Research Update: GCI Inc. Outlook Revised To Negative From Stable; 'BB-' Rating Affirmed; Senior Unsecured Debt Rating Lowered Nov 12
- Language: English
- Published: November 2012
A well-positioned cable TV business with limited competition from direct-to-home (DTH) satellite providers; Growth in wireless services; and Bundled service offerings, which help improve customer retention. Significant exposure to highly competitive Alaskan telecommunications market; Lack of geographic diversity; Uncertain growth prospects from-expansion projects; and Elevated leverage for the rating level. The ratings on Anchorage, Alaska-based GCI Inc. reflect its significant exposure to the highly competitive Alaskan telecom market, lack of geographic diversity, uncertain growth prospects from expansion projects, and elevated leverage for the rating level. Tempering factors include GCI's well-positioned, although maturing, incumbent cable TV business and limited competition from direct-to-home (DTH) satellite services; growth in wireless services; and bundled service offerings, which helps improve customer retention. GCI primarily offers...
Companies mentioned in this report are: GCI Inc.
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Research Type: Full Analysis