GCI Liberty Inc
NASDAQ:GLIBA
GCI Liberty Inc
GCI Liberty, Inc. engages in the operation of communications businesses. The company is headquartered in Englewood, Colorado. The company went IPO on 2025-07-11. GCI serves urban and rural Alaska utilizing a combination of fiber, microwave, and satellite technologies. GCI owns and operates a statewide wireless network providing voice and data services to Alaskans. Its statewide wireless network provides fifth-generation (5G) data services, 4G Long Term Evolution voice and data services, EVDO, 3G UMTS/HSPA+, 2G CDMA, and 2G GSM/EDGE service. Its facilities include redundant and geographically diverse digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers in the lower 48 contiguous states and a statewide wireless network.
GCI Liberty, Inc. engages in the operation of communications businesses. The company is headquartered in Englewood, Colorado. The company went IPO on 2025-07-11. GCI serves urban and rural Alaska utilizing a combination of fiber, microwave, and satellite technologies. GCI owns and operates a statewide wireless network providing voice and data services to Alaskans. Its statewide wireless network provides fifth-generation (5G) data services, 4G Long Term Evolution voice and data services, EVDO, 3G UMTS/HSPA+, 2G CDMA, and 2G GSM/EDGE service. Its facilities include redundant and geographically diverse digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers in the lower 48 contiguous states and a statewide wireless network.
Record Results: GCI Liberty delivered record revenue of over $1 billion and adjusted EBITDA of more than $400 million for 2025.
Subscriber Trends: Consumer wireless subscribers grew 2% year-over-year, while data subscribers declined 3% due to wireless substitution and competition.
Rights Offering: The company completed a fully subscribed rights offering, raising about $300 million in net proceeds for strategic flexibility.
CapEx Outlook: 2026 capital expenditures are expected to peak at around $290 million as GCI completes Alaska plan build-outs, with CapEx trending back to 15–20% of revenue thereafter.
Margins: Margins are expected to remain stable in 2026, benefiting from the exit of the video business and absence of related costs.
Operational Achievements: The company repaired major network outages swiftly and completed the AIRRAQ 1 fiber build-out, expanding broadband in Alaska.
Macro Tailwinds: Potential new oil and gas activity could boost Alaska's economy and increase demand for GCI's services.
