{"success":true,"data":{"pressRelease":{"id":"4829","rtpr_id":"nBw9VXYdCa","ticker":"GLIBA","exchange":"NASDAQ","all_tickers":["GLIBA"],"title":"GCI to Acquire Quintillion, Strengthening Alaska’s Fiber Infrastructure","author":"Business Wire","published_at":"2026-04-22T13:00:01.482Z","article_body":"GCI to Acquire Quintillion, Strengthening Alaska’s Fiber Infrastructure\n\nIntegrated networks will improve reliability, resiliency, and performance\n\nGCI Holdings, LLC (“GCI”), a wholly owned subsidiary of GCI Liberty, Inc.\n(Nasdaq: GLIBA, GLIBK) and Grain Management, LLC announced today that they\nhave entered into a definitive agreement under which GCI will acquire 100% of\nthe equity in Q Gateway Intermediate Holdings, LLC (“Quintillion”), a\nfiber infrastructure provider in Alaska. The transaction will combine\nQuintillion’s 1,800+ miles of existing subsea and terrestrial fiber and\n~1,500 miles of planned fiber expansion with GCI’s statewide network and\noperations, advancing GCI’s mission to deliver reliable connectivity for\nAlaskans\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fvimeo.com%2F1185014983%2Fe863921768&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=GCI%26%238217%3Bs+mission+to+deliver+reliable+connectivity+for+Alaskans&index=1&md5=a4557e55a03299f1065c6f336c85d428)\n.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260421345045/en/\n(https://www.businesswire.com/news/home/20260421345045/en/)\n\nKotzebue (pictured), one of the communities served by Quintillion’s fiber\ninfrastructure, sits 26 miles above the Arctic Circle in Northwest Alaska.\n\n“This combination is more than the sum of its parts,” said Billy Wailand,\nSenior Vice President of Corporate Development at GCI. “By bringing together\ncomplementary fiber routes, deep operational expertise, and long‑term\ninvestment under one operating model, we’re building a network that is\nstronger, more resilient, and better suited to Alaska’s realities than\neither company could deliver on its own.”\n\n“Quintillion set out to build resilient, Arctic‑ready fiber infrastructure\nin some of the most challenging operating environments in the world, and I’m\nincredibly proud of the network and business our team has built,” said Mac\nMcHale, President of Quintillion. “GCI brings Alaska expertise, long-term\ncommitment, and the operational scale needed to carry this network forward.\nWe’re confident these assets will be in good hands.”\n\nImproving Reliability Through Ringed Networks\n\nNetwork reliability is especially important in Alaska, where\ntelecommunications are central to daily life, healthcare, education, and\npublic safety, yet operators contend with some of the harshest conditions in\nNorth America. The integration of GCI’s and Quintillion’s complementary\nnetworks will materially improve reliability for customers by increasing\nrouting diversity and reducing the risk and duration of outages. The combined\nnetwork footprint will support a self-healing, ringed network architecture\nthat allows traffic to automatically reroute when disruptions occur, providing\nmore dependable connectivity for the residents of some of the most remote\ncommunities in the nation.\n\nUnified Network Operations with Alaska‑Based Expertise\n\nFollowing the close of the transaction, GCI will operate the combined network\nusing its best‑in‑class monitoring, maintenance, and restoration\ncapabilities. GCI’s Alaska‑based operations teams bring decades of\nexperience managing fiber, microwave, and satellite networks in some of the\nmost remote and unforgiving environments in North America.\n\nCentralizing network management under one operator will improve day‑to‑day\nperformance and provide clear accountability during outages and restoration\nefforts. The combined network will benefit from unified network planning,\npreventative maintenance, coordinated repair readiness, and long‑term\ncapital investment decisions optimized across the full footprint.\n\nExpanding Access Through Strategic Grants and Private Investment\n\nGCI and Quintillion share a common approach to expanding broadband access\nacross Alaska: pairing significant private investment with federal and state\ngrant programs to extend high‑capacity infrastructure into regions that\nwould otherwise be difficult or uneconomic to serve.\n\nFollowing the transaction closing, GCI will complete Quintillion’s existing\ngrant projects in progress, leveraging its deep experience delivering\nlarge‑scale projects and continuing its history of responsible stewardship\nof public funding. It will operate the combined infrastructure as part of a\nunified network, ensuring continuity for participating communities.\n\nSupporting National Defense, Public Safety, and Strategic Communications\n\nReliable communications infrastructure in Alaska is critically important to\nU.S. national security and Arctic operations. Alaska’s strategic geographic\nposition, harsh environment, and expanding mission requirements make\nresilient, quickly recoverable networks essential for defense, emergency\nresponse, aviation, maritime activity, and governmental operations.\n\nBy strengthening redundancy, improving restoration capabilities, and enhancing\noperational coordination, the combined GCI–Quintillion network will improve\ncommunications reliability in regions that support mission‑critical and\nnational defense‑related activities across the Arctic.\n\nKey Transaction Terms\n\n\n * GCI will acquire 100% of Quintillion at a $310 million Enterprise Value,\nsubject to customary working‑capital and other adjustments.\n\n * GCI will reimburse up to $50 million of qualifying capital expenditures\nrelated to the Nome‑to‑Homer Express project.\n\n * Additional consideration may be payable in 2028, 2029, and 2031 through a\npost-closing earnout dependent on achievement of certain financial metrics.\n\n * Shortly after signing, GCI, LLC will provide a $160 million unsecured loan to\nQuintillion.\n\nClosing is anticipated following receipt of regulatory approval and\nsatisfaction of customary closing conditions. Existing customer relationships,\ncontractual obligations, and service arrangements are expected to continue\nwithout change following the close of the transaction.\n\nBank Street Group LLC is acting as exclusive financial advisor and Morgan\nLewis is serving as legal advisor to Quintillion. TD Securities is acting as\nfinancial advisor and Baker Botts and O’Melveny & Myers are serving as\nlegal advisors to GCI Liberty.\n\nAbout GCI\n\nHeadquartered in Alaska, GCI provides data, mobile, voice and managed services\nto consumer, business, government, and carrier customers throughout Alaska,\nserving more than 200 communities. The company has invested $4.7 billion in\nits Alaska network and facilities over the past 47 years. Through a\ncombination of ambitious network initiatives, GCI continues to expand and\nstrengthen its statewide network infrastructure to deliver the best possible\nconnectivity to its customers and close the digital divide in Alaska. Learn\nmore about GCI at www.gci.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.gci.com%2F&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=www.gci.com&index=2&md5=1697c0646ee9259071dfc535af9c89be)\n. GCI is a wholly owned subsidiary of GCI Liberty, Inc. (Nasdaq: GLIBA,\nGLIBK).\n\nVisit the GCI Digital Newsroom\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnews.gci.com%2F&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=Visit+the+GCI+Digital+Newsroom&index=3&md5=06d91b85e520ef4dfca0e34c2417e21b)\nfor the latest news and information\n\nAbout GCI Liberty, Inc.\n\nGCI Liberty, Inc. (Nasdaq: GLIBA, GLIBK) consists of its wholly owned\nsubsidiary GCI. GCI is Alaska’s largest communications provider, providing\ndata, voice and managed services to consumer and business customers throughout\nAlaska, serving more than 200 communities. GCI has invested $4.7 billion in\nits Alaska network and facilities over the past 47 years. Through a\ncombination of ambitious network initiatives, GCI continues to expand and\nstrengthen its statewide network infrastructure to deliver the best possible\nconnectivity to its customers and close the digital divide in Alaska.\n\nAbout Quintillion\n\nQuintillion is a leading communications infrastructure provider in Alaska,\nproviding subsea and terrestrial fiber connectivity primarily on a wholesale\nbasis. Upon completion of planned expansion, the company’s total network\nwill span over 3,316 route miles, comprised of 2,341 miles of subsea and 824\nmiles of terrestrial fiber. The existing network has 80.4% remaining capacity\nto address digital equity needs across Alaska. Quintillion operates a\ncomplementary subsea and terrestrial fiber network designed to deliver\nhigh‑capacity, resilient connectivity across the state. Quintillion’s\nnetwork supports carriers, healthcare providers, educational institutions,\npublic safety organizations, and other mission‑critical customers through\nlong‑term, contracted relationships.\n\nForward-Looking Statements\n\nThis press release includes certain forward-looking statements within the\nmeaning of the Private Securities Litigation Reform Act of 1995, including\ncertain statements relating to the proposed acquisition of Quintillion and its\ncompletion and statements relating to expectations regarding the GCI and\nQuintillion businesses and prospects. All statements other than statements of\nhistorical fact are “forward-looking statements” for purposes of federal\nand state securities laws. These forward-looking statements generally can be\nidentified by phrases such as “possible” or “expects” or other words\nor phrases of similar import or future or conditional verbs such as\n“will,” “may,” “would,” “could,” or similar variations. These\nforward-looking statements involve many risks and uncertainties that could\ncause actual results to differ materially from those expressed or implied by\nsuch statements, including, without limitation, the timing to consummate the\nproposed transaction, the ultimate outcome and results of integrating\nQuintillion’s operations, the ultimate outcome of GCI Liberty’s operating\nefficiencies after the consummation of the transaction, and the ability of GCI\nLiberty to realize the expected synergies and other benefits. These\nforward-looking statements speak only as of the date of this communication,\nand GCI Liberty and GCI expressly disclaim any obligation or undertaking to\ndisseminate any updates or revisions to any forward-looking statement\ncontained herein to reflect any change in their expectations with regard\nthereto or any change in events, conditions or circumstances on which any such\nstatement is based. Please refer to the publicly filed documents of GCI\nLiberty, including its most recent Form 10-K, as such risk factors may be\namended, supplemented or superseded from time to time by other reports GCI\nLiberty subsequently files with the SEC, for additional information about GCI\nLiberty and about the risks and uncertainties related to GCI Liberty’s\nbusiness which may affect the statements made in this communication.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260421345045/en/\n(https://www.businesswire.com/news/home/20260421345045/en/)\n\nMedia Contacts\n\nGCI \n\nMegan Webb, 907-570-4239\n\nEmail: mwebb@gci.com (mailto:mwebb@gci.com)\n\nGCI Liberty, Inc. \n\nHooper Stevens, 720-875-5406\n\nEmail: hstevens@libertymedia.com (mailto:hstevens@libertymedia.com)\n\nQuintillion \n\nGrace Jang, 907-301-3534\n\nEmail: grace.jang@gracejangsolutions.com\n(mailto:grace.jang@gracejangsolutions.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw9VXYdCa","title":"GCI to Acquire Quintillion, Strengthening Alaska’s Fiber Infrastructure","author":"Business Wire","ticker":"GLIBA","created":"2026-04-22T13:00:01.482Z","tickers":["GLIBA"],"exchange":"NASDAQ","article_body":"GCI to Acquire Quintillion, Strengthening Alaska’s Fiber Infrastructure\n\nIntegrated networks will improve reliability, resiliency, and performance\n\nGCI Holdings, LLC (“GCI”), a wholly owned subsidiary of GCI Liberty, Inc.\n(Nasdaq: GLIBA, GLIBK) and Grain Management, LLC announced today that they\nhave entered into a definitive agreement under which GCI will acquire 100% of\nthe equity in Q Gateway Intermediate Holdings, LLC (“Quintillion”), a\nfiber infrastructure provider in Alaska. The transaction will combine\nQuintillion’s 1,800+ miles of existing subsea and terrestrial fiber and\n~1,500 miles of planned fiber expansion with GCI’s statewide network and\noperations, advancing GCI’s mission to deliver reliable connectivity for\nAlaskans\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fvimeo.com%2F1185014983%2Fe863921768&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=GCI%26%238217%3Bs+mission+to+deliver+reliable+connectivity+for+Alaskans&index=1&md5=a4557e55a03299f1065c6f336c85d428)\n.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260421345045/en/\n(https://www.businesswire.com/news/home/20260421345045/en/)\n\nKotzebue (pictured), one of the communities served by Quintillion’s fiber\ninfrastructure, sits 26 miles above the Arctic Circle in Northwest Alaska.\n\n“This combination is more than the sum of its parts,” said Billy Wailand,\nSenior Vice President of Corporate Development at GCI. “By bringing together\ncomplementary fiber routes, deep operational expertise, and long‑term\ninvestment under one operating model, we’re building a network that is\nstronger, more resilient, and better suited to Alaska’s realities than\neither company could deliver on its own.”\n\n“Quintillion set out to build resilient, Arctic‑ready fiber infrastructure\nin some of the most challenging operating environments in the world, and I’m\nincredibly proud of the network and business our team has built,” said Mac\nMcHale, President of Quintillion. “GCI brings Alaska expertise, long-term\ncommitment, and the operational scale needed to carry this network forward.\nWe’re confident these assets will be in good hands.”\n\nImproving Reliability Through Ringed Networks\n\nNetwork reliability is especially important in Alaska, where\ntelecommunications are central to daily life, healthcare, education, and\npublic safety, yet operators contend with some of the harshest conditions in\nNorth America. The integration of GCI’s and Quintillion’s complementary\nnetworks will materially improve reliability for customers by increasing\nrouting diversity and reducing the risk and duration of outages. The combined\nnetwork footprint will support a self-healing, ringed network architecture\nthat allows traffic to automatically reroute when disruptions occur, providing\nmore dependable connectivity for the residents of some of the most remote\ncommunities in the nation.\n\nUnified Network Operations with Alaska‑Based Expertise\n\nFollowing the close of the transaction, GCI will operate the combined network\nusing its best‑in‑class monitoring, maintenance, and restoration\ncapabilities. GCI’s Alaska‑based operations teams bring decades of\nexperience managing fiber, microwave, and satellite networks in some of the\nmost remote and unforgiving environments in North America.\n\nCentralizing network management under one operator will improve day‑to‑day\nperformance and provide clear accountability during outages and restoration\nefforts. The combined network will benefit from unified network planning,\npreventative maintenance, coordinated repair readiness, and long‑term\ncapital investment decisions optimized across the full footprint.\n\nExpanding Access Through Strategic Grants and Private Investment\n\nGCI and Quintillion share a common approach to expanding broadband access\nacross Alaska: pairing significant private investment with federal and state\ngrant programs to extend high‑capacity infrastructure into regions that\nwould otherwise be difficult or uneconomic to serve.\n\nFollowing the transaction closing, GCI will complete Quintillion’s existing\ngrant projects in progress, leveraging its deep experience delivering\nlarge‑scale projects and continuing its history of responsible stewardship\nof public funding. It will operate the combined infrastructure as part of a\nunified network, ensuring continuity for participating communities.\n\nSupporting National Defense, Public Safety, and Strategic Communications\n\nReliable communications infrastructure in Alaska is critically important to\nU.S. national security and Arctic operations. Alaska’s strategic geographic\nposition, harsh environment, and expanding mission requirements make\nresilient, quickly recoverable networks essential for defense, emergency\nresponse, aviation, maritime activity, and governmental operations.\n\nBy strengthening redundancy, improving restoration capabilities, and enhancing\noperational coordination, the combined GCI–Quintillion network will improve\ncommunications reliability in regions that support mission‑critical and\nnational defense‑related activities across the Arctic.\n\nKey Transaction Terms\n\n\n * GCI will acquire 100% of Quintillion at a $310 million Enterprise Value,\nsubject to customary working‑capital and other adjustments.\n\n * GCI will reimburse up to $50 million of qualifying capital expenditures\nrelated to the Nome‑to‑Homer Express project.\n\n * Additional consideration may be payable in 2028, 2029, and 2031 through a\npost-closing earnout dependent on achievement of certain financial metrics.\n\n * Shortly after signing, GCI, LLC will provide a $160 million unsecured loan to\nQuintillion.\n\nClosing is anticipated following receipt of regulatory approval and\nsatisfaction of customary closing conditions. Existing customer relationships,\ncontractual obligations, and service arrangements are expected to continue\nwithout change following the close of the transaction.\n\nBank Street Group LLC is acting as exclusive financial advisor and Morgan\nLewis is serving as legal advisor to Quintillion. TD Securities is acting as\nfinancial advisor and Baker Botts and O’Melveny & Myers are serving as\nlegal advisors to GCI Liberty.\n\nAbout GCI\n\nHeadquartered in Alaska, GCI provides data, mobile, voice and managed services\nto consumer, business, government, and carrier customers throughout Alaska,\nserving more than 200 communities. The company has invested $4.7 billion in\nits Alaska network and facilities over the past 47 years. Through a\ncombination of ambitious network initiatives, GCI continues to expand and\nstrengthen its statewide network infrastructure to deliver the best possible\nconnectivity to its customers and close the digital divide in Alaska. Learn\nmore about GCI at www.gci.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.gci.com%2F&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=www.gci.com&index=2&md5=1697c0646ee9259071dfc535af9c89be)\n. GCI is a wholly owned subsidiary of GCI Liberty, Inc. (Nasdaq: GLIBA,\nGLIBK).\n\nVisit the GCI Digital Newsroom\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnews.gci.com%2F&esheet=54519810&newsitemid=20260421345045&lan=en-US&anchor=Visit+the+GCI+Digital+Newsroom&index=3&md5=06d91b85e520ef4dfca0e34c2417e21b)\nfor the latest news and information\n\nAbout GCI Liberty, Inc.\n\nGCI Liberty, Inc. (Nasdaq: GLIBA, GLIBK) consists of its wholly owned\nsubsidiary GCI. GCI is Alaska’s largest communications provider, providing\ndata, voice and managed services to consumer and business customers throughout\nAlaska, serving more than 200 communities. GCI has invested $4.7 billion in\nits Alaska network and facilities over the past 47 years. Through a\ncombination of ambitious network initiatives, GCI continues to expand and\nstrengthen its statewide network infrastructure to deliver the best possible\nconnectivity to its customers and close the digital divide in Alaska.\n\nAbout Quintillion\n\nQuintillion is a leading communications infrastructure provider in Alaska,\nproviding subsea and terrestrial fiber connectivity primarily on a wholesale\nbasis. Upon completion of planned expansion, the company’s total network\nwill span over 3,316 route miles, comprised of 2,341 miles of subsea and 824\nmiles of terrestrial fiber. The existing network has 80.4% remaining capacity\nto address digital equity needs across Alaska. Quintillion operates a\ncomplementary subsea and terrestrial fiber network designed to deliver\nhigh‑capacity, resilient connectivity across the state. Quintillion’s\nnetwork supports carriers, healthcare providers, educational institutions,\npublic safety organizations, and other mission‑critical customers through\nlong‑term, contracted relationships.\n\nForward-Looking Statements\n\nThis press release includes certain forward-looking statements within the\nmeaning of the Private Securities Litigation Reform Act of 1995, including\ncertain statements relating to the proposed acquisition of Quintillion and its\ncompletion and statements relating to expectations regarding the GCI and\nQuintillion businesses and prospects. All statements other than statements of\nhistorical fact are “forward-looking statements” for purposes of federal\nand state securities laws. These forward-looking statements generally can be\nidentified by phrases such as “possible” or “expects” or other words\nor phrases of similar import or future or conditional verbs such as\n“will,” “may,” “would,” “could,” or similar variations. These\nforward-looking statements involve many risks and uncertainties that could\ncause actual results to differ materially from those expressed or implied by\nsuch statements, including, without limitation, the timing to consummate the\nproposed transaction, the ultimate outcome and results of integrating\nQuintillion’s operations, the ultimate outcome of GCI Liberty’s operating\nefficiencies after the consummation of the transaction, and the ability of GCI\nLiberty to realize the expected synergies and other benefits. These\nforward-looking statements speak only as of the date of this communication,\nand GCI Liberty and GCI expressly disclaim any obligation or undertaking to\ndisseminate any updates or revisions to any forward-looking statement\ncontained herein to reflect any change in their expectations with regard\nthereto or any change in events, conditions or circumstances on which any such\nstatement is based. Please refer to the publicly filed documents of GCI\nLiberty, including its most recent Form 10-K, as such risk factors may be\namended, supplemented or superseded from time to time by other reports GCI\nLiberty subsequently files with the SEC, for additional information about GCI\nLiberty and about the risks and uncertainties related to GCI Liberty’s\nbusiness which may affect the statements made in this communication.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260421345045/en/\n(https://www.businesswire.com/news/home/20260421345045/en/)\n\nMedia Contacts\n\nGCI \n\nMegan Webb, 907-570-4239\n\nEmail: mwebb@gci.com (mailto:mwebb@gci.com)\n\nGCI Liberty, Inc. \n\nHooper Stevens, 720-875-5406\n\nEmail: hstevens@libertymedia.com (mailto:hstevens@libertymedia.com)\n\nQuintillion \n\nGrace Jang, 907-301-3534\n\nEmail: grace.jang@gracejangsolutions.com\n(mailto:grace.jang@gracejangsolutions.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-04-22T13:00:02.193892303Z","server_sent_at_ms":1776862802193},"received_at":"2026-04-22T13:00:02.245Z","source_url":"https://www.businesswire.com/news/home/20260421345045/en/"},"analysis":{"id":"3442","press_release_id":"4829","analysis_json":{"industry":{"label":"Telecommunication Services","sector":"Communication Services"},"redFlags":["$160 million unsecured loan provided to target prior to close","Earnout consideration dependent on future financial metrics"],"eventType":"m_and_a","narrative":"GCI, a subsidiary of GCI Liberty, entered into a definitive agreement to acquire Quintillion for a $310 million enterprise value, combining over 3,300 miles of subsea and terrestrial fiber networks.\n\nThe transaction terms include a $160 million unsecured loan to Quintillion shortly after signing and reimbursement of up to $50 million for the Nome-to-Homer Express project.\n\nThis strategic combination is expected to create a self-healing, ringed network architecture that improves reliability and resiliency for telecommunications across Alaska.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"GCI consolidates Alaskan fiber dominance with $310M Quintillion acquisition."},"keyFigures":{"dealValueUsd":310000000,"customDimensions":{"unsecured_loan_usd":160000000,"capex_reimbursement_usd":50000000,"quintillion_planned_fiber_miles":"~1,500","quintillion_existing_fiber_miles":"1,800+"}},"quotedText":"This combination is more than the sum of its parts,” said Billy Wailand, Senior Vice President of Corporate Development at GCI.","namedEntities":{"people":[{"name":"Billy Wailand","role":"Senior Vice President of Corporate Development at GCI"},{"name":"Mac McHale","role":"President of Quintillion"},{"name":"Megan Webb","role":"Media Contact"},{"name":"Hooper Stevens","role":"Media Contact"},{"name":"Grace Jang","role":"Media Contact"}],"products":["Nome-to-Homer Express project"],"companies":[{"name":"GCI Holdings, LLC","relationship":"subsidiary and acquirer"},{"name":"GCI Liberty, Inc.","ticker":"GLIBA","relationship":"parent company"},{"name":"Grain Management, LLC","relationship":"mentioned"},{"name":"Q Gateway Intermediate Holdings, LLC","relationship":"target (Quintillion)"},{"name":"Bank Street Group LLC","relationship":"financial advisor to Quintillion"},{"name":"Morgan Lewis","relationship":"legal advisor to Quintillion"},{"name":"TD Securities","relationship":"financial advisor to GCI Liberty"},{"name":"Baker Botts","relationship":"legal advisor to GCI Liberty"},{"name":"O’Melveny & Myers","relationship":"legal advisor to GCI Liberty"}],"dollarAmounts":[{"amount":"$310 million","context":"Enterprise Value of Quintillion"},{"amount":"$50 million","context":"reimbursement of qualifying capital expenditures"},{"amount":"$160 million","context":"unsecured loan to Quintillion"},{"amount":"$4.7 billion","context":"GCI's investment in Alaska network and facilities over past 47 years"}]},"materialImpact":{"score":4,"reasoning":"Definitive agreement to acquire Quintillion for a $310 million enterprise value, significantly expanding GCI's fiber footprint and creating a self-healing network architecture. The transaction includes a $160 million bridge loan and contingent earnouts."},"tickerRelevance":{"others":[{"ticker":"GLIBK","relevance":"mentioned"}],"primary":"GLIBA"},"eventTypeSecondary":[]},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"GCI, a subsidiary of GCI Liberty, entered into a definitive agreement to acquire Quintillion for a $310 million enterprise value, combining over 3,300 miles of subsea and terrestrial fiber networks.\n\nThe transaction terms include a $160 million unsecured loan to Quintillion shortly after signing and reimbursement of up to $50 million for the Nome-to-Homer Express project.\n\nThis strategic combination is expected to create a self-healing, ringed network architecture that improves reliability and resiliency for telecommunications across Alaska.","key_figures":{"dealValueUsd":310000000,"customDimensions":{"unsecured_loan_usd":160000000,"capex_reimbursement_usd":50000000,"quintillion_planned_fiber_miles":"~1,500","quintillion_existing_fiber_miles":"1,800+"}},"named_entities":{"people":[{"name":"Billy Wailand","role":"Senior Vice President of Corporate Development at GCI"},{"name":"Mac McHale","role":"President of Quintillion"},{"name":"Megan Webb","role":"Media Contact"},{"name":"Hooper Stevens","role":"Media Contact"},{"name":"Grace Jang","role":"Media Contact"}],"products":["Nome-to-Homer Express project"],"companies":[{"name":"GCI Holdings, LLC","relationship":"subsidiary and acquirer"},{"name":"GCI Liberty, Inc.","ticker":"GLIBA","relationship":"parent company"},{"name":"Grain Management, LLC","relationship":"mentioned"},{"name":"Q Gateway Intermediate Holdings, LLC","relationship":"target (Quintillion)"},{"name":"Bank Street Group LLC","relationship":"financial advisor to Quintillion"},{"name":"Morgan Lewis","relationship":"legal advisor to Quintillion"},{"name":"TD Securities","relationship":"financial advisor to GCI Liberty"},{"name":"Baker Botts","relationship":"legal advisor to GCI Liberty"},{"name":"O’Melveny & Myers","relationship":"legal advisor to GCI Liberty"}],"dollarAmounts":[{"amount":"$310 million","context":"Enterprise Value of Quintillion"},{"amount":"$50 million","context":"reimbursement of qualifying capital expenditures"},{"amount":"$160 million","context":"unsecured loan to Quintillion"},{"amount":"$4.7 billion","context":"GCI's investment in Alaska network and facilities over past 47 years"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T17:09:04.652Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:54.206Z"}},"durationMs":71992,"modelName":"glm-4.7"}}