GCI and Alaska Communications have finalized a joint venture to create a statewide wireless network.
The two firms today announced the launch of the Alaska Wireless Network, or AWN, which combines both companies’ cell site and other assets.
Under terms of the deal, first announced a year ago, GCI owns two-thirds of the network and Alaska Communications has a one-third stake.
GCI is also shoring up Alaska Communications by purchasing $100 million dollars worth of wireless assets, which will be operated by the new network. .
In a joint statement from both companies, they say competing in the wireless industry demands more spectrum than ether company owns on their own.
The joint venture was announced as wireless giant Verizon announced their intentions to enter the Alaska market.