From Yahoo Finance · · 1m 30s
Liberty Capital buys Quintillion for $360M fiber deal
Alaska cable company acquires 3,000 kilometers of fiber optic cable to expand its network and generate significant cost savings.
In brief
Alaska cable company acquires 3,000 kilometers of fiber optic cable to expand its network and generate significant cost savings. Liberty Capital's $360M acquisition of Quintillion's fiber network is expected to add 35% to the company's valuation through $20M in annual synergies. Originally reported by Yahoo Finance.
Liberty Capital rebrands, eyes growth
GCI Liberty, an Alaskan cable company, rebranded to Liberty Capital Corporation in May 2026 to signal its expansion beyond legacy cable operations into a broader business portfolio.
Quintillion deal brings 3,000 km of fiber
Liberty Capital closed a $360 million acquisition of Quintillion, which owns approximately 3,000 kilometers of fiber optic cable and plans to expand by another 2,500 kilometers.
“This perfectly aligns with Liberty's GCI operations.”
Deal unlocks $20M in annual synergies
Quintillion generates $55-60M in revenue and $30M in free cash flow. Liberty Capital expects to realize approximately $20M in annual synergies from combining the businesses.
“We would expect significant synergies (reportedly around USD 20m) so we have little doubt that the deal adds value.”
Valuation jumps 35% with deal included
When the Quintillion acquisition is incorporated into financial models, Liberty Capital's valuation increases by approximately 35%, suggesting the deal creates substantial shareholder value.
“the valuation uplift is around 35%”
Management exits low-margin video business
Liberty Capital decided to retreat from its competitive and low-margin video business, focusing resources on higher-value fiber and cable operations instead.
Stock falls despite deal, fund increases stake
Liberty Capital's stock declined 40.6% in the quarter, partly due to a failed deal to acquire a stake in Liberty Latin America. The Conventum-Alluvium Global Fund increased its position to 3.4% of the fund.
“With the share price falling (to levels approximating half our valuation), and encouraged by its CEO buying shares, we increased our position”
What it means
Liberty Capital's $360M acquisition of Quintillion's fiber network is expected to add 35% to the company's valuation through $20M in annual synergies.
