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Wired West: TERRA-Southwest network leads revenue gains for GCI

Aug 9, 2012 - 09:40 PM AKST

Total revenue and net income for GCI showed substantial increases in the second quarter compared to 2011 thanks largely to the new TERRA-Southwest network it turned up this year in rural Alaska.

Revenues of $176.1 million and net income of $4 million for General Communications Inc. in the quarter ended June 30 were increases over $168.1 million in revenue and a $2 million net income loss during the same period of 2011.

Managed broadband revenues represented nearly the entire increase, growing by $7.1 million versus the second quarter of last year. Offsetting the broadband gains were flat to negative revenues in consumer voice, video and wireless.

While the drop in voice and video revenues are part of a long-standing trend away from wired....