-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BgaZeqGg3UGv9H/11892UaxO43rW4LMMdb3Hy98leh17mvK+5G5u98DXidjNk4yE xwsdPVOTH4mwggmhzAiGZg== 0000808461-08-000072.txt : 20080609 0000808461-08-000072.hdr.sgml : 20080609 20080609154437 ACCESSION NUMBER: 0000808461-08-000072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080603 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080609 DATE AS OF CHANGE: 20080609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL COMMUNICATION INC CENTRAL INDEX KEY: 0000808461 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 920072737 STATE OF INCORPORATION: AK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15279 FILM NUMBER: 08888105 BUSINESS ADDRESS: STREET 1: 2550 DENALI ST STE 1000 CITY: ANCHORAGE STATE: AK ZIP: 99503 BUSINESS PHONE: 9072655600 MAIL ADDRESS: STREET 1: 2550 DENALI STREET STREET 2: SUITE 1000 CITY: ANCHORAGE STATE: AK ZIP: 99503 8-K 1 form8k060908.htm GENERAL COMMUNICATION, INC. FORM 8-K 06-09-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): June 3, 2008

 

 

GENERAL COMMUNICATION, INC.

 

 

(Exact name of registrant as specified in its charter)

 

 

 

State of Alaska

 

0-15279

 

92-0072737

 

 

(State or other Jurisdiction of

 

Commission File Number

 

(I.R.S Employer

 

 

Incorporation or organization)

 

 

 

Identification No.)

 

 

 

 

2550 Denali Street

 

 

 

 

 

 

Suite 1000

 

 

 

 

 

 

Anchorage, Alaska

 

99503

 

 

 

(Address of Principal Executive offices)

 

(Zip Code)

 

 

 

 

 

 

 

 

 

 

Registrant’s telephone number, including area code: (907) 868-5600

 

 

NONE

 

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 


 

Item 8.01

Other Events

 

On June 9, 2008, General Communication, Inc. (GCI) issued a press release announcing its acquisition of Unicom, Inc. and United Utilities, Inc. and its wholly owned subsidiary, United-KUC, which was completed on June 3, 2008. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits

 

Exhibit

Number

Description

99.1

Press release issued by General Communication, Inc. on June 9, 2008

 


SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

GENERAL COMMUNICATION, INC.

 

 

 

(Registrant)

 

 

 

 

Date: June 9, 2008

 

 

 

 

 

 

 

 

 

By

/s/ John M. Lowber

 

 

 

Name: John M. Lowber

 

 

 

Title:  Senior Vice President,

 

 

 

Chief Financial Officer,

 

 

 

Secretary and Treasurer

 

 

 

(Principal Financial Officer)

 

 

 

 

EX-99 2 exhibit991.htm EXHIBIT 99.1

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

June 9, 2008

 

For information, contact:

Bruce Broquet, GCI (907) 868-6660 or bbroquet@gci.com

Greg Chapados, GCI (907) 317-0090 or gchapados@gci.com  

David Morris, GCI (907) 265-5396 or dmorris@gci.com

 

GCI COMPLETES PURCHASE OF COMMUNICATIONS SUBSIDIARIES

OF UNITED COMPANIES, INC.

 

Purchase to Accelerate Rollout of Mobile Wireless Service in Rural Alaska and Enhance Telemedicine and Distance Learning

 

ANCHORAGE – GCI (NASDAQ:GNCMA) announced today the completion of its acquisition of the communication subsidiaries of United Companies, Inc., a holding company owned by Sea Lion Corporation and Togiak Natives Limited, the Alaska Native village corporations for Hooper Bay and Togiak. The acquisition was completed on June 3, 2008.

 

Under terms of the acquisition, GCI paid approximately $42 million in cash (including certain transaction costs) for the stock of:

 

 

United Utilities, Inc. (UUI), which together with its subsidiary, United-KUC, provides local telephone service to 60 rural Alaska communities.

 

Unicom, which operates DeltaNet, a long-haul broadband microwave network ringing the 30,000-square-mile Yukon-Kuskokwim Delta (Y-K Delta) in southwest Alaska.  By the end of this year, DeltaNet will link more than 40 villages to the regional center of Bethel.

 

As of the completion date, the acquired companies had combined net debt of approximately $35 million.

 

“The acquisition of UUI and Unicom marks another step forward in GCI’s plan to become the first full-service, statewide provider of communications services in Alaska,” said Ron Duncan, GCI president. “The acquisition will accelerate our rural wireless deployment, which will bring mobile voice/broadband wireless services to 200 rural towns and villages over the next three years. GCI is proud to welcome all of the employees of UUI and Unicom to the GCI family.”

 

GCI’s Managed Broadband Services division will use DeltaNet to immediately expand healthcare and educational opportunities for all residents of

 


the Y-K Delta. GCI ConnectMD, a medical network that reaches from the Arctic Alaska to the Pacific Northwest, will now become a fully statewide network as will GCI SchoolAccess, which delivers enhanced Internet access and distance learning services to schools. 

 

“With the guidance and support of Sea Lion Corporation and Togiak Natives Limited over the past thirty years, UCI has built a first-rate local telephone company that serves thousands of rural Alaskans,” Duncan noted. “With the deployment of DeltaNet, UCI also has changed the ground rules for delivering advanced telecommunications services in rural Alaska. For example, the Yukon-Kuskokwim Health Corporation, a pioneer in advanced-technology telemedicine and telepsychiatry solutions, is taking advantage of DeltaNet’s high-bandwidth and low latency by installing high-definition medical video conferencing units in 40 villages.

 

“Completing this transaction is a milestone for Sea Lion,” stated Myron Naneng, Sea Lion president. “Building UCI was more than an investment for us – it was a way to bring essential communications services to villages in our region.  Despite the doubts of some at the time we founded the company, we were successful on both fronts. We thank the employees of UUI and Unicom, who have contributed so much to this success.”

 

GCI is Alaska’s largest telecommunications company. The company operates Alaska’s most extensive terrestrial/subsea fiber optic network, extending from Prudhoe Bay on the North Slope through Fairbank, Anchorage, Juneau, and the lower 48 states. GCI’s satellite network provides communications services to small towns and villages throughout rural Alaska. The company is in the process of constructing a statewide mobile wireless network to seamlessly link urban and rural Alaska for the first time. GCI is also the leading provider of communications services to enterprise customers, particularly large business customers with complex data networking needs. More information about the company can be found at www.gci.com.

 

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