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Corporate News Blog - Turnaround and Performance Improvement Expert Shawn O’Donnell Joins Alaska Communications’ Board as Independent Director

Research Desk Line-up: Chunghwa Telecom Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 3, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Alaska Communications Systems Group, Inc. (NASDAQ: ALSK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ALSK. The Company announced on August 01, 2017, that Shawn O'Donnell has been appointed to the Company's Board of Directors. He has been appointed as an independent director and takes over his position with immediate effect on August 01, 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Telecom Services - Domestic industry. Pro-TD has currently selected Chunghwa Telecom Co., Ltd. (NYSE: CHT) for due-diligence and potential coverage as the Company reported on July 27, 2017, its un-audited operating results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Chunghwa Telecom when we publish it.

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The appointment of Shawn will allow Alaska Communications to leverage his experience and expertise to look at strategic alternatives for the Company for future growth as well as to unlock shareholders value.

Commenting on his appointment Ned Hayes, Chairman of the Board of Alaska Communications said:

"With more than 25 years of experience in the telecommunications industry, Shawn brings a deep understanding of our sector, including very recent board-level experience in driving shareholder value through strategic transactions. We appreciate being introduced to Shawn by one of our largest shareholders and are pleased to welcome him to our board. With this action, we strengthen our board's capabilities and focus on creating value for our shareholders."

Profile of Shawn O'Donnell

Shawn O'Donnell is currently the Managing Director of global business advisory firm FTI Consulting. He is a part of FTI Consulting's Corporate Finance & Restructuring team. He also is a member of the Board of Lumos Networks, a facilities based telecommunication services provider, and he has been on the Board of several other technology Companies like Shared Technologies, Arbinet, Mobile Satellite Ventures, and Terrestar.

He was the President and CEO of Arbinet Corporation, a global provider of voice and internet protocol solutions as well as with Primus Telecommunications in their International Services Division. Primus is a provider of advanced communication services. O'Donnell has also served on the board of directors of CITA: The Wireless Association and Arbinet Corporation, and his other professional experience include work at CXO Corporation, Capital and Technology Advisors, Inc.

He is a turnaround specialist with over 25 years' experience in operating, restructuring, and investing in the telecommunications, cable, and technology sector. His experience in several top management positions in the telecommunications, cable, and call center sectors gives him an extra edge and insider's point of view. He has been providing advisory services to Companies, investors, and lenders in these industries.

Shawn holds a BS in Electrical Engineering from Pennsylvania State University and an MS in Electrical Engineering from Virginia Polytechnic and State University.

About Alaska Communications

Anchorage-based Alaska Communications is a leading broadband and managed IT service provider in Alaska. The Company operates a highly reliable, advanced state-wide data network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous US. The Company provides its services to businesses, schools, health care providers, state and local governments.

Last Close Stock Review

On Wednesday, August 02, 2017, the stock closed the trading session at $2.33, dropping 2.10% from its previous closing price of $2.38. A total volume of 91.28 thousand shares have exchanged hands. Alaska Communications Systems' stock price soared 6.88% in the last one month, 38.69% in the past six months, and 41.21% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 42.07%. The stock is trading at a PE ratio of 75.16. The stock currently has a market cap of $121.42 million.

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SOURCE: Pro-Trader Daily