GCI wraps up Palmer, Wasilla cable purchase
The deal, worth $19 million, was finalized Nov. 19.
Anchorage-based GCI received necessary approval Nov. 9 from the Regulatory Commission of Alaska.
GCI acquired 100 percent of the stock of Rogers American Cablesystems, which had been owned by Canadian telecommunications company Rogers Communications Inc.
Rogers in Alaska served 7,300 subscribers and had the potential to reach 10,000 homes. As a result of the acquisition, GCI totals about 130,000 basic cable subscribers and passes 191,000 homes, a figure the company said accounts for 90 percent of the state’s households.
The move also would allow GCI to offer more telecommunications services in the Matanuska Susitna area, company officials said. GCI has begun work to connect the networks. The company expects to spend more than $3 million during the next two years to upgrade the plant and increase the products available to customers, according to Riley Snell, GCI vice president and general manager of cable and entertainment.