GLIBA News & Events

"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 (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, 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.