GCI Liberty’s GCI Holdings to acquire Quintillion for $310M EV

GCI Holdings, a wholly owned subsidiary of GCI Liberty (GLIBA), and Grain Management announced that they have entered into a definitive agreement under which GCI will acquire 100% of the equity in Q Gateway Intermediate Holdings, a fiber infrastructure provider in Alaska. The transaction will combine Quintillion’s 1,800+ miles of existing subsea and terrestrial fiber and ~1,500 miles of planned fiber expansion with GCI’s statewide network and operations, advancing GCI’s mission to deliver reliable connectivity for Alaskans. Key Transaction Terms: GCI will acquire 100% of Quintillion at a $310M Enterprise Value, subject to customary working-capital and other adjustments. GCI will reimburse up to $50M of qualifying capital expenditures related to the Nome-to-Homer Express project. Additional consideration may be payable in 2028, 2029, and 2031 through a post-closing earnout dependent on achievement of certain nancial metrics. Shortly after signing, GCI will provide a $160M unsecured loan to Quintillion. Closing is anticipated following receipt of regulatory approval and satisfaction of customary closing conditions. Existing customer relationships, contractual obligations, and service arrangements are expected to continue without change following the close of the transaction.