Better Financial Footing Will Help Expand Alaskan Reach, Liberty/GCI Say
Being bought by Liberty Interactive will put General Communication Inc. on more stable financial footing, making it easier for GCI to raise the money needed to meet its Alaska Plan fixed broadband commitments, though it won't change the market realities…
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GCI looks at when determining whether an investment is economically viable, the companies said in a docket 17-114 filing posted Wednesday. The filing included answers to a series of FCC staff questions on Liberty/GCI. They said the Liberty/GCI deal wouldn't let GCI make additional Alaska Plan commitments. On how the deal would affect mobile wireless customers, Liberty/GCI again cited expected better GCI financial stability and said that would let it participate more meaningfully in the Alaska Plan reverse auction. Liberty's $1.12 billion buy of GCI is expected to not face major regulatory challenges (see 1704040048).