Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 regarding the Companys entry into, and borrowing under,
the Credit Facility is incorporated herein by reference.

Important Information Regarding the Potential Tender
Offer

The information herein is for informational purposes only and is
neither an offer to buy nor the solicitation of an offer to sell
any and all of the Companys outstanding 6.25% Convertible Notes
due 2018. The potential Tender Offer described herein has not yet
commenced, and there can be no assurances that the Company will
commence the Tender Offer on the terms and conditions described
herein or at all. If the Company commences the Tender Offer, the
Tender Offer will be made solely by an Offer to Purchase, the
Letter of Transmittal and related materials, as they may be
amended or supplemented. Stockholders should read the
Companys commencement tender offer statement on Schedule TO,
expected to be filed with the Securities and Exchange Commission
(the SEC) in connection with the Tender Offer, which will include
as exhibits the Offer to Purchase, the Letter of Transmittal and
related materials, as well as any amendments or supplements to
the Schedule TO when they become available, because they will
contain important information related to the potential Tender
Offer. If the Company commences the Tender Offer, each of these
documents will be filed with the SEC, and, when available,
stockholders may obtain them for free from the SEC at its website
(www.sec.gov) or from
the Companys information agent in connection with the Tender
Offer.

Forward-Looking Statements

This press release includes certain forward-looking statements,
as that term is defined in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
managements beliefs as well as on a number of assumptions
concerning future events made using information currently
available to management. Readers are cautioned not to put undue
reliance on such forward-looking statements, which are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside the
Companys control. Such factors include, without limitation,
Federal and Alaska Universal Service Fund changes, our ability to
meet the terms and conditions of the Credit Agreement and the New
Credit Facility, draw down funds under the New Credit Facility
and continue to meet applicable requirements, our ability to
commence and complete the expected Tender Offer for the
Convertible Notes or otherwise repurchase the Convertible Notes
or make repurchases of shares of common stock under the Companys
repurchase plan or otherwise, adverse economic conditions, the
effects of competition in our markets, our relatively small size
compared with our competitors, the Companys ability to compete,
manage, integrate, market, maintain, and attract sufficient
customers for its products and services, adverse changes in labor
matters, including workforce levels, our ability to service our
debt (including to our refinanced credit arrangements) and
refinance as required, labor negotiations, including

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renegotiating our collective bargaining agreement, employee
benefit costs, our ability to control other operating costs,
disruption of our suppliers provisioning of critical products or
services, the impact of natural or man-made disasters, changes in
Companys relationships with large customers, unforeseen changes
in public policies, regulatory changes, changes in technology and
standards, our internal control over financial reporting, and
changes in accounting standards or policies, which could affect
reported financial results. For further information regarding
risks and uncertainties associated with the Companys business,
please refer to the Companys SEC filings, including, but not
limited to, the sections entitled Risk Factors and Managements
Discussion and Analysis of Financial Condition and Results of
Operations in our most recent annual report on Form 10-K and
subsequent quarterly reports on Form 10-Q. Copies of the Companys
SEC filings may be obtained by contacting its investor relations
department at (907) 564-7556 or by visiting its investor
relations website at www.alsk.com or at the SECs website,
www.sec.gov.

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About Alaska Communications Systems Group, Inc. (NASDAQ:ALSK)

Alaska Communications Systems Group, Inc. is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system. It serves customers in various areas, such as Business and Wholesale (broadband, voice and managed IT services); Consumer (broadband and voice services), and Other Services (including carrier termination, equipment sales, access services and support services receiving federal support funding). It provides voice and broadband services to residential customers. It provides voice and broadband origination and termination services to inter and intrastate carriers serving its retail customers.

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) Recent Trading Information

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) closed its last trading session up +0.07 at 1.83 with 304,265 shares trading hands.