STOCK TITAN

GCI reveals landmark commitment to bring 10 gig internet speeds to Alaska, will deliver 2 gig in 2022

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

GCI, Alaska's largest telecommunications company, announced plans to deliver 2 gig internet access to 77% of Alaskans by 2022, becoming a national leader in internet speeds. This expansion includes an upgrade from the current 1 gig service at no additional cost for existing customers on GCI+ red plans. GCI also revealed plans to enhance service to remote communities, with the eventual goal of providing 10 gig speeds in the next five years. The company has invested over $3 billion in its Alaska network over the past 40 years.

Positive
  • 2 gig internet access to 77% of Alaskans by 2022.
  • No additional cost for existing customers being upgraded to 2 gig service.
  • Future plans for 10 gig speeds in the next five years.
  • Investment of over $3 billion in Alaska's network over 40 years.
Negative
  • None.

ANCHORAGE, Alaska, May 19, 2021 /PRNewswire/ -- GCI, Alaska's largest telecommunications company and leader in technology and connectivity, announced today it will deliver 2 gig internet access to 77% of Alaskans in 2022 and is on track to provide 10 gig speeds in the next five years. GCI will be the first in the state, and among the first in the country, to make 2 gig widely available to customers, highlighting its commitment to expand and improve connectivity in Alaska.

GCI was among the first companies in the nation to make 1 gig service broadly available to customers when it launched 1 GIG red service in Anchorage in 2015, quadrupling customer speeds. The company rapidly expanded access to 1 gig service, and today 77% of Alaskans live within GCI's 1 gig footprint.

"When I started GCI more than 40 years ago, Alaska lagged far behind the rest of the nation in basic connectivity," said GCI CEO Ron Duncan. "Today I'm pleased to announce that when upgrades are complete in 2022, Alaska will lead the nation in 2 gig speeds. And it will be our turn, once again, to wait for the rest of the country to catch up."

Alaska communities that currently have access to GCI's 1 gig service will be the first to experience 2 gig service when it becomes available. Customers on GCI+ red plans will automatically be upgraded to 2 gig service, doubling their current speeds at no additional cost. The Alaska communities that will have access to 2 gig speeds when the service launches next year include:

Anchorage

Eagle River

Girdwood

Fairbanks

Fort Greely

Homer

Juneau

Kenai

Ketchikan

Kodiak

North Pole

Palmer

Petersburg

Seward

Soldotna

Sitka

Valdez

Wasilla


Wrangell


Additional Alaska communities will soon be on the upgrade list. GCI will launch 1 gig service in Nome and Kotzebue in 2021, and as part of the company's ambitious AU-Aleutians Fiber Project, will deliver 1 gig speeds to the remote Western Alaska communities of Unalaska, King Cove, Akutan, Sand Point, Chignik Bay and Larsen Bay. GCI's 2 gig speeds will be available in these communities in a future phase of the upgrade project.

"Nome, Kotzebue and communities in the Aleutians are among the most remote in the nation, but will soon have urban-level internet comparable to Anchorage, Chicago and Los Angeles," said Duncan. "It's another example of GCI's commitment to closing the digital divide and turning the Last Frontier into the First Frontier for connectivity."

GCI President and COO Greg Chapados emphasized GCI's commitment to investing in projects across Alaska to close the digital divide, and today announced GCI's consideration of another major rural project.

"It's a challenge to deliver broadband service across Alaska, but our team is always looking for innovative ways to deliver cutting edge service to our customers no matter where they live," said Chapados. "I'm pleased to announce today that GCI is developing a business and technical plan to build fiber to Bethel, connecting our customers there to 1, 2 and eventually 10 gig speeds. This project will transform the lives of our Bethel customers and will also enable GCI to deliver better data connectivity to surrounding communities."

"For decades, GCI has pioneered ground-breaking connectivity solutions for rural Alaska," Chapados continued. "TERRA, our hybrid fiber-microwave network, which brought terrestrial broadband service to Western Alaska for the first time; the AU-Aleutians Fiber Project, which should be substantially complete by the end of next year; and the launch of 1 gig in Kotzebue and Nome later this year illustrates our longstanding commitment to serving rural Alaskans.  We are working to finalize a comprehensive plan for the next evolution of data communications in rural Alaska. Bringing fiber to Bethel is a top priority in that plan."

About GCI
Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested more than $3 billion in its Alaska network and facilities over the past 40 years and recently launched true standards-based 5G NR service in Anchorage, now the nation's northernmost 5G service area. Learn more about GCI at www.gci.com. GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at http://www.libertybroadband.com.

Cision View original content:http://www.prnewswire.com/news-releases/gci-reveals-landmark-commitment-to-bring-10-gig-internet-speeds-to-alaska-will-deliver-2-gig-in-2022-301294444.html

SOURCE GCI

FAQ

What are GCI's plans for internet speeds in Alaska?

GCI plans to deliver 2 gig internet access to 77% of Alaskans in 2022, aiming for 10 gig speeds in the next five years.

When will Alaskans experience 2 gig internet service?

2 gig internet service is expected to be available to 77% of Alaskans by 2022.

How many communities will have access to GCI's 2 gig service?

GCI will provide 2 gig speeds to communities currently with access to its 1 gig service in 2022.

What is GCI's investment in Alaska's internet infrastructure?

GCI has invested over $3 billion in its Alaska network and facilities over the past 40 years.

What future projects does GCI have for rural Alaska?

GCI is developing a plan to bring fiber to Bethel, enabling 1, 2, and eventually 10 gig speeds.

Liberty Broadband Corporation

NASDAQ:LBRDA

LBRDA Rankings

LBRDA Latest News

LBRDA Stock Data

10.89B
129.60M
9.63%
87.43%
0.13%
Telecom Services
Cable & Other Pay Television Services
Link
United States of America
ENGLEWOOD