Billionaire seeks controlling interest in GCI, regulatory filings show

Billionaire seeks controlling interest in GCI, regulatory filings show
October 29, 2025

LATEST NEWS

Billionaire seeks controlling interest in GCI, regulatory filings show

Alaska’s largest residential internet provider may soon come under the control of billionaire businessman John Malone, one of America’s biggest private landowners and wealthiest people.

On Oct. 3, Malone filed paperwork with the Regulatory Commission of Alaska asking for permission to take majority ownership of GCI Liberty Inc., the parent company of GCI Communications, Alaska’s largest internet company.

Malone already owns a majority of GCI Liberty’s voting shares, according to RCA filings, but until now has been limited by agreements that hold his voting power below 50%.

According to the filings, Malone is asking for authority to increase his voting power to “a level that would constitute control of GCI Liberty and its certificated subsidiary GCICC.”

The filings also state that both GCI Liberty and Malone have asked for a waiver that would allow them to keep their financial documents confidential.

Under state law and regulation, those documents would ordinarily be available for public inspection as part of regulators’ approval process.

Public comments on the request for secrecy are due to RCA by Tuesday, Oct. 28, and the state regulator is expected to review the takeover request after that date.

The takeover would also affect United Utilities, which provides telephone and internet service in rural Alaska, including much of the Yukon-Kuskokwim river delta region, filings show.

James Brooks is a longtime Alaska reporter, having previously worked at the Anchorage Daily News, Juneau Empire, Kodiak Mirror and Fairbanks Daily News-Miner. A graduate of Virginia Tech, he is married and has a daughter, owns a house in Juneau and has a small sled dog named Barley.

Alaska Beacon is part of States Newsroom, the nation’s largest state-focused nonprofit news organization.

Share this post:

POLL

Who Will Vote For?

Other

Republican

Democrat

RECENT NEWS

One of the houses on Telephone Hill stands vacant on Wednesday, Nov. 5. A lawsuit filed against the city Friday seeks to reverse the eviction of residents and halt demolition of homes on the hill. (Mari Kanagy/Juneau Empire)

Telephone Hill residents file lawsuit against city to stop evictions and demolition

Sea-Tac flight cancellations likely as FAA prepares to slash 10% of traffic at ‘high-volume’ airports

Sea-Tac flight cancellations likely as FAA prepares to slash 10% of traffic at ‘high-volume’ airports

Faith Myers stands at the doors of the Alaska Psychiatric Institute in Anchorage. (File, courtesy photo)

Opinion: Court rulings on mistreatment of psychiatric patients need more state follow-up

Dynamic Country URL Go to Country Info Page