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Two Alaska telecommunications companies are reassessing their futures fol lowing a statewide company's failed attempt to acquire a regional carrier.
Alaska Communications Systems did not secure enough votes to gain Matanuska Telephone Association member approval of the proposed deal. The final tally was recorded Sept. 19 at a special MTA membership meeting in Palmer. According to MTA, 9,665 members voted in favor of the sale, and 5,490 opposed it, but MTA bylaws required more members voting in favor of the deal.
"Under state law and MTA's bylaws, at least 16,709 members (50 percent plus one) or two-thirds of the total members voting would have had to approve the sale," MTA officials said in a statement.
ACS had planned to pay $187.5 million for the telephone cooperative, with about $100 million of that paid to members in capital...