Liberty Broadband earns $266 million from GCI during Q1
The company is finalizing its spin-off of GCI Communications this summer, one of its contingencies rooted in Liberty Broadband’s acquisition by Charter.
The company is finalizing its spin-off of GCI Communications this summer, one of its contingencies rooted in Liberty Broadband’s acquisition by Charter.
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.