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Article: Alaska Native Firms to Get Refund from AT&T Wireless Deal.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 14, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Paula Dobbyn, Anchorage Daily News, Alaska Knight Ridder/Tribune Business News
Nov. 14--Three Alaska Native firms that heavily invested in the struggling wireless telecommunications industry will get their money back under an agreement announced Wednesday with partner AT&T Wireless.
Sealaska Corp., Doyon Ltd. and Arctic Slope Regional Corp. and other smaller investors in Anchorage-based Alaska Native Wireless will receive $233 million, according to AT&T Wireless' most recent quarterly financial filing with securities regulators.
"We will get our investment back, with some return," said Conrad Bagne, chief operating officer for Arctic ...