Skip to main content

Adak Telephone could file for bankruptcy by the end of the year? #USF #RuralBroadband

Adak’s Phone Company Calls on Feds to Restore Subsidies

By Stephanie Joyce, KUCB - Unalaska | July 30, 2013 - 5:27 pm
Logo of the United States Federal Communicatio...
Logo of the United States Federal Communications Commission, used on their website prior to 2002 or 2003, and still used on some publications and areas of their website. The central part of the logo is also used on products which conform to FCC requirements. (Photo credit: Wikipedia)

The fed eral government is cutting subsidies to the telephone company that serves Adak amid concerns about how the money is being spent.

That leaves the future of Adak’s phone service up in the air.

Fifteen thousand dollars. That’s about how much the Federal Communications Commission used to pay Adak Telephone annually for each phone line in the community. In 2011, the total added up to $4.2 million worth of federal subsidies for less than 400 people.

But those days are over..............

................. “We would have to ask RUS, because we were allowed to purchase those items through the Rural Utilities Service program loan,” Weaver said.

That’s a federal loan from the US Department of Agriculture. Weaver says they borrowed $6 million in 2005, and still owe most of that – $4.7 million. If the FCC doesn't restore their subsidies, Weaver says Adak Telephone will file for bankruptcy by the end of the year, and default on their debt.....

......... “GCI is basically saying that once we file for bankruptcy, they will purchase our assets for pennies on the dollar to provide service,” according to Weaver..... http://www.alaskapublic.org/2013/07/30/adaks-phone-company-calls-on-feds-to-restore-subsidies/

Popular posts from this blog

Crabbers get a boost in bairdi Tanner quotas

LAINE WELCH Image via Wikipedia FISHERIES Published: November 7th, 2009 10:10 PM Last Modified: November 7th, 2009 10:12 PM KODIAK -- Kodiak and Alaska Peninsula crabbers got some good news last week -- bigger catch quotas for bairdi Tanner crab, a mid-January fishery important to local economies. Bairdi are the larger cousins of the better-known opilio Tanners, or snow crab. The bairdi boost stems from a big pulse of new crab recruits that biologists have been tracking for years. "That is what's fueling the increase in the harvest this year. We're just getting the very beginning of that year class," said......... http://www.adn.com/money/welch/story/1004091.html

F/V Northern Leader. Launch. January 26, 2013 (video)

EXTRA :  Wave of new vessels will boost Alaska, Washington shipyards MOLLY DISCHNER, ALASKA JOURNAL OF COMMERCE Jan 24, 2013 - 10:53 AM AKST Alaska’s fishing fleets are aging, but new vessels are making their way onto the water. According to the National Marine Fisheries Service, 1,646 fishing vessels participated in federal fisheries offshore from Alaska in 2010. The majority — more than 900 — were built in the 1970s and 1980s. The first new vessels operating in Alaska waters will be longliners fishing in the Bering Sea with Alaskan Leader Fisheries’ Northern Leader and Alaska Longline Co.’s Arctic Prowler scheduled to start fishing this spring. Alaskan Leader Fisheries is jointly owned by the Alaska Leader Group of Lynden, Wash., and Dillingham-based Bristol Bay Economic Development Corp. BBEDC is one of six Western Alaska Community Development Quota, or CDQ, groups that receive a 10 percent annual share of the Bering Sea harvests. Petersburg-based Alaska Longline Co. al

Tender "Lonestar" rolls over in the Mouth of the Igushik River (fishery closed)

The Tender "Lonestar" has Capsized in the Mouth of the Igushik River 2:00 PM SUN JUNE 30, 2013 By MIKE MASON A large vessel, used to transport sockeye salmon from the fishing grounds to a processing facility, has capsized in the mouth of one of the major salmon producing rivers in Bristol Bay. KDLG’s Mike Mason has the details.... http://kdlg.org/post/tender-lonestar-has-capsized-mouth-igushik-river SUNDAY, JUNE 30, 2013 Trouble in Bristol Bay The Alaska Department of Fish and Game shut down the local setnet fishery after a salmon tender, the Lonestar, sank this morning in the mouth of the Igushik River....... http://deckboss.blogspot.com/2013/06/trouble-in-bristol-bay.html Coast Guard responding to partially submerged vessel near Dillingham, Alaska Date: June 30, 2013 District 17 Public Affairs Detachment Kodiak KODIAK, Alaska — The Coast Guard is responding to the sinking of a fishing vessel near the mouth of the Igushik River, Sunday. The Coast Guard is de