GCI Cable Closes Eyecom Cable System Deal
On June 2, 2010, GCI Cable closed on its purchase of Eyecom, Inc.’s television facilities in Girdwood, Alaska. Discussions between the two companies started in 2007, but it wasn’t until March 2010 that the companies reached a deal. On April 19, 2010 GCI announced it had received approval from the Regulatory Commission of Alaska (The Deal Advisor, 05/10, p.12). The purchase will provide Girdwood residents with their first opportunity to have a cable system that is digital– the FCC required that all television channels be digital by June 2009, but Eyecom did not meet that deadline.
Eyecom, Inc. is a subsidiary of TelAlaska, Inc., and has cable systems in Galena, Dutch Harbor and Unalaska. The company was bought by Charlotte, N.C.-based American Broadband in July 2008.
Anchorage, Alaska-based GCI provides phone, Internet and cable TV services to residential, commercial and government customers in Alaska. “To digitalize cable includes putting in new lines and new equipment to circulate the system,” said GCI vice president Dave Morris. “I think it’s safe to say it will take until 2012 to digitalize Girdwood to see it fully deployed throughout the valley.”