Alaska Communications Closes Transaction of Selling Its Wireless Business to GCI for $300 Million

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ANCHORAGE, Alaska--(BUSINESS WIRE)--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

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