July 26, 2016 6:53 AM ET

Diversified Telecommunication Services

Company Overview of GCI, Inc.

Company Overview

GCI, Inc., through its subsidiaries, operates as a diversified communications provider primarily in the state of Alaska. It operates through two segments, Wireless and Wireline. The Wireless segment offers wholesale wireless services to wireless carriers. This segment also provides network transport and access to its wireless network to wireless carriers. The Wireline segment offers a range of retail wireless, data, video, and voice services to residential customers, businesses, governmental entities, and educational institutions; and wholesale data and voice services to common carrier customers. This segment also provides Internet, data network, and managed services to rural schools and hea...

2550 Denali Street

Suite 1000

Anchorage, AK 99503

United States

Founded in 1997

2,370 Employees

Phone:

907-868-5600

Key Executives for GCI, Inc.

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer, Treasurer, Secretary and Director
Age: 43
Senior Vice President of Governmental Affairs and General Counsel
Age: 47
Chief Accounting Officer and Vice President
Age: 51
Senior Vice President of Strategic Initiatives
Age: 58
Compensation as of Fiscal Year 2016.

GCI, Inc. Key Developments

GCI and Teck Red Dog Operations Brings High-Speed Internet to Noatak and Red Dog Mine

GCI and Teck Red Dog Operations announced an agreement that will bring high-speed broadband internet service to Red Dog Operations and the community of Noatak. Once the network expansion is complete, which is targeted for 2017, Red Dog employees and Noatak residents will be able to stream rich media and stay easily connected with family and friends. The network will also advance the performance of online business, health, education and other services for both Noatak and Red Dog. The partnership announcement is part of a broader GCI strategy to connect Arctic communities to high-speed internet. In June, GCI announced plans to expand its Terrestrial for Every Rural Region in Alaska (TERRA) network to include 10 new communities in the Northwest Arctic Borough and Norton Sound region. GCI said that yhis expansion will result in high-speed, data rich broadband service for schools and clinics in Buckland, Kiana, Noorvik, Selawik, Koyuk, Elim, Golovin, White Mountain, Stebbins and St. Michael.

GCI Completes Issuance of $450 Million of New Senior Notes Due 2025

General Communication Inc. announced the completion of the previously announced offering of $450 million in aggregate principal amount of new 6.875% senior notes due 2025 at an issue price of 99.105% issued by its wholly-owned subsidiary, GCI, Inc. The net proceeds of the offering will be used to fund the tender offer for, or redemption of, GCI's $425 million aggregate principal amount of outstanding senior notes due 2019 and to pay fees and expenses related to the issuance of the 2025 Notes and purchase or redemption of the 2019 Notes. The 2025 Notes were offered only to persons reasonably believed to be Qualified Institutional Buyers in reliance on Rule 144A under the Securities Act of 1933, as amended and to persons outside the United States in accordance with Regulation S under the Securities Act.

GCI, Inc. Commences an Offering of $450,000,000 Aggregate Principal Amount of Senior Unsecured Notes Due 2025

On March 24, 2015, GCI, Inc. commenced an offering of $450,000,000 aggregate principal amount of senior unsecured notes due 2025 (the Notes"). The Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the Securities Act"). The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The company intends to use the net proceeds from the Notes offering to fund the consideration for the purchase of the $425 million outstanding principal amount of the company's 8.625% Senior Notes due 2019.

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