitions, including acquisition of access lines and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Wachtell, Lipton, Rosen & Katz |
| Bank's Law Firm | Cravath, Swaine & Moore |
| Auditor | Deloitte & Touche |
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