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ANCHORAGE - Alaska Communications has completed upgrades to its Northstar submarine fiber optic cable, one of two undersea cables connecting Alaska to the contiguous United States, according to a company press release. The company is owned by ATN International (NASDAQ:ATNI), which according to InvestingPro data, offers a substantial 6.91% dividend yield and has maintained dividend payments for 28 consecutive years.
The maintenance project involved replacing power feed equipment (PFE) units at three locations across Alaska and Oregon with new hardware, extending the operational life of this vital communications link.
"This upgrade is an investment in the future of our submarine fiber network, reinforcing our commitment to delivering exceptional service and connectivity for years to come," said Jeff Vogt, chief operating officer of Alaska Communications.
Northstar was among the first cables to connect Alaska with the Lower 48 states. The company also operates a second submarine cable called AKORN.
Alaska Communications, an affiliate of ATN International, Inc. (NASDAQ:ATNI), maintains a statewide fiber network in addition to its undersea fiber optic system. The company describes itself as a provider of mission and life-critical communications infrastructure in Alaska.
The network upgrades are part of Alaska Communications’ ongoing infrastructure investments, which include both maintenance of existing systems and network expansion throughout the state.
In other recent news, ATN International Inc. reported its second-quarter 2025 earnings, revealing a net loss of $0.56 per share. This figure was below analysts’ expectations, which had forecasted a loss of $0.31 per share. Despite the earnings miss, the company surpassed revenue projections, posting $189.39 million compared to the anticipated $183.71 million. These earnings and revenue results are part of the latest developments for the company. Although the stock price experienced a decline, the focus remains on the financial outcomes. Investors are likely examining these figures closely, considering the divergence between earnings and revenue performance. The recent earnings call highlights the importance of understanding both profit and revenue metrics in evaluating the company’s financial health.
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