Rural Telco Utility Serving Underserved Community - Asset Sale
Rare opportunity in the telecommunications sector, strategically positioned for acquisition by another telecommunications entity or an Alaskan Native Corporation with expertise in securing grants and government funding. Classified as a Rural Independent Local Exchange Carrier providing local telephone, cellular, and internet services to the community.
The COVID-19 pandemic brought nationwide attention to the need to make high-speed broadband available to everyone. Lawmakers made unprecedented funding available including:
$10B Capital Projects Fund - Each state is receiving funding that can be used for a range of infrastructure projects, including broadband.
$350B Coronavirus State and Local Fiscal Recovery Fund - Each state, county, and city in the U.S. is receiving funding that can be used for a range of purposes, including broadband.
$42.5B Broadband Equity Access and Deployment (BEAD) Program - Funds will be allocated to each state based on the number of unserved locations in the state. States will award funding to network operators within guidelines established by NTIA.
$1B Middle Mile - Program to be awarded by NTIA to network operators for networks that connect multiple communities to one another but do not directly serve end-users.
$3B NTIA Tribal Broadband Grants - Awarded in a pair of grants as part of the Tribal Broadband Connectivity Program.
The tribal program was funded through the recent Consolidated Appropriations Act of 2021. Grants under the tribal program are available to eligible Native American, Alaska Native and Native Hawaiian entities for broadband deployment as well as for digital inclusion, workforce development, telehealth and distance learning.
Total Alaska Projects Funded to Date: 23
Total Amount Funded in Alaska: $387,140,120.90
This opportunity is being offered as an Asset Sale. Total value of assets $8.2M.
Sale Price - $5,322,870 includes all assets and inventory.
