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Alaska Power & Telephone Company operates as an employee- and investor-owned utility providing power, broadband, communications and related infrastructure services across rural and remote Alaska communities. News about APTL commonly covers utility operations, fiber-to-the-home buildouts, hydropower-related energy initiatives and the company’s role in expanding connectivity in hard-to-serve service territories.
Recurring developments include SEALink submarine fiber optic projects, terrestrial fiber backbone expansion, government-supported broadband funding, leadership and workforce organization changes, headquarters and corporate governance updates, and OTC market disclosure status. The company’s majority-owned Sealink Networks subsidiary adds a broader digital infrastructure focus through subsea cable landing site infrastructure and dark fiber services.
On October 31, 2022, Alaska Power & Telephone's subsidiary, AP&T Wireless, installed the SEALink submarine fiber optic cable system, marking the first fiber optic connection for Prince of Wales Island to North America. This project, funded by a $21.5 million USDA grant and $7 million in private investment, aims to enhance broadband access and services for local residents. The cable will provide improved internet speeds and reliability, replacing outdated microwave links. Full operational status is anticipated by March 2023, with future expansions planned for other communities.
Alaska Power & Telephone Company (APTL) has secured a $33 million grant from the US Department of Agriculture to enhance fiber optic connectivity in rural Southeast Alaska through the Klukwan-Skagway Fiber project. With matching funds of $11 million, the initiative aims to deliver high-speed internet services to underserved communities, including Klukwan and Skagway. Construction may start in 2023, with completion expected by 2028. This project is anticipated to boost economic growth and improve quality of life for rural residents.
Alaska Power & Telephone Company (OTC: APTL) announced that its subsidiary APT Wireless secured a $29,344,717 grant from the USDA's ReConnect program to enhance fiber optic connectivity on Prince of Wales Island. The project, named SEALink South, includes a $9,781,573 investment in matching funds and aims to enhance service to about 550 premises in rural communities such as Craig, Klawock, and Hollis. Construction is expected between 2024 and 2027, pending permits. The initiative builds on the successful SEALink project, which is ahead of schedule.
Alaska Power & Telephone Company (APTL) announced significant progress on its SEALink fiber optic project, now set to complete two years ahead of schedule. The project will install a 214-mile submarine cable connecting Prince of Wales Island to Juneau, funded by a $24.5m USDA grant and $7m from APTW. Construction is expected to begin soon, enhancing broadband access for the underserved communities of Kasaan and Coffman Cove with improved connectivity supporting remote work and education.
Alaska Power & Telephone Company (OTC: APTL) announced the completion of the Gustavus intertie, linking Glacier Bay National Park with the Falls Creek hydropower project. This federally-funded initiative enables the National Park Service to transition from costly off-grid diesel generators to clean hydropower. Anticipated benefits include a potential decrease in energy costs for local consumers by $0.11 to $0.12 per kWh. The project is estimated to avoid 38,000 gallons of fuel annually, significantly reducing carbon emissions, thereby enhancing sustainability in the region.
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