Record Revenue and OIBDA Growth for GCI
GCI reported its best quarter ever with revenue of $266 million and adjusted OIBDA of $111 million, representing increases of 9% and 23% respectively over the prior year.
Successful Financial Management and Liquidity
GCI refinanced its senior credit facility with a $450 million revolver maturing in 2030 and a $300 million Term Loan A maturing in 2031, providing good liquidity with a leverage ratio of 2.8 times.
Major Milestone in Alaska Connectivity
GCI completed a significant milestone by connecting Bethel, Alaska, to fiber from Anchorage, allowing access to 5G wireless and high-speed broadband services.
Strong Balance Sheet and Charter Investment
Liberty Broadband had $565 million in consolidated cash and restricted cash at quarter end, with a Charter investment valued at $17.8 billion.