Days After Announcing Deal, Malone Buying out GCI’s Stake in Liberty Latin America
A larger deal in which GCI would take control of LLA fell apart.
A larger deal in which GCI would take control of LLA fell apart.
WASHINGTON, May 11, 2026 – Days after announcing a $107 million investment in Liberty Latin America, GCI Liberty said Monday that cable magnate John Malone was buying out GCI’s position.
Malone was on both sides of the deal. He controls GCI in Alaska and has a seven percent stake in LLA, where he serves as director emeritus.
The companies had said on May 7 that GCI and Malone were in talks for the company to buy Malone’s own shares of LLA. Those discussions are now over.
The legislation would require temporary housing shelters in New York to provide Gigabit speed internet service.
The company is investing $2 million to support programs that bring down monthly energy bills for local families.
Also, the state’s telecom regulator urged the FCC to reject AT&T’s copper retirement request
A well-executed upgrade plan not only enhances service delivery but also reduces operational costs and improves customer satisfaction.