Alaska Com, GCI Close on Wireless Net

Alaska Communications (NASDAQ:ALSK) and General Communication Inc. (NASDAQ:GNCMA) have completed the previously announced transaction to form The Alaska Wireless Network.Alaska Communications and GCI have each contributed their respective wireless assets, including spectrum licenses, cell sites, backhaul facility usage rights, and other assets necessary for AWN to design, build, and operate a statewide wireless network. AWN will provide the latest wireless services, including LTE, to its owners, Alaska Communications and GCI. Alaska Communications and GCI will independently sell these services to their respective retail customers and continue to operate as competitors in Alaska.