GCI Liberty Subsidiary GCI Holdings To Acquire 100% Equity Of Q Gateway Holdings Alaskan Fiber Infrastructure, Valued At $310M

Key Transaction Terms

• GCI will acquire 100% of Quintillion at a $310 million Enterprise Value, subject to customary working–capital and other adjustments.
• GCI will reimburse up to $50 million of qualifying capital expenditures related to the Nome–to–Homer Express project.
• Additional consideration may be payable in 2028, 2029, and 2031 through a post-closing earnout dependent on achievement of certain financial metrics.
• Shortly after signing, GCI, LLC will provide a $160 million unsecured loan to Quintillion.