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Breaking: ACS & GCI Form 'Alaska Wireless Network' #LTE #HSPA+ #CDMA

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GCI And Alaska Communications Form The Alaska Wireless Network, LLC

- Wireless Facilities Company Formed To Operate Alaska's Largest Network, Covering More than 95 percent of the State's Population
- Network Will Provide Next Generation Wireless Services To Alaska Communications and GCI Subscribers
- The Alaska Wireless Network Is A Competitive Response To National Carriers

ANCHORAGE, AK, June 5, 2012 /PRNewswire/ -- General Communication, Inc. ("GCI") (GNCMA) and Alaska Communications Systems Group, Inc. ("Alaska Communications") (ALSK) announced today that they have signed definitive agreements to form The Alaska Wireless Network, LLC (AWN), a Delaware limited liability company that will hold and operate both companies' wireless facilities. AWN will design and operate an Alaska statewide wireless network to provide next generation wireless service plans for GCI and Alaska Communications wireless customers. GCI and Alaska Communications will continue to market and sell these plans independently to their respective retail customers.

Under the terms of the definitive agreements, which have been approved by the boards of directors of each company, GCI and Alaska Communications each will contribute to AWN their respective wireless assets, including spectrum licenses, cell sites and backhaul facilities, switching systems, and certain other assets necessary to operate a statewide wireless network. As part of the transaction, GCI will purchase $100 million of wireless assets from Alaska Communications and contribute them to AWN.   Alaska Communications will own one-third and GCI will own two-thirds of AWN.  During........ ///

June 5, 2012, 8:00 a.m. EDT
GCI Announces Chief Operating Officer Transition Plan

ANCHORAGE, Alaska, June 5, 2012 /PRNewswire via COMTEX/ -- General Communication, Inc. ("GCI") GNCMA +0.30%  announced today its chief operating officer transition plan. Effective immediately, Greg Chapados will succeed Wilson Hughes as executive vice president and chief operating officer of GCI.

Hughes has agreed to serve as CEO and president of The Alaska Wireless Network, LLC "("AWN"), a limited liability company to be formed by GCI and Alaska Communications ALSK +9.00%  . AWN's purpose is to own, integrate and operate the two parent companies' wireless assets. AWN's formation is subject to....