Alaska-based telecommunications provider GCI has announced it acquired Alaska Wireless Communications, LLC.
Locally owned Alaska Wireless is a GSM
cellular provider with subscribers in the Dutch Harbor area.
In addition to the acquisition, GCI has entered into a management agreement with the existing owners of Alaska Wireless.
The transaction is subject to FCC (
News -
Alert) approval, which is expected to be closed by the end of the year.
However, even after the acquisition, the business will continue to operate under the Alaska Wireless name and the current management team will continue to run the day-to-day operation, GCI stated in a press release.
"We place a high premium in the abilities of the Alaska Wireless team," said Ron Duncan, president and CEO of GCI. "Much of the value of our agreement comes not only from the network that's in place, but also in the expertise, energy and vision their employees and management team will bring to our organization," he added.
"We are thrilled to join the GCI team and are committed to the continued growth of our company and the community we serve," said Mark Horne, president of Alaska Wireless.
GCI is a pioneer in bundled services. It provides local, wireless, and long distance telephone, cable television, Internet and data communication services.