QUINTILLION acquired by GCI
Context
GCI Holdings, LLC has entered into a definitive agreement to acquire Quintillion in a transaction designed to significantly enhance Alaska's telecommunications infrastructure. The strategic combination merges Quintillion's unique subsea and terrestrial fiber network with GCI's extensive statewide network and operational capabilities. The primary rationale behind the acquisition is to improve network reliability and resilience for Alaskan customers. By integrating their complementary fiber routes, the combined entity will create a self-healing, ringed network architecture. This design increases routing diversity, allowing data traffic to be automatically rerouted in the event of a disruption, thereby minimizing the risk and duration of service outages in some of the nation's most remote communities. Furthermore, the transaction centralizes network management under GCI’s experienced, Alaska-based operations team. This unification is expected to improve day-to-day performance, provide clear accountability for maintenance and restoration, and enable more effective long-term capital investment planning. The deal also reinforces a shared strategy of leveraging both private investment and public grant programs to continue expanding broadband access into underserved regions. The resulting stronger, more redundant network is also seen as critical for supporting U.S. national security interests, public safety, and other strategic communications requirements in the strategically important Arctic region.
QUINTILLION, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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Target
Quintillion is a specialized provider of telecommunications infrastructure operating primarily in the challenging Arctic environment of Alaska. The company develops, builds, and operates a significant network of subsea and terrestrial fiber optic cables. Its infrastructure includes over 1,800 miles of existing fiber, with significant plans for further expansion. Quintillion's core mission is to deliver resilient, high-capacity connectivity to some of the world's most remote regions. Its network serves a diverse range of clients, including telecommunications carriers, internet service providers, government agencies, and enterprises in sectors such as healthcare and education. By establishing a robust fiber backbone, the company enables modern digital services in communities that have historically been underserved or reliant on less reliable satellite technology. The infrastructure is engineered to withstand the harsh Arctic conditions, ensuring a high degree of reliability and performance for critical communications and data transport across Northwest Alaska.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 300M - 700M USD
Revenue range: 50M - 100M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: quintillion
Acquirer: gci