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July 24, 2003
John Lowber, (907) 868-5628; jlowber@gci.com
David Morris, (907) 265-5396; dmorris@gci.com
Bruce Broquet, (907) 868-6660; bbroquet@gci.com
FOR IMMEDIATE RELEASE
MCI EXTENDS ALASKA SUPPLY CONTRACT WITH GCI
ANCHORAGE, AK -- GCI (NASDAQ:GNCMA), Alaska's
leading telecommunications service provider, today announced that
MCI is extending its Contract of Alaska Access Services for five
years to July 2008. This agreement sets the terms and conditions
under which GCI originates and terminates certain types of long
distance and data services in Alaska on MCI's behalf. In exchange
for extending the term of the contract, MCI receives a series of
rate reductions implemented in phases over the life of the
contract.
"We are delighted to reaffirm our strategic alliance with MCI,"
said Dick Westlund, GCI long distance general manager. "GCI
revenues attributed to MCI during 2002 totaled more than $84
million and with this contract amendment we are assured that MCI
will continue to use GCI's state-of-the-art network to meet their
future requirements throughout Alaska."
The foregoing contains forward-looking statements regarding the
company's expected results that are based on management's
expectations as well as on a number of assumptions concerning
future events. Actual results might differ materially from those
projected in the forward looking statements due to uncertainties
and other factors, many of which are outside GCI's control.
Additional information concerning factors that could cause actual
results to differ materially from those in the forward looking
statements is contained in GCI's cautionary statements sections of
Form 10K and 10-Q filed with the Securities and Exchange
Commission.
Based on revenues, GCI is the largest Alaska-based and operated
integrated telecommunications provider and provides local,
wireless, and long distance telephone, cable television, Internet
and data communication services throughout Alaska. More information
about the company can be found at www.gci.com.
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