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Summary: GCI Inc.
Standard & Poors, November 2010
The ratings on Anchorage-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; growth in wireless services; and bundled service offerings, which help improve customer retention. GCI primarily offers telecommunications and cable TV services in Alaska. The local telecom business has shown solid growth, including attaining a wireline phone penetration almost equal to the incumbent local exchange carrier (ILEC) Alaska Communications Systems Holdings Inc. (ACS) in a number of major Alaskan markets. Still, GCI still faces highly competitive conditions. The network...
Companies mentioned in this report are: GCI Inc.
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