Charter to acquire Liberty Broadband in all-stock transaction
Charter has reached a deal to acquire Liberty Broadband in an all-stock transaction.
GCI Communications offers telephone, broadband Internet and cable TV service in Alaska. The company is a wholly-owned subsidiary of Liberty Broadband.
Charter has reached a deal to acquire Liberty Broadband in an all-stock transaction.
The company has filed an application with regulators in Alaska to wind down its traditional pay TV service and streaming counterpart Yukon TV.
In a press release on Monday, Liberty Broadband revealed Charter had proposed a combination of the two businesses.
GCI saw its overall revenue increase 1 percent during 2023 after making sizable investments in expanding its broadband services.
GCI Communications is continuing to connect customers on Unalaska Island to its fiber-based Internet network, a company official confirmed.