GCI’s Ownership Up in the Air Amid Liberty-Charter Merger Talks
Charter's merger proposal excluded GCI from the deal.
WASHINGTON, Sep. 24, 2024 - Liberty Broadband yesterday announced a proposed merger with Charter Communications. As part of the offer, Charter would gain ownership of GCI, an Alaska broadband and wireless provider acquired by Liberty in 2020.
Charter - Broadband Breakfast
Charter Communications is the second-largest wireline broadband provider in the U.S., with 30,367,000 subscribers as of the end of Q2 in 2024.
Charter’s acquisition of GCI, though, is far from certain at this point.
“In GCI, Charter would be acquiring an attractive business that is the leading connectivity platform in Alaska with significant opportunity for future value creation,” Liberty Broadband President and CEO Greg Maffei said yesterday in a statement.
