EX-99.1
2
a51030584ex99_1.htm
EXHIBIT 99.1
Exhibit 99.1
Alaska
Communications Closes Transaction of Selling Its Wireless Business to
GCI for $300 Million
ANCHORAGE, Alaska--(BUSINESS WIRE)--February 2, 2015--Alaska
Communications (NASDAQ:ALSK) and General Communication, Inc. ("GCI")
(NASDAQ:GNCMA) today announced the companies have completed the
previously announced transaction for Alaska Communications to sell its
wireless subscriber base and its one-third interest in the Alaska
Wireless Network, LLC ("AWN") to GCI for $300 million.
Under the terms of the agreement, GCI assumed Alaska Communications'
wireless subscribers. Services will be uninterrupted.
The two companies have agreed upon a service transition plan for former
Alaska Communications wireless customers. This will ensure a seamless
continuation of service as wireless customers are transitioned to GCI.
Alaska Communications and GCI will notify customers with further details
regarding the transition and customers do not need to take any action at
this time.
About Alaska Communications
Alaska Communications (NASDAQ: ALSK) is a leading provider of advanced
broadband and managed service solutions for businesses and consumers in
Alaska. The Company operates a highly reliable, advanced statewide data
and voice network with the latest technology and the most diverse
undersea fiber optic system connecting Alaska to the contiguous United
States. For more information, visit
www.alaskacommunications.com
or
www.alsk.com
.
About GCI
GCI is the largest Alaska-based and -operated, integrated
telecommunications provider, offering wireless, voice, data, and video
services statewide. Learn more about GCI at
www.gci.com
.
Forward-Looking Statements
This joint release includes certain "forward-looking statements", as
that term is defined in the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on management's beliefs
as well as on a number of assumptions concerning future events made
using information currently available to management. Readers are
cautioned not to put undue reliance on such forward-looking statements,
which are not a guarantee of performance and are subject to a number of
uncertainties and other factors, many of which are outside GCI's or
Alaska Communications' control. For further information regarding risks
and uncertainties associated with either company's business, please
refer to either GCI's or Alaska Communications' SEC filings.
CONTACT:
Alaska Communications Contacts:
Media:
Heather
Cavanaugh, 907-564-7722
Director, Corporate Communications
Heather.Cavanaugh@acsalaska.com
or
Investor
Relations:
Tiffany Dunn, 907-564-7556
Manager, Board and
Investor Relations
acsinvestors@acsalaska.com
or
GCI
Contacts:
Media:
David Morris, 907-265-5396
VP,
Corporate Communications
dmorris@gci.com
or
Investor
Relations:
Tom Chesterman, 907-868-1585
VP, Finance
investor@gci.com

EX - 99 . 1 2 a51030584ex99 _ 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Alaska Communications Closes Transaction of Selling Its Wireless Business to GCI for $ 300 Million ANCHORAGE , Alaska -- ( BUSINESS WIRE ) -- February 2 , 2015 -- Alaska Communications ( NASDAQ : ALSK ) and General Communication , Inc . ( " GCI " ) ( NASDAQ : GNCMA ) today announced the companies have completed the previously announced transaction for Alaska Communications to sell its wireless subscriber base and its one - third interest in the Alaska Wireless Network , LLC ( " AWN " ) to GCI for $ 300 million . Under the terms of the agreement , GCI assumed Alaska Communications ' wireless subscribers . Services will be uninterrupted . The two companies have agreed upon a service transition plan for former Alaska Communications wireless customers . This will ensure a seamless continuation of service as wireless customers are transitioned to GCI . Alaska Communications and GCI will notify customers with further details regarding the transition and customers do not need to take any action at this time . About Alaska Communications Alaska Communications ( NASDAQ : ALSK ) is a leading provider of advanced broadband and managed service solutions for businesses and consumers in Alaska . The Company operates a highly reliable , advanced statewide data and voice network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous United States . For more information , visit www.alaskacommunications.com or www.alsk.com . About GCI GCI is the largest Alaska - based and - operated , integrated telecommunications provider , offering wireless , voice , data , and video services statewide . Learn more about GCI at www.gci.com . Forward - Looking Statements This joint release includes certain " forward - looking statements " , as that term is defined in the Private Securities Litigation Reform Act of 1995 . These forward - looking statements are based on management 's beliefs as well as on a number of assumptions concerning future events made using information currently available to management . Readers are cautioned not to put undue reliance on such forward - looking statements , which are not a guarantee of performance and are subject to a number of uncertainties and other factors , many of which are outside GCI 's or Alaska Communications ' control . For further information regarding risks and uncertainties associated with either company 's business , please refer to either GCI 's or Alaska Communications ' SEC filings . CONTACT : Alaska Communications Contacts : Media : Heather Cavanaugh , 907 - 564 - 7722 Director , Corporate Communications Heather.Cavanaugh@acsalaska.com or Investor Relations : Tiffany Dunn , 907 - 564 - 7556 Manager , Board and Investor Relations acsinvestors@acsalaska.com or GCI Contacts : Media : David Morris , 907 - 265 - 5396 VP , Corporate Communications dmorris@gci.com or Investor Relations : Tom Chesterman , 907 - 868 - 1585 VP , Finance investor@gci.com