GCI Liberty to Acquire Quintillion for $310M, Secures $160M Loan
GCI Liberty will acquire Quintillion for $310 million, adding 1,800 miles of operational subsea and terrestrial fiber plus 1,500 miles planned to its Alaska network. The transaction features a $160 million loan, up to $50 million in reimbursements and earnouts, and enables ringed network architecture to improve reliability and broadband access.
1. Acquisition Terms
GCI Liberty will purchase 100% of Quintillion for $310 million enterprise value. The agreement includes a $160 million unsecured loan, reimbursement of up to $50 million in capital expenditures and potential earnouts in 2028, 2029 and 2031 based on performance metrics.
2. Network Expansion and Reliability
The combined assets add 1,800 miles of existing subsea and terrestrial fiber plus 1,500 miles of planned routes to GCI’s Alaska footprint. A self-healing, ringed architecture will enhance routing diversity, reduce outage risk and improve recovery times in remote communities.
3. Financial Impacts and Funding
The transaction is funded through internal resources and the unsecured loan to support ongoing operations and expansion. Earnouts will be payable upon meeting specified financial targets, aligning incentives for long-term network performance and ensuring stewardship of public grant funding.
4. Strategic Importance
Strengthening fiber infrastructure will boost broadband access, healthcare, education and emergency services across more than 200 Alaska communities. The upgraded network also reinforces communications for national defense, maritime and aviation activities in critical Arctic regions.