GCI Liberty to acquire Quintillion for $310M enterprise value, plus earnouts

GCI Liberty, Inc.

Enterprise value $310M, subject to working capital adjustments; plus up to $50M capex reimbursement for Nome-to-Homer Express project.
Potential earn-out payments based on 2027, 2028, and 2030 gross revenue thresholds payable in 2028, 2029, and 2031, respectively.
GCI, LLC provides $160M term loan to Seller at SOFR + 8.50%; loan automatically deemed paid in full at closing or matures in 2031.
Closing conditions include HSR waiting period, FCC approvals, fiber operability, completion of Utqiagvik terrestrial fiber, and no prohibiting law.
Agreement may be terminated by either party if closing does not occur within 18 months; GCI pays $10M fee in certain termination scenarios.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GCI Liberty, Inc. entered into Securities Purchase Agreement with Q Gateway Ultimate Holdings, LLC valued at $310 million in cash (effective 2026-04-21).

Action: entry
Agreement: equity purchase
Counterparty: Q Gateway Ultimate Holdings, LLC
Value: $310 million in cash
Effective: 2026-04-21

Exact text from the filing

the “ Transaction ”) is being effected by GCI and GCI Liberty entering into a Securities Purchase Agreement (the “ Purchase Agreement ”) with Q Gateway Ultimate Holdings, LLC, a Delaware limited liability company (“ Seller ”).

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GCI Liberty, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-047805

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