Alaska Communications Accelerates Network Investment With Plans for 100,000 Locations Served With Improved Broadband Service
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250715380374/en/
Powered by fiber-fed, next-generation fixed wireless technology, Alaska Communications is expanding broadband access rapidly to meet the needs of businesses and families. With speeds up to 300Mbps download and 100Mbps upload, Alaskans can get the connectivity they need to efficiently run their business, work or learn from home, attend telehealth appointments, stream their favorite programs, connect smart home devices, play online games and more.
'We hear from residents across the state that they want reliable, unlimited internet service. If it matters to Alaskans, it matters to us,' said Paul Fenaroli, President and CEO, Alaska Communications. 'With fixed wireless internet access backed by our state-of-the-art fiber network, we're able to give Alaskans a reliable option for connecting their businesses and homes at affordable rates with local support.'
Alaska Communications' new service includes:
The speed you need: Up to 300Mbps download and 100Mbps upload.
Unlimited data: Like all Alaska Communications services, there are no data caps, throttling or overage fees.
Reliability: Advances in technology no longer require a line of sight for a strong signal.
Affordable: Competitive pricing at a flat, monthly rate.
No extra costs: Free installation and equipment with term agreement.
Local support: Installed and supported by Alaskans.
Small business solutions: Bundle with our other small business services, which include Microsoft 365, helpdesk support and more.
'For businesses, it opens the door to enhanced productivity, better customer service, improved security and the ability to compete in our digital-first economy,' said Fenaroli. 'For families, this means smoother streaming, faster downloads and more reliable connections for remote work, online learning and everyday use.'
North Anchorage available now, midtown and south Anchorage coming soon
This high-speed service is available for businesses and residents in the following Anchorage neighborhoods: downtown, Government Hill, Mountain View and Airport Heights.
The Anchorage hillside, south Anchorage and midtown Anchorage will be available later this summer. By the end of 2025, 50,000 locations in Anchorage alone will be eligible.
'The Anchorage market is seeing demand for high-speed alternatives to cable internet,' said Fenaroli. 'Competition is good for Alaska and we're excited to build on our more than 120-year history to support Alaskans in new ways.'
Other service locations coming soon
Alaska Communications plans to improve or expand its fiber-fed fixed wireless network in Fairbanks, Juneau and the Kenai Peninsula starting later this year.
How to get connected
Business: For business service, fill out a service request form on the Alaska Communications' website.
About Alaska Communications
Alaska Communications, an affiliate of ATN International, Inc. (NASDAQ: ATNI), is a leading provider of mission and life-critical communications infrastructure in Alaska. The company operates a robust and advanced statewide fiber network and a highly diverse undersea fiber optic system that connects Alaska to the contiguous U.S. For additional information, visit www.AlaskaCommunications.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
16 hours ago
- Globe and Mail
BSTR Miner Launches XRP and Litecoin Cloud Mining Platform, Opening New Avenues for Global Passive Income
PHOENIX, Arizona, July 17, 2025 — Cloud mining provider BSTR Miner today rolled out a new platform dedicated to XRP and Litecoin (LTC) mining, designed to make crypto earnings more accessible to individuals worldwide. With contract options starting at just $10 and no technical experience required, the service targets both first-time users and experienced investors looking to diversify. 'Most people think mining is reserved for large data centers or crypto insiders,' said BSTR Miner CEO. 'We're turning that idea upside down. Whether you're a teacher in Ohio or a student in Manila, you can now participate in XRP and LTC mining without owning a single machine.' A Fresh Take on Crypto Accessibility XRP is gaining global recognition as a bridge asset in international settlements, while Litecoin remains one of the fastest and most efficient blockchain networks for everyday transactions. By focusing on these two currencies, BSTR Miner is betting on practicality and performance. Key Features Include: Direct XRP-Based Mining Contracts can be purchased directly using XRP, allowing users to avoid unnecessary conversion fees. Payouts can be received in XRP, BTC, ETH, LTC, USDT, USDC, DOGE, SOL, BCH， and other major cryptocurrencies. Optimized Litecoin Performance Powered by the Scrypt algorithm and Litecoin's rapid block intervals, the system uses AI to dynamically allocate hash power for maximum returns—particularly valuable for DeFi use cases and micro-transactions. Eco-Conscious Infrastructure As of Q2 2025, 62.4% of BSTR's global mining operation is powered by renewable energy. Independent audits verify the company's green energy commitments, which is 'non-negotiable for modern investors.' Flexible Plans, Transparent Returns Rather than forcing users into long-term lock-ins, BSTR Miner provides a variety of contract durations and amounts. Returns are calculated daily and visible in real time via the platform's mobile app or web dashboard. Note: Full contract terms available at Security Without Compromise The platform runs on a security stack that includes McAfee-grade encryption, Cloudflare DDoS protection, cold wallet segregation, and 3-of-5 multisignature verification. Withdrawals are enabled once user earnings reach $100, with daily tracking and alerts available. 'We've taken infrastructure seriously,' 'In 2023, when part of the U.S. grid went down, we maintained 98.71% uptime. That kind of reliability is why institutions are starting to take notice.' What's Driving Demand XRP whale activity surges: According to blockchain analytics firm WhaleMap, over 2.7 million XRP wallets are now active, with significant institutional flows observed over the past 6 months. Litecoin's Quiet Evolution: LTC's implementation of MWEB (MimbleWimble Extension Blocks) has made it more appealing for use cases in privacy-preserving transactions and even smart contracts—something previously thought unachievable on Litecoin. How to Get Started Sign Up: Create a free account at and claim a $10 bonus. Fund Wallet: Deposit any supported crypto (XRP, BTC, ETH, LTC, USDT, USDC, DOGE, SOL, BCH). Choose a Contract: Pick a mining plan that suits your budget and timeline. Track and Withdraw: Monitor your earnings in real time; withdraw once your balance hits $100. About BSTR Miner With over 8.5 million users across 120+ countries, BSTR Miner provides scalable, secure, and eco-conscious mining infrastructure for both retail and institutional clients. Its mining solutions span Bitcoin, Ethereum, XRP, Litecoin, Solana ， USDT-TRC20, USDC, USDT-ERC20, BCH, DOGE, and 10+ other assets. The company continues to lead in uptime reliability, security, and ease of access—especially for users priced out of traditional mining setups. Website: Media Contact: info@ Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Globe and Mail
a day ago
- Globe and Mail
Third Century Bancorp Releases Earnings for the Quarter Ended June 30, 2025
(OTCPINK: TDCB) - Third Century Bancorp ('Company'), the holding company for Mutual Savings Bank ('Bank'), announced it recorded unaudited net income of $374,000 for the quarter ended June 30, 2025, or $0.32 per basic and diluted share, compared to net income of $228,000 for the quarter ended June 30, 2024, or $0.19 per basic and diluted share. 'We continue to see the benefits of the work our staff is performing every day. Calls, connections, and customer service levels that exceed expectations have helped us to continue to see the improvements we were forecasting for 2025,' said David A. Coffey, President and CEO. 'Our year-to-date earnings have seen a nice lift over the 2024 financials and key metrics. He concluded by stating, 'As we enter the second half of 2025, we remain focused on delivering results for our stakeholders, even in the face of uncertainty with both short-term and long-term interest rates. Regardless, our team will continue to take the steps needed to achieve our financial goals.' For the quarter ended June 30, 2025, net income increased $146,000, or 64.34%, to $374,000 as compared to $228,000 for the same period in the prior year. The increase in net income for the three-month period ended June 30, 2025 was driven primarily from a $286,000 increase in net interest income as compared to the same period in the prior year. Net interest income increased to $2.17 million for the three months ended June 30, 2025, due to an increase in total interest income of $177,000, or 4.60%, to $4.03 million for the three-month period ended June 30, 2025, as compared to $3.95 million for the same period for the prior year. The increase in total interest income was due to an increase in average loan balances as well as higher average yields on interest earning assets. Further contributing to net interest margin expansion, there was a decrease in total interest expense of $109,000, or 5.53%, to $1.86 million for the three-month period ended June 30, 2025, compared to $1.97 million for the same period for the prior year. The decrease in total interest expense was the result of lower retail deposit costs. The provision for credit losses during the current quarter was $30,000 compared to a provision expense of $0 for the same quarter last year due to higher gross loan balances at quarter end. Non-interest income increased by $27,000, or 7.99%, to $360,000 for the quarter ended June 30, 2025, as compared to $333,000 for the same period in the prior year. The increase in non-interest income occurred due to increased fee and service charge income. Non-interest expense increased by $43,000, or 2.13%, to $2.07 million for the quarter ended June 30, 2025, as compared to $2.01 million for the same period in the prior year, due primarily to increases in utilities, including network and internet costs, professional services, and other contractual vendor expenses. For the six-months ended June 30, 2025, net income increased $266,000, or 47.66%, to $823,000 as compared to $558,000 for the same period in the prior year. Net interest income increased to $4.28 million for the six-months ended June 30, 2025, due to a decrease in total interest expense of $147,000, or 3.83%, to $3.67 million for the six-month period ended June 30, 2025, as compared to $3.84 million for the same period for the prior year. The decrease in total interest expense was due to lower funding costs of both retail deposits and wholesale funding. Complementing the decrease in total interest expense was an increase in total interest income of $291,000, or 3.79%, to $7.97 million for the six-month period ended June 30, 2025, compared to $7.68 million for the same period for the prior year. The increase in total interest income was the result of higher average yields on interest earning assets and higher average loan balances. The provision reversal for credit losses during the first half of 2025 was ($13,000) compared to provision expense of $2,000 for the same period last year due to the ongoing strength of our credit quality and net recoveries for the period. Non-interest income increased by $63,000, or 9.48%, to $727,000 for the six-months ended June 30, 2025, as compared to $664,000 for the same period in the prior year. The increase in non-interest income occurred due to increased service fee income and income on other assets as compared to the same period for the prior year. Non-interest expense increased by $93,000, or 2.32%, to $4.09 million for the six-months ended June 30, 2025, as compared to $4.00 million for the same period in the prior year due to increased occupancy costs, outside consultant fees, and advertising expenses. Total assets increased $10.05 million to $322.43 million at June 30, 2025, compared to $312.38 million at December 31, 2024. This increase was due primarily to higher levels of cash which increased by $8.55 million or 92.94% since December 31, 2024 and higher total loans. The increase in cash was due to growth in retail deposits and additional borrowings. Gross loans held for investment rose by $3.54 million to $211.98 million at June 30, 2025 compared to $208.44 million at December 31, 2024. Total deposits were $244.40 million at June 30, 2025, up from $240.99 million at December 31, 2024. FHLB advances increased by $7.0 million or 13.73% to $58.0 million at June 30, 2025. At June 30, 2025, the weighted average rate of all FHLB advances was 3.66% compared to 3.81% at December 31, 2024, and the weighted average maturity was 4.10 years at June 30, 2025 compared to 4.20 years at December 31, 2024. Stockholders' equity was $9.23 million at June 30, 2025, compared to $9.46 million at December 31, 2024 and $9.43 million at June 30, 2024. Stockholders' equity decreased due to increases in net unrealized loss of $935,000 during the six months ended June 30, 2025, as a result of the decrease in the fair value of our available- for-sale-securities due to the worsening in the forward rate curve compared to our portfolio at year end. The available-for-sale securities are investments in government sponsored mortgage-backed securities as well as investments in municipal bonds, which provide cash flow for business purposes. Quarterly average equity as a percentage of average assets decreased to 2.97% at June 30, 2025 compared to 3.27% at December 31, 2024. Founded in 1890, Mutual Savings Bank is a full-service financial institution based in Johnson County, Indiana. In addition to its main office at 80 East Jefferson Street, Franklin, Indiana, the Bank operates branches in Franklin at 1124 North Main Street, Trafalgar and Greenwood, Indiana. This press release contains certain forward-looking statements that are based on assumptions and may describe future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like 'believe,' 'expect,' 'anticipate,' 'estimate' and 'intend' or future or conditional verbs such as 'will,' 'would,' 'should,' 'could' or 'may.' Certain factors that could cause actual results to differ materially from expected results include inflation, tariffs, changes in the interest rate environment, changes in general economic conditions, geopolitical conflicts, public health issues, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in belief, expectations, or events. (Unaudited) In thousands, except per share data Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Selected Consolidated Earnings Data: Total Interest Income $ 4,025 $ 3,945 $ 3,848 $ 7,970 $ 7,679 Total Interest Expense 1,859 1,830 1,968 3,689 3,836 Net Interest Income 2,166 2,115 1,881 4,281 3,844 Provision/(Credit) for Losses on Loans 30 (43 ) - (13 ) 2 Net Interest Income after Provision for Losses on Loans 2,136 2,158 1,881 4,294 3,842 Non-Interest Income 360 367 333 727 664 Non-Interest Expense 2,074 2,014 2,031 4,089 3,996 Income Tax Expense 48 62 (45 ) 109 (48 ) Net Income $ 374 $ 449 $ 228 $ 823 $ 558 Earnings Per Share - basic $ 0.32 $ 0.38 $ 0.19 $ 0.70 $ 0.47 Earnings Per Share - diluted $ 0.32 $ 0.38 $ 0.19 $ 0.70 $ 0.47 Condensed Consolidated Balance Sheet (Unaudited) In thousands, except per share data June 30, December 31, June 30, 2025 2024 2024 Selected Consolidated Balance Sheet Data: Assets Cash and Due from Banks $ 17,751 $ 9,200 $ 18,174 Investment Securities, Available-for-Sale, at Fair Value 70,053 72,739 76,270 Investment Securities, Held-to-Maturity 2,950 2,950 2,950 Loans Held-for-Sale 451 67 690 Loans Held-for-Investment 211,983 208,438 198,961 Allowance for Credit Losses 2,953 2,962 2,976 Net Loans Held-for-Investment 209,029 205,477 195,985 Accrued Interest Receivable 1,483 1,524 1,528 Other Assets 20,709 20,419 20,874 Total Assets $ 322,427 $ 312,376 $ 316,471 Liabilities Noninterest-Bearing Deposits $ 39,697 $ 40,362 $ 39,895 Interest-Bearing Deposits 204,706 200,626 202,624 Total Deposits 244,403 240,988 242,520 FHLB Advances and Other Borrowings 58,000 51,000 53,500 Subordinated Notes, Net of Issuances Costs 9,798 9,785 9,771 Accrued Interest Payable 509 527 773 Accrued Expenses and Other Liabilities 492 618 478 Total Liabilities 313,202 302,918 307,042 Stockholders' Equity Common Stock 11,475 11,480 11,505 Retained Earnings 12,125 11,418 10,838 Accumulated Other Comprehensive Gain/(Loss) (14,375 ) (13,440 ) (12,915 ) Total Stockholders' Equity 9,225 9,457 9,428 Total Liabilities and Stockholders' Equity $ 322,427 $ 312,376 $ 316,471 Three Months Ended Six Months Ended dollar figures are in thousands, except per share data June 30, March 31, June 30, June 30, June 30, 2025 2025 2024 2025 2024 Selected Financial Ratios and Other Data (Unaudited): Interest Rate Spread During Period 2.47% 2.42% 2.09% 2.44% 2.12% Net Yield on Interest-Earning Assets 5.37% 5.30% 5.19% 5.34% 5.12% Non-Interest Expense, Annualized, to Average Assets 2.62% 2.57% 2.60% 2.59% 2.53% Return on Average Assets, Annualized 0.47% 0.57% 0.29% 0.52% 0.35% Return on Average Equity, Annualized 15.93% 19.06% 11.03% 17.50% 12.78% Average Equity to Assets 2.97% 3.00% 2.64% 2.99% 2.76% Average Net Loans $ 206,742 $ 205,319 $ 195,685 $ 206,049 $ 194,776 Average Net Securities 73,591 75,214 78,971 74,398 80,692 Average Other Interest-Earning Assets 19,421 17,111 22,009 18,272 24,719 Total Average Interest-Earning Assets 299,754 297,644 296,665 298,719 300,188 Average Total Assets 316,307 314,008 312,570 315,178 315,998 Average Noninterest-Bearing Deposits $ 40,591 $ 40,085 $ 40,568 $ 40,339 $ 41,371 Average Interest-Bearing Deposits 202,739 203,273 205,295 203,004 205,758 Average Total Deposits 243,330 243,357 245,863 243,344 247,128 Average Wholesale Funding 53,495 50,533 48,764 52,022 49,934 Average Interest-Bearing Liabilities 256,234 253,806 254,059 255,027 255,692 Avg. Interest-Earnings Assets to Avg. Interest-Bearings Liabilities 116.98% 117.27% 116.77% 117.13% 117.40% Average equity $ 9,392 $ 9,431 $ 8,254 $ 9,411 $ 8,726 Non-Performing Loans to Gross Loans Held-for-Investment 0.83% 0.86% 0.00% 0.83% 0.00% Allowance for Credit Losses to Total Loans Outstanding 1.39% 1.41% 1.49% 1.39% 1.49% Allowance for Credit Losses to Non-Performing Loans 168.75% 165.29% - 168.75% - Net Loan Chargeoff/(Recovery) to Avg. Total Loans Outstanding 0.00% 0.00% 0.00% 0.00% 0.00% Effective Income Tax Rate 11.29% 12.07% -24.85% 11.72% -9.48% Tangible Book Value Per Share $ 7.89 $ 8.57 $ 8.02 $ 7.89 $ 8.02 Market Closing Price at the End of Quarter $ 8.52 $ 9.15 $ 6.94 $ 8.52 $ 6.94
Globe and Mail
a day ago
- Globe and Mail
Credo Chairman, President and CEO Bill Brennan Joins Global Semiconductor Alliance Board of Directors
Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, is pleased to announce that its Chairman, President and CEO, Bill Brennan, has been elected to the Board of Directors of the Global Semiconductor Alliance (GSA), the leading industry organization uniting the worldwide semiconductor industry. This press release features multimedia. View the full release here: Credo is pleased to announce that its Chairman, President and CEO, Bill Brennan, has been elected to the Board of Directors of the Global Semiconductor Alliance (GSA), the leading industry organization uniting the worldwide semiconductor industry. As a GSA Board Member, Mr. Brennan will collaborate with industry leaders to drive innovation, address key challenges, and strengthen the semiconductor ecosystem. GSA plays a critical role as a global voice for the industry, offering leadership, fostering meaningful collaboration, and promoting entrepreneurial growth across the semiconductor value chain. 'It's an honor to join GSA's Board of Directors and work alongside distinguished leaders shaping the future of our industry,' said Bill Brennan, President and CEO of Credo. 'Credo is committed to advancing energy-efficient and highly-reliable connectivity solutions critical to the next generation of cloud computing, AI, and hyperscale networks. I look forward to contributing Credo's perspective and helping GSA continue to drive innovation and collaboration across the global semiconductor landscape.' 'We are excited to welcome Bill Brennan to the GSA Board of Directors,' said Jodi Shelton, CEO of GSA. 'His expertise in high-speed connectivity solutions and deep understanding of emerging technology trends will be invaluable as we continue to support the growth and success of the global semiconductor ecosystem.' About Credo Credo's mission is to advance high-speed connectivity solutions that deliver optimized performance, reliability, energy efficiency, and security for the next generation of AI driven applications, cloud computing, and hyperscale networks. Optimized for both optical and electrical applications, our solutions support port speeds up to 1.6Tb. At the core of our technology is our proprietary Serializer/Deserializer (SerDes) IP. Our diverse solutions portfolio includes system-level products such as Active Electrical Cables (AECs), a range of Integrated Circuits, including Retimers, Optical DSPs, SerDes chipsets, and SerDes IP Licensing. For more information, please visit Follow Credo on LinkedIn. Credo and the Credo logo are registered trademarks of Credo Technology Group Limited in the United States and other jurisdictions. All other trademarks referenced herein are the property of their respective owners.
