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GCI purchases United Companies

Posted: Tuesday, June 10, 2008

ANCHORAGE - Telecommunications company GCI said it completed the purchase of communication subsidiaries of United Companies Incorporated.

United Companies is a holding company owned by Sea Lion Corporation and Togiak Natives Limited, the Alaska Native village corporations for Hooper Bay and Togiak.

GCI said it paid about $42 million for the stock of United Utilities, which provides local telephone service to 60 rural Alaska communities, and Unicom.

Unicom operates DeltaNet, a long-haul broadband microwave network ringing the Yukon-Kuskokwim Delta in southwest Alaska.

GCI President Ron Duncan said in a press release that the acquisitions will accelerate GCI's rural wireless deployment.



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