Liberty Broadband Corporation 7.00% Series A Cumulative Redeemable Preferred Stock

• GCI Communication Corp partners with Ericsson for core network Build and Operate, deploying 5G Core as part of the Ericsson dual-mode 5G Core solution to support the operator's ongoing transformation.  
• Ericsson will assume responsibility for core network operations across all network generations, leveraging AI to enhance customer experience, freeing up GCI resources for strategic initiatives.
• Ericsson and GCI to build a framework to streamline and accelerate deployment of future core functionality, accelerating the implementation of new capabilities.

PLANO, Texas, April 14, 2025 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and GCI Communication Corp (GCI) have announced a new partnership to revolutionize GCI's core network infrastructure and accelerate its cloud-native transformation. The new agreement provides the latest generation of cloud-core technology along with new AI tools and ways of working that address increasing network complexity inherent with evolving networks. This new agreement is a major step towards the seamless integration of advanced 5G services capabilities into GCI's network.

Ericsson already provides the Radio Access Network (RAN), microwave transport, and core network technology to support GCI's 3G, 4G, and 5G Non-Standalone (NSA) networks - the latter being the first 5G network in Alaska when launched in 2020. With this new deal, GCI will augment the network with a new dual-mode 5G Core in preparation for the future launch of 5G Standalone (SA) services. 

Ericsson will operate the existing 3G, 4G, and 5G NSA core network as well as the new cloud-native core platform, supporting 5G SA capabilities, on GCI's behalf via its Intelligent Operations Center (IOC). The partnership enables Ericsson and GCI to leverage their own unique areas of technical expertise to support the operation of GCI's statewide network and deliver the best possible connectivity to Alaskans.

In today's rapidly evolving landscape, the demand for faster and more reliable wireless connectivity continues to surge. Operators can face challenges when transforming their business processes and operations maturity to meet the demands of advanced 5G services while maintaining the quality of connectivity across earlier generations of networks their customers demand. Previously, options were limited to investing resources in complex modernizations, or relinquishing control by engaging a hosting provider.

By operating the core network on behalf of customers, Ericsson has introduced a third option for operators like GCI who need the control and flexibility of a wholly-owned core network while simultaneously accelerating operational transformation. Ericsson provides the means for GCI to support their transformation whilst maintaining control of their core network during deployment of 5G SA and associated advanced services in an efficient, focused and cost-disciplined manner.

"By leveraging Ericsson's expertise, innovative solutions, and advanced services capabilities, we are poised to elevate GCI's core network infrastructure to new heights and support its ambitious plans for growth and business evolution over the coming years," said Eric Boudriau, Senior Vice President and Head of Customer Unit Regional Customers & HCPs, Ericsson Americas. "We're dedicated to providing our customers with enhanced services and experiences, incorporating advanced AI and predictive core operations." 

The partnership heralds a new era of operational efficiency and customer-centricity for GCI. Ericsson's advanced artificial intelligence and predictive core operations promise an unparalleled customer experience. At the same time, new ways of working and inter-company collaboration accelerate the deployment of new future core functionalities while freeing up GCI's resources to concentrate on other strategic initiatives.

"We're excited to expand the long-standing partnership with Ericsson and strengthen GCI's wireless footprint throughout Alaska," said GCI Senior Vice President & Chief Technology Officer Troy Goldie. "By leveraging Ericsson's expertise and innovative solutions in the core network, we are building a framework that will enable us to streamline and accelerate deployment of future core functionality and accelerate the implementation of new capabilities enabling us to provide our customers with an even better mobile data and voice experience."

Ericsson's Core Build and Operate Managed Services not only provide predictability in core spending but also accelerate core deployment projects and operations transformation. With a shared commitment to innovation and excellence, GCI and Ericsson are poised to shape the future of wireless telecommunications in the region and beyond, one breakthrough at a time.

NOTES TO EDITORS:

Ericsson 5G Core

Ericsson 5G Standalone

Ericsson Managed Network Services: Empowering networks

GCI partners with Ericsson to turn up 5G sites in Alaska

GCI selects Ericsson for 5G rollout in Alaska

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ABOUT GCI:

Headquartered in Alaska, GCI provides data, mobile, video, voice and managed services to consumer, business, government, and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Learn more about GCI at www.gci.com. GCI is a wholly owned subsidiary of Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP). Learn more about Liberty Broadband at http://www.libertybroadband.com.

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SOURCE Ericsson

STAMFORD, Conn. and ENGLEWOOD, Colo., Feb. 26, 2025 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") and Liberty Broadband Corporation ("Liberty Broadband") (Nasdaq: LBRDA, LBRDK, LBRDP) have announced that earlier today, Charter and Liberty Broadband each held a special meeting of their respective stockholders to consider proposals related to the Agreement and Plan of Merger, dated November 12, 2024 (the "Merger Agreement"), by and among Charter, Liberty Broadband, and certain other entities, pursuant to which Charter will acquire Liberty Broadband. Based on the voting results, Charter and Liberty Broadband stockholders approved each of the proposals presented at their respective special meetings, including the proposal to approve the Merger Agreement and related transactions.

The companies currently expect the transaction to close on June 30, 2027, unless otherwise agreed, subject to the completion of the spin off of the business of Liberty Broadband's subsidiary GCI, LLC by way of a distribution to its stockholders, and other customary closing conditions.

About Charter

Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to nearly 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet^®, TV, Mobile and Voice. 

More information about Charter can be found at corporate.charter.com.

About Liberty Broadband Corporation

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband's principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI provides data, mobile, video, voice and managed services to consumer, business, government and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska.

Cautionary Note Regarding Forward Looking Statements

This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, regarding, among other things, the proposed transaction between Charter and Liberty Broadband. Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation: (i) the effect of the announcement of the proposed transaction on the ability of Charter and Liberty Broadband to operate their respective businesses and retain and hire key personnel and to maintain favorable business relationships; (ii) the timing of the proposed transaction; (iii) the ability to satisfy closing conditions to the completion of the proposed transaction (including regulatory approvals); (iv) the possibility that the transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (v) the ability of Liberty Broadband to consummate the spin-off of its GCI business; (vi) litigation relating to the proposed transaction; (vii) other risks related to the completion of the proposed transaction and actions related thereto; and (viii) the factors described under "Risk Factors" from time to time in Charter's and Liberty Broadband's filings with the SEC.  Many of the forward-looking statements contained in this communication may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity," "tentative," "positioning," "designed," "create," "predict," "project," "initiatives," "seek," "would," "could," "continue," "ongoing," "upside," "increases," "grow," "focused on" and "potential," among others.

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Charter assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

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SOURCE Charter Communications, Inc.