ANCHORAGE, Alaska, Nov. 4, 2015 /PRNewswire/ -- General
Communication, Inc. ("GCI") (NASDAQ: GNCMA) today reported its
third quarter 2015 results.
Growth in broadband data subscribers and ARPU coupled with
strong wireless roaming drove consolidated revenues for the third
quarter of 2015 to $259 million, an
increase of $18 million or seven
percent when compared with the third quarter of 2014.
Adjusted EBITDA for the quarter was $97
million, growing $3 million or
four percent compared with the third quarter of 2014. EBITDA for
the quarter was negatively affected by $4
million in AWN-related transition costs and the absence of
political advertising, which was particularly strong in the third
quarter of 2014. On a comparative basis, quarterly EBITDA benefited
from $8 million in equipment
installment plan revenue versus $7
million in the second quarter of 2015 and none in
2014. As more customers take our equipment installment plans,
we are seeing a reduction in ARPU which dampens the EBITDA benefit
of equipment installment revenue.
"We are pleased with our strong quarter led by roaming and
backhaul revenues of $45 million",
said Ron Duncan, GCI's president and
Chief Executive Officer. "We anticipate that this quarter
will represent the high water mark of those revenues for the
foreseeable future. We have been working with our largest
carrier customers to offer them a competitive alternative that will
reduce their rates, eliminate the seasonality in our revenues, and
retain significant traffic on our network. If we're successful, we
will have the majority of our roaming traffic on long-term
contracts but cash receipts from roaming and backhaul could
decrease by approximately 20 percent for 2016 as compared to
2015."
Full text and tables can be found at www.gci.com.
Conference Call
The company will hold a conference call to discuss the financial
results on Thursday, November 5, at
2:00 p.m. (Eastern). To access the
call, call the conference operator between 1:45-2:00 p.m. (Eastern) at 844-850-0551
(International callers should dial +1-412-902-4197) and identify
your call as "GCI".
In addition to dial-up access, GCI will make available net
conferencing. To access the call via net conference, log on to
gci.com and follow the instructions.
A replay of the call will be available for 72-hours by dialing
877-344-7529, access code 10069357 (International callers should
dial +1-412-317-0088).
Forward-Looking Statement Disclosure
The foregoing contains forward-looking statements regarding
GCI's expected results that are based on management's expectations
as well as on a number of assumptions concerning future events.
Actual results might differ materially from those projected in the
forward-looking statements due to uncertainties and other factors,
many of which are outside GCI's control. Additional information
concerning factors that could cause actual results to differ
materially from those in the forward-looking statements is
contained in GCI's cautionary statement sections of Forms 10-K and
10-Q filed with the Securities and Exchange Commission.
About GCI
GCI is the largest Alaska-based
and operated, integrated telecommunications provider, offering
wireless, voice, data, and video services statewide. Learn more
about GCI at www.gci.com.
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SOURCE GCI