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May 7 , 2021 Liberty . BROADBAND Liberty Broadband Reports First Quarter 2021 Financial Results ENGLEWOOD , Colo .-- ( BUSINESS WIRE ) -- Liberty Broadband Corporation ( " Liberty Broadband " ) ( Nasdaq : LBRDA , LBRDK , LBRDP ) today reported first quarter 2021 results . Headlines include ( 1 ) : • Fair value of Charter investment was $ 36 billion as of March 31st • From March 1st through April 30th , Liberty Broadband received $ 978 million of proceeds from sale of 1.6 million Charter shares to Charter 。 Maintained fully diluted equity interest in Charter of 26 % ( 2 ) • From February 1st through April 30th , Liberty Broadband repurchased 6.1 million LBRDK shares at an average price per share of $ 152.30 and total cash consideration of $ 923 million • In the first quarter , GCI ( 3 ) grew revenue 5 % to $ 242 million , generated operating income of $ 29 million and increased adjusted OIBDA ( 4 ) 11 % to $ 96 million • GCI received $ 175 million of Rural Healthcare proceeds and repaid $ 180 million under its revolving credit facility " This was our first quarter participating in Charter's buyback , which provided almost $ 1 billion in proceeds through April . We used all of these funds to repurchase Liberty Broadband shares at a meaningful net asset discount , generating substantial value for our shareholders , " said Greg Maffei , Liberty Broadband President and CEO . “ Despite fears of a pull forward in broadband demand during the pandemic , Charter achieved strong data subscriber growth and turned in a great first quarter . ” Share Repurchases From February 1 , 2021 through April 30 , 2021 , Liberty Broadband repurchased approximately 6.1 million Series C Liberty Broadband common stock ( Nasdaq : LBRDK ) at an average cost per share of $ 152.30 for total cash consideration of $ 923 million . The total remaining repurchase authorization for Liberty Broadband as of May 1 , 2021 is approximately $ 1.7 billion . Charter Ownership Under the terms of Liberty Broadband and Charter's stockholder agreement , Liberty Broadband has sold and will continue to sell to Charter a number of shares of Class A common stock as is necessary to reduce Liberty Broadband's percentage equity interest to 26 % on a fully diluted basis . Such sales are executed by Liberty Broadband monthly based on Charter's repurchase activity in the month prior . In the first quarter , Liberty Broadband sold 834,576 shares of Charter Class A common stock