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GLIBA News
GLIBA Events
GCI Liberty Chairman Terminates LLA Acquisition Discussions
GCI Liberty (GLIBA) announced that, following unexpected obstacles to completing a larger, more strategic transaction relating to Liberty Latin America (LILAK), Chairman of the Board, Dr. John C. Malone has determined to terminate discussions with GCI Liberty regarding any further acquisitions of his LLA interests and has offered to acquire GCI Liberty's 6% equity interest in LLA at the same price paid by GCI Liberty last month. The Board of Directors has accepted this offer. Dr. Malone states as follows: "My vision for GCI Liberty contemplates two distinct units - one built around stable, cash-generative operations, with declining capital intensity and an ability to return capital from its rapidly growing free cash flow, and another focused on long-term investment growth. While regulatory, tax, and structural complexities have complicated and delayed executing that framework fully, I continue to believe strongly in its merit. Given that I was unable to complete a larger transaction as originally contemplated, I have offered to purchase the LLA block at GCIL's cost. This demonstrates both my support for LLA, but also my belief in the concept of GCIL becoming two business units under one umbrella." Ron Duncan, President and CEO of GCI Liberty, states as follows: "We had been evaluating an investment in LLA that was predicated on obtaining both substantial ownership and a control position. When the Searchlight opportunity arose, it fit well with that larger, more strategic transaction, and we purchased those LLA shares in anticipation of our ability to complete the remainder of the plan. Unfortunately, we were unable to complete the execution of this broader transaction prior to the announcement of the Searchlight LLA acquisition, and, for a number of reasons, we have determined that it is not feasible to complete the remainder of the transaction. Accordingly, the board has accepted John's offer to purchase the Searchlight LLA shares from us at our cost of $8.63 per share, replenishing the $107m of cash on our balance sheet. We thank John for his support of our growth strategy, and we will continue to seek opportunities that maximize shareholder value as we transform into Liberty Capital."
GCI Announces Acquisition of Quintillion to Enhance Alaska's Communications Infrastructure
"GCI had another solid quarter, reflecting our continued commitment to providing the highest quality connectivity to our customers. We also announced GCI's planned acquisition of Quintillion, bringing together two complementary networks that will increase the quality of Alaska's communications infrastructure. The transaction is expected to be accretive to free-cash-flow and advances our long-term strategy to invest in critical network assets to enhance connectivity for all Alaskans," said GCI Liberty CEO, Ron Duncan. "Additionally, GCI Liberty's opportunistic investment in Liberty Latin America is the first step in executing our growth strategy as Liberty Capital. We remain focused on operating excellence while also creating long-term shareholder value through strategic capital deployment."
GCI Liberty Acquires Approximately 6% Stake in LLA for $107 Million
GCI Liberty (GLIBA) and Liberty Latin America (LILAK) announced that, in April 2026, GCIL purchased approximately 61,000 shares of LLA Class A common stock and 12.3 million shares of LLA Class C common stock from investment funds managed by Searchlight Capital Partners for approximately $107 million in cash, which was based on the closing LILAK market price of $8.63 on April 1. These shares represent an approximate 6% equity ownership in Liberty Latin America. GCIL also announced that it is currently in good faith discussions with Dr. John C. Malone, Chairman of the Board of GCI Liberty and Director Emeritus of Liberty Latin America, with respect to GCIL's potential acquisition of additional equity interests in LLA, including certain high-vote LLA Class B common shares, in exchange for newly issued shares of Series C common stock of GCIL. "I am excited about the opportunity that GCI Liberty's investment in LLA presents and the prospects for LLA going forward given its strong market positions across a unique set of assets. Ron and the GCIL team share my confidence in Balan and LLA management to drive continued business performance and meaningful free cash flow growth for shareholders," said Dr. Malone.
GCI Holdings Acquires Quintillion for $310 Million
GCI Holdings and Grain Management announced that they have entered into a definitive agreement under which GCI will acquire 100% of the equity in Q Gateway Intermediate Holdings, a fiber infrastructure provider in Alaska. The transaction will combine Quintillion's 1,800+ miles of existing subsea and terrestrial fiber and ~1,500 miles of planned fiber expansion with GCI's statewide network and operations, advancing GCI's mission to deliver reliable connectivity for Alaskans. Following the close of the transaction, GCI will operate the combined network using its best-in-class monitoring, maintenance, and restoration capabilities. GCI's Alaska-based operations teams bring decades of experience managing fiber, microwave, and satellite networks in some of the most remote and unforgiving environments in North America. Centralizing network management under one operator will improve day-to-day performance and provide clear accountability during outages and restoration efforts. The combined network will benefit from unified network planning, preventative maintenance, coordinated repair readiness, and long-term capital investment decisions optimized across the full footprint. Following the transaction closing, GCI will complete Quintillion's existing grant projects in progress, leveraging its deep experience delivering large-scale projects and continuing its history of responsible stewardship of public funding. It will operate the combined infrastructure as part of a unified network, ensuring continuity for participating communities. GCI will acquire 100% of Quintillion at a $310M Enterprise Value, subject to customary working-capital and other adjustments. GCI will reimburse up to $50M of qualifying capital expenditures related to the Nome-to-Homer Express project. Additional consideration may be payable in 2028, 2029, and 2031 through a post-closing earnout dependent on achievement of certain financial metrics. Shortly after signing, GCI will provide a $160M unsecured loan to Quintillion. Closing is anticipated following receipt of regulatory approval and satisfaction of customary closing conditions. Existing customer relationships, contractual obligations, and service arrangements are expected to continue without change following the close of the transaction.
GCI Holdings Acquires Quintillion for $310 Million
GCI Holdings, a wholly owned subsidiary of GCI Liberty, and Grain Management announced that they have entered into a definitive agreement under which GCI will acquire 100% of the equity in Q Gateway Intermediate Holdings, a fiber infrastructure provider in Alaska. The transaction will combine Quintillion's 1,800+ miles of existing subsea and terrestrial fiber and ~1,500 miles of planned fiber expansion with GCI's statewide network and operations, advancing GCI's mission to deliver reliable connectivity for Alaskans. Key Transaction Terms: GCI will acquire 100% of Quintillion at a $310M Enterprise Value, subject to customary working-capital and other adjustments. GCI will reimburse up to $50M of qualifying capital expenditures related to the Nome-to-Homer Express project. Additional consideration may be payable in 2028, 2029, and 2031 through a post-closing earnout dependent on achievement of certain nancial metrics. Shortly after signing, GCI will provide a $160M unsecured loan to Quintillion. Closing is anticipated following receipt of regulatory approval and satisfaction of customary closing conditions. Existing customer relationships, contractual obligations, and service arrangements are expected to continue without change following the close of the transaction.
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