Alaska Power & Telephone Company to Receive $4.6m in BEAD Grant Funds for Fiber Optic Buildouts
ALASKA PWR & TEL CO (APTL)
Company Research
Source: Business Wire
KETCHIKAN, Alaska--(BUSINESS WIRE)--Alaska Power & Telephone Company is excited to share that it has been selected by the Alaska Broadband Office to receive four grants totaling $4.6 million to help fund fiber to the home buildout projects in its rural service territories. AP&T will be providing $1.2m in matching funds. Initial construction is scheduled to commence later in 2026 pending environmental approvals.“We appreciate the opportunity to partner with government funders to bring critical infrastructure to the communities we serve,” said AP&T CEO Bill Marks. “By combining public investment with private expertise, we can continue expanding modern telecommunications infrastructure to more rural and remote areas of Alaska.”The grant funding is provided through the Alaska Broadband Grant Program, which distributes federal Broadband Equity, Access, and Deployment (BEAD) funding from the National Telecommunications and Information Administration.AP&T’s projects will provide cutting-
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