GCI Liberty reports Q1 2018 financial results

GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) has reported first quarter 2018 results, the company said.

Highlights include

Completed series of transactions resulting in the split-off from Qurate Retail, Inc. on March 9th;

Creation of asset-backed stock, GCI Liberty;

Reincorporation of GCI Liberty into Delaware approved at special stockholder meeting on May 7th;

GCI consumer data revenue increased 8%;

Revenue from GCI´s top tier unlimited wireless and data customers continued to grow.

GCI receives support from each of various Universal Service Fund programs: high cost, low income, rural health care, and schools and libraries. The USF Rural Health Care Program (“RHC Program”) subsidizes the rates for services provided to rural health care providers.