Liberty Broabd Stock Price, News & Analysis

On October 10, 2022, Bethel Native Corporation (BNC) and GCI announced a partnership to enhance fiber broadband connectivity in Western Alaska's Yukon-Kuskokwim Delta. Backed by over $73 million in federal grants, the Airraq Network will provide 2 gigabit internet speeds to more than 10,000 residents. The project includes a 405-mile fiber network funded by a $42 million NTIA grant and a $31 million USDA RUS ReConnect grant, aiming for launch by late 2024. This initiative addresses the digital divide and promotes economic growth in remote communities.

Liberty Broadband Corporation will host a conference call on November 4, 2022, at 11:15 a.m. E.T. to discuss its third-quarter results. A press release detailing the financial performance will be issued before market open on the same day. The call will include a Q&A session covering Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Additionally, the conference call will be broadcast live on Liberty Broadband's website, with replays available afterward.

The Native Village of Port Lions, in collaboration with GCI, has secured a $29.3 million grant from the National Telecommunications and Information Administration (NTIA). This funding will support the construction of a subsea fiber network, enabling 2 gig residential internet speeds for six Alaska communities including Chignik Lagoon and Cold Bay. This initiative aims to bridge the digital divide, facilitating access to jobs, healthcare, and education in remote areas. The project is part of NTIA's broader $1 billion investment in tribal broadband initiatives.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on October 17, 2022, to shareholders on record as of September 30, 2022. Liberty Broadband owns interests in various communications businesses, primarily in Charter Communications and GCI, Alaska's largest communications provider, which has been operational for 40 years.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) reported its Q2 2022 results, showing a fair value of its Charter investment at $23.5 billion. The company generated $1.1 billion from selling 2.2 million Charter shares while maintaining a 26% equity interest. GCI's revenue remained flat at $238 million, with operating income at $10 million, reflecting a 44% decline. Liberty Broadband repurchased 9 million shares for $1 billion. The company's debt decreased to $3.9 billion, and cash remained stable at $301 million as of June 30, 2022.

GCI has been recognized as Alaska's fastest internet service provider by PCMag.com for the seventh consecutive year, achieving a record PCMag Speed Index (PSI) score of 176.7. This score surpasses competitors like Cox and AT&T, which scored 143.8 and 134, respectively, and is significantly higher than Starlink's 60.5. GCI plans to offer 10 gig internet speeds in the future and currently provides 2 gig speeds to 80% of Alaskans. The company is also expanding its fiber-optic network to multiple communities.

Liberty Broadband Corporation will host a conference call on August 5, 2022, at 11:15 a.m. E.T., to discuss second-quarter results. A press release detailing these results will be issued prior to market opening. The call will include a Q&A session about the financial performance and outlook for Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Attendees can register for the live broadcast on the company's website. Liberty Broadband is known for its interests in communications, particularly through Charter Communications and its subsidiary GCI.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced the declaration of a quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on July 15, 2022, to shareholders of record by June 30, 2022. This announcement underscores the company's commitment to returning value to its shareholders.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will host its virtual Annual Meeting of Stockholders on June 14, 2022, at 8:30 a.m. MT. Stockholders of record by April 18, 2022, can participate by logging in at www.virtualshareholdermeeting.com/LBRD2022. A Q&A session will follow, featuring Chairman John Malone and CEO Greg Maffei. Questions can be submitted via email until June 7, 2022. Liberty Broadband primarily operates through its interests in Charter Communications and GCI, a leading communications provider in Alaska.