0000808461-13-000030.txt : 20130723 0000808461-13-000030.hdr.sgml : 20130723 20130723134814 ACCESSION NUMBER: 0000808461-13-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130722 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130723 DATE AS OF CHANGE: 20130723 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: 0419 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15279 FILM NUMBER: 13981020 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 gciform8k07222013.htm FORM 8-K gciform8k07222013.htm
 
 

 

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): July 22, 2013

 
GENERAL COMMUNICATION, INC.
 
 
(Exact name of registrant as specified in its charter)
 

 
State of Alaska
 
0-15279
 
92-0072737
 
 
(State or other Jurisdiction of Incorporation or organization)
 
Commission File Number
 
(I.R.S Employer
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.
 
Alaska Communications and General Communication, Inc. issued a press release to announce that the companies have completed the previously announced transaction to form The Alaska Wireless Network, LLC.

Item 9.01 – Financial Statements and Exhibits

(d)           Exhibits

Exhibit
Number                                           Description
99.1                                Press release issued by Alaska Communications and General Communication, Inc. on July 22, 2013

 
 

 

SIGNATURES

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: July 23, 2013
     
       
   
By:
/s/ John M. Lowber
     
Name: John M. Lowber
     
Title:  Senior Vice President,
     
Chief Financial Officer
     
and Treasurer
     
(Principal Financial Officer)



Exhibit Index

Exhibit No.
Description
99.1
Press release issued by Alaska Communications and General Communication, Inc. on July 22, 2013


 
 

 

EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 exhibit99-1.htm
 
 

 

Exhibit 99.1
 
 
JOINT MEDIA RELEASE
 
Alaska Communications and GCI Announce Closing of
The Alaska Wireless Network, LLC
Venture to Offer Alaskans Best Wireless Experience in Alaska
 
ANCHORAGE, Alaska, July 22, 2013 (BUSINESS WIRE) – Alaska Communications (NASDAQ: ALSK) and General Communication, Inc. (“GCI”) (NASDAQ:GNCMA) today announced the companies have completed the previously announced transaction to form The Alaska Wireless Network, LLC (“AWN”).
 
Alaska Communications and GCI, leading wireless providers in Alaska, have each contributed their respective wireless assets, including spectrum licenses, cell sites, backhaul facility usage rights, and other assets necessary for AWN to design, build, and operate a statewide wireless network.  From the start, AWN’s network will cover more of Alaska’s population than the network of any other wireless provider.  AWN will provide the latest wireless services, including LTE, to its owners, Alaska Communications and GCI. Alaska Communications and GCI will independently sell these services to their respective retail customers and continue to operate as competitors in Alaska.
 
“The wireless business is capital intensive, requires scale to compete successfully against national carriers, and demands more spectrum than either of our two companies individually owns,” said Alaska Communications President and CEO Anand Vadapalli and GCI President and CEO Ron Duncan. “By combining our respective wireless assets, we can provide a state-of-the-art Alaska wireless network owned and operated by Alaskans for Alaskans.  We believe that The Alaska Wireless Network will provide the fastest, most geographically extensive, and most reasonably priced wireless services for Alaska subscribers, allowing us each to compete more effectively in the retail market.”
 
Under the transaction, Alaska Communications owns one third and GCI owns two thirds of AWN. Under the terms of the agreement, Alaska Communications will receive $100 million cash and is eligible to receive preferred distributions totaling up to $190 million over the first four years of operation. GCI will receive all remaining available distributions over the first four years. Distributions thereafter will be on a pro rata ownership basis.
 
Evercore acted as financial advisor to Alaska Communications, with The Stephens Group providing an additional fairness opinion.
 

 
About Alaska Communications
Alaska Communications is a leading provider of advanced broadband solutions for businesses and consumers in Alaska.    We operate a highly reliable, advanced statewide data and voice network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous United States. For more information, visit www.alaskacommunications.com or www.alsk.com.
 
Investor relations: Wayne Graham, (907) 564-7756
Media relations: Heather Cavanaugh, (907) 564-7722
 
 
 
 

 
About GCI
A pioneer in bundled services, GCI is a top provider of voice, data, and video services to Alaska consumers with a 70 percent share of the consumer broadband market.  GCI is also the leading provider of communications services to enterprise customers, particularly large enterprise customers with complex data networking needs.  More information about GCI can be found at www.gci.com.
 
Investor Relations: Tom Chesterman, (907) 868-1585; tchesterman@gci.com
Media Relations: David Morris, (907) 265-5396; dmorris@gci.com
 
 
 
Forward-Looking Statements
 
 
This joint release includes certain "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs as well as on a number of assumptions concerning future events made using information currently available to management.  Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Alaska Communications’ or GCI’s control.  For further information regarding risks and uncertainties associated with either company's business, please refer to either Alaska Communications' or GCI’s SEC filings.
 
 
 
 
 
 
#    #    #