Liberty Broadband Corporation Class C - LBRDK STOCK NEWS

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on January 17, 2023, to shareholders on record as of the close of business on January 3, 2023. This reflects the company's ongoing commitment to returning value to its investors while maintaining its position in the communications sector, including its interests in Charter Communications and GCI.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) reported third quarter 2022 results with a fair value of Charter investment at $14.7 billion. The company sold 1.4 million shares of Charter for $616 million and repurchased 5.5 million shares at an average price of $99.77, totaling $550 million. GCI revenue increased 1% to $248 million with operating income declining to $1 million. Liberty Broadband's cash position dipped to $203 million as of September 30, 2022, and the company maintains a debt level of $3.9 billion.

Liberty Broadband Corporation (LBRDA, LBRDK, LBRDP) will hold its annual Investor Meeting on November 17, 2022, at 12:30 PM E.T. in New York, NY. The meeting will discuss financial performance and future outlook, along with presentations from Liberty Media and Qurate Retail. Registration and livestream details are available on the Liberty Broadband website. Attendees must be fully vaccinated against COVID-19. A Q&A session will follow, hosted by Chairman John Malone and CEO Greg Maffei, allowing for in-person and pre-submitted questions.

On October 10, 2022, Bethel Native Corporation (BNC) and GCI announced a partnership to enhance fiber broadband connectivity in Western Alaska's Yukon-Kuskokwim Delta. Backed by over $73 million in federal grants, the Airraq Network will provide 2 gigabit internet speeds to more than 10,000 residents. The project includes a 405-mile fiber network funded by a $42 million NTIA grant and a $31 million USDA RUS ReConnect grant, aiming for launch by late 2024. This initiative addresses the digital divide and promotes economic growth in remote communities.

Liberty Broadband Corporation will host a conference call on November 4, 2022, at 11:15 a.m. E.T. to discuss its third-quarter results. A press release detailing the financial performance will be issued before market open on the same day. The call will include a Q&A session covering Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Additionally, the conference call will be broadcast live on Liberty Broadband's website, with replays available afterward.

The Native Village of Port Lions, in collaboration with GCI, has secured a $29.3 million grant from the National Telecommunications and Information Administration (NTIA). This funding will support the construction of a subsea fiber network, enabling 2 gig residential internet speeds for six Alaska communities including Chignik Lagoon and Cold Bay. This initiative aims to bridge the digital divide, facilitating access to jobs, healthcare, and education in remote areas. The project is part of NTIA's broader $1 billion investment in tribal broadband initiatives.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on October 17, 2022, to shareholders on record as of September 30, 2022. Liberty Broadband owns interests in various communications businesses, primarily in Charter Communications and GCI, Alaska's largest communications provider, which has been operational for 40 years.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) reported its Q2 2022 results, showing a fair value of its Charter investment at $23.5 billion. The company generated $1.1 billion from selling 2.2 million Charter shares while maintaining a 26% equity interest. GCI's revenue remained flat at $238 million, with operating income at $10 million, reflecting a 44% decline. Liberty Broadband repurchased 9 million shares for $1 billion. The company's debt decreased to $3.9 billion, and cash remained stable at $301 million as of June 30, 2022.

GCI has been recognized as Alaska's fastest internet service provider by PCMag.com for the seventh consecutive year, achieving a record PCMag Speed Index (PSI) score of 176.7. This score surpasses competitors like Cox and AT&T, which scored 143.8 and 134, respectively, and is significantly higher than Starlink's 60.5. GCI plans to offer 10 gig internet speeds in the future and currently provides 2 gig speeds to 80% of Alaskans. The company is also expanding its fiber-optic network to multiple communities.