Alaska Communications System Group (NASDAQ:ALSK) and GCI (NASDAQ:GNCMA) have signed definitive agreements for Alaska Communications to sell its wireless subscriber base and its 33% interest in its partnership in the Alaska Wireless Network (AWN) to GCI for $300 million. The transaction is targeted to close in the first quarter of 2015.
Under the terms of the agreements, GCI will assume Alaska Communications' wireless subscriber base and will own 100% of AWN. Services are expected to be uninterrupted and to continue to operate statewide and nationally. As of Sept. 30, Alaska Communications had approximately 109,000 wireless customers.
About the Author
BTR Staff
EDITORIALSTEPHEN HARDY
MATT VINCENT
SALESKRISTINE COLLINS
JEAN LAUTER
STEPHEN HARDY
Editorial Director and Associate Publisher
[email protected]
MATT VINCENT
Senior Editor
[email protected]
KRISTINE COLLINS
Business Solutions Manager
(312) 350-0452
[email protected]
JEAN LAUTER
Business Solutions Manager
(516) 695-3899
[email protected]
Sponsored Recommendations
Sponsored Recommendations
How AI is driving new thinking in the optical industry
Sept. 30, 2024
The AI and ML Opportunity
Sept. 30, 2024
Advances in Fiber & Cable
Oct. 3, 2024
Most Read
Most Read