The Alaska Wireless Network formed Tuesday from a transaction
The Alaska Wireless Network formed Tuesday from a transaction between Alaska Communications and General Communications Inc., said Alaska Communications (http://yhoo.it/12JkYSN). Both parties “have each contributed their respective wireless assets, including spectrum licenses, cell sites, backhaul facility usage rights, and other…
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assets necessary,” so the entity can “design, build, and operate a statewide wireless network,” the company said. The wireless network will cover more state residents than any wireless provider, said the carrier. “Alaska Communications and GCI will independently sell these services to their respective retail customers and continue to operate as competitors in Alaska.” Alaska Communications owns a third of the Alaska Wireless Network and will get $100 million in cash, with eligibility for “preferred distributions totaling up to $190 million over the first four years of operation,” it said. GCI owns the other two-thirds of the network and will get the remaining distributions over those first four years, with distributions distributed on a pro rata ownership basis between the two companies after that, it said. The FCC approved the deal to form Alaska Wireless Network earlier this month (CD July 18 p3).