GCI Sells Fiber Optic Capacity for $19 Million

ANCHORAGE, Alaska, Jan. 22 -- GCI has completed a sale of fiber capacity in its long-haul fiber optic network in a cash transaction of $19.5 million. The sale includes both capacity within Alaska as well as in the lower 48 states. Under terms of the agreement, bandwidth capacity and terms of service were not disclosed. GCI's network is a high-capacity fiber optic communication system connecting Alaska's major population centers with the contiguous 48 states. GCI constructed the fiber optic network to meet its own capacity requirements, plus those of a limited number of potential broadband customers.