ANCHORAGE, Alaska, Feb. 2, 2015 /PRNewswire/ — 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.