ATN International, Inc.

ALSK Holdings, LLC is a Delaware limited liability company that operates as the parent holding company for Alaska Communications Systems Group, Inc. (ALSK), a telecommunications provider serving Alaska. The company was formed through a merger transaction consummated on December 31, 2020, when Project 8 Buyer, LLC (later converted to Alaska Management, Inc.) merged with Alaska Communications Systems Group, Inc., with ALSK surviving as a wholly owned subsidiary of the holding company.

The company's primary business involves providing telecommunications services throughout Alaska, including wireline and wireless communications, internet services, and related connectivity solutions to residential, business, and government customers across the state. Alaska Communications operates as a regional telecommunications provider with significant market presence in Alaska's challenging geographic and operational environment.

ALSK Holdings is structured as a limited liability company with multiple classes of membership interests, including Series A Preferred Units, Series B Preferred Units, Series N Preferred Units, Common Units, and Profits Interest Units. The company's ownership structure reflects its formation through a consortium of investors, including ATN International, Inc., Freedom 3 Capital entities (Freedom 3 Investments IV, LP and Freedom 3 Liquidity Fund, LP), and Alaska Future Fund, LP. The capital structure was designed to facilitate the equity financing necessary to complete the acquisition and merger of Alaska Communications Systems Group.

The company maintains governance through a Board of Managers with representation from its major investor groups. The organizational structure includes provisions for management services agreements, shared services arrangements, and various investor protections including pre-emptive rights, drag-along and tag-along provisions, and redemption mechanisms for preferred unitholders.

ALSK Holdings operates under the Third Amended and Restated Limited Liability Company Agreement, which establishes the rights, obligations, and economic interests of its members. The company's business model centers on providing essential telecommunications infrastructure and services to Alaska's population and businesses, leveraging its regional market position and operational expertise in serving the state's unique geographic and demographic characteristics.