GCI Liberty Reports Second Quarter 2019 Financial Results
GCI LIBERTY (GLIBA)
Last gci liberty earnings: 11/11 04:15 pm
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Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--GCI Liberty, Inc. (“GCI Liberty”) (Nasdaq: GLIBA, GLIBP) today reported second quarter 2019 results. Headlines include(1):GCI(2) total revenue declined 3% compared to the second quarter 2018GCI Consumer revenue down 2%, with Consumer data revenue up 6%GCI Business revenue decreased 5%GCI announced partnership with Ericsson to bring 5G network to Anchorage by the end of 2020GCI, LLC issued $325 million of 6.625% senior notes due 2024Used proceeds to redeem $325 million aggregate outstanding principal of 6.75% senior notes due 2021“This year we made major improvements to our data, wireless and video products which added significant value for our customers,” said GCI CEO, Ron Duncan. “Our partnership with Ericsson to bring five band 5G wireless service to Anchorage will build a wireless platform equal in quality to our wired data platform and provide the best overall choice for customers throughout Alaska.”Discussion of ResultsUnless otherwise noted
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