GCI, Inc. -- Moody's changes GCI's outlook to positive; affirms ratings

New York, December 05, 2014 -- Moody's Investors Service ("Moody's") has changed GCI, Inc.'s ("GCI" or "the company") outlook to positive from stable following the announcement that the company will purchase Alaska Communications Systems Holdings' ("ACSH") wireless subscriber base and remaining one-third interest in the Alaska Wireless Network ("AWN") for $300 million. The transaction is targeted to close in the first quarter of 2015 and is subject to certain closing conditions. The financing for the acquisition is yet to be determined. Concurrently, Moody's has affirmed GCI's B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default Rating, SGL-2 speculative grade liquidity rating as well as the group's existing instrument ratings.

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