Summary: GCI Inc.

Standard & Poors, July 2004

Abstract
The rating on Anchorage, Alaska-based GCI Inc. primarily reflects the telecommunications and cable television service provider's exposure to substantial business risk in the highly competitive telecommunications business, modest market size, and lack of geographical diversity. Partially offsetting this business risk is GCI's well-positioned incumbent cable television business and fairly moderate leverage. At March 31, 2004, total debt was about $411 million (about $459 million after adjusting for operating leases). GCI primarily provides telecommunications and cable services in Alaska. In telecommunications, the company has been providing long-distance service since 1982 and local service since 1997 through a combination of owned facilities (switches and undersea fiber links) and leased local loops. It has acquired significant market share through aggressive marketing and the...

Companies mentioned in this report are: GCI Inc.
Action: Review

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GCI Inc.

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