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(&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;, GCI, &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS Wireless, Inc., a wholly owned subsidiary of ACS (&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS Member&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;, GCI Wireless Holdings, LLC, &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;a&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; wholly owned&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; subsidiary&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; of GCI&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;, and &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;The Alaska Wireless Network, LLC (&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;AWN&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;&amp;#8221;)&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;pursuant to which the parties agreed to contribute the respective wireless network assets of GCI, ACS and their affiliates to AWN.&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;This transaction&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; provide&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; a robust, statewide network with the spectrum mix, scale, advanced technology and cost structure necessary to compete with Verizon Wireless &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;and AT&amp;amp;T Mobility, LLC&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; in Alaska.&amp;#160;&amp;#160; AWN will provide wholesale services to&amp;#160;GCI and ACS. &amp;#160;GCI and ACS&amp;#160;will&amp;#160;use the AWN network in order to&amp;#160;continue to sell services to their respective retail customers.&amp;#160;&amp;#160;GCI and ACS will continue to compete against each other and other wireless providers in the retail market.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;margin-left:0px;"&gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Arial;font-size:10pt;margin-left:27px;"&gt;Under the terms of the Wireless Agreement, we purchase&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;d&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; certain wireless network assets from ACS and its affiliates for $100.0 million and we &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;c&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ontribute&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;d&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; the purchased assets, our wireless network assets and certain rights to use capacity to AWN.&amp;#160;&amp;#160;ACS contribute&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;d&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; its remaining wireless network assets and certain rights to use capacity to AWN.&amp;#160;&amp;#160;Upon the contribution of assets to AWN, &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;the &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS Member own&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;s&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt; one-third of AWN and we own two-thirds of AWN.&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;The &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS Member will be entitled to receive preferential cash distributions totaling $190.0 million over the first four years of AWN's operations and we will be entitled to all remaining cash distrib&lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;utions during that period.&amp;#160;&amp;#160;Following the initial four year period, we and &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;the &lt;/font&gt;&lt;font style="font-family:Arial;font-size:10pt;"&gt;ACS Member will receive distributions proportional to our ownership interests.&amp;#160;&amp;#160;We are evaluating the accounting treatment for this transaction.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; 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