Liberty Broadband Corporation Announces Record Date and Distribution Date for Spin-Off of GCI Liberty, Inc. Liberty Broadband Corporation announced key dates for the spin-off of its subsidiary GCI Liberty. The record date is set for June 30, 2025, at 5:00 p.m. NYC time, with distribution scheduled for July 14, 2025, at 4:30 p.m. Shareholders will receive 0.20 shares of GCI Liberty's Series A, B, and C GCI Group common stock for each corresponding Liberty Broadband share held. Post spin-off, GCI Liberty will operate independently, owning 100% of GCI, LLC and subsidiaries. The new shares will trade on Nasdaq (GLIBA, GLIBK) and OTC Markets (GLIBB) starting July 15, 2025. The spin-off completion depends on regulatory approval from Alaska, expected by June 27, 2025. GCI provides telecommunications services across Alaska, having invested $4.7 billion in network infrastructure over 45 years.

#LBRDA #LBRDK #LBRDP Liberty Broadband Corporation Announces Record Date and Distribution Date for Spin-Off of GCI Liberty, Inc.

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Liberty Broadband Reports First Quarter 2025 Financial Results Liberty Broadband (LBRDA) reported its Q1 2025 financial results, highlighting several key developments. The company received $300 million from selling 830,000 Charter shares and plans to cash settle $860 million of exchangeable debentures by May 2025. GCI, their Alaska-based communications subsidiary, showed strong performance with a 9% revenue increase to $266 million and 23% growth in Adjusted OIBDA to $111 million.Notably, Liberty Broadband is proceeding with two major corporate transactions: its acquisition by Charter (where shareholders will receive 0.236 Charter shares per Liberty Broadband share) and the planned spin-off of its GCI business in summer 2025. GCI also successfully refinanced its credit facility, securing a $450 million revolver and $300 million Term Loan A with extended maturities.

#LBRDA #LBRDK #LBRDP Liberty Broadband Reports First Quarter 2025 Financial Results

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Liberty Broadband Reports Fourth Quarter and Year End 2024 Financial Results Liberty Broadband (LBRDA) has reported its Q4 and full-year 2024 results, highlighting significant corporate developments. The company has entered into a definitive merger agreement with Charter, where Liberty Broadband shareholders will receive 0.236 Charter shares per Liberty Broadband share. The transaction is expected to close on June 30, 2027.Key financial highlights include: Fair value of Charter investment reached $15.5 billion as of December 31, 2024Liberty Broadband received $205 million from selling 541,000 Charter sharesGCI business achieved 4% revenue growth to $1.0 billionGCI generated operating income of $144 million and Adjusted OIBDA of $362 millionThe company plans to spin off its GCI business in summer 2025. Charter will continue monthly repurchases of $100 million of its Class A common stock from Liberty Broadband until the merger completion, maintaining Liberty Broadband's ownership above 25.25%.

#LBRDA #LBRDK #LBRDP Liberty Broadband Reports Fourth Quarter and Year End 2024 Financial Results

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