Alaska Communications Closes Transaction of Selling Its Wireless Business to GCI for $300 Million

ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska Communications (NASDAQ:ALSK) and General Communication, Inc. (“GCI”) (NASDAQ:GNCMA) today announced the companies have completed the previously announced transaction for Alaska Communications to sell its wireless subscriber base and its one-third interest in the Alaska Wireless Network, LLC (“AWN”) to GCI for $300 million.