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Liberty . BROADBAND Liberty Broadband Reports Third Quarter 2021 Financial Results November 4 , 2021 ENGLEWOOD , Colo .-- ( BUSINESS WIRE ) -- Liberty Broadband Corporation ( " Liberty Broadband " ) ( Nasdaq : LBRDA , LBRDK , LBRDP ) today reported third quarter 2021 results . Headlines include ( 1 ) : • Fair value of Charter investment was $ 40 billion as of September 30th • From August 1st through October 31st , Liberty Broadband received $ 1.2 billion of proceeds from sale of 1.5 million Charter shares to Charter • Maintained fully diluted equity interest in Charter of 26 % ( 2 ) • From August 1st through October 31st , Liberty Broadband repurchased 5.3 million LBRDA / K shares at an average price per share of $ 177.50 and total cash consideration of $ 935 million • In the third quarter , GCI ( ³ ) grew revenue 1 % to $ 246 million , generated operating income of $ 16 million and adjusted OIBDA ( 4 ) declined 3 % to $ 89 million • GCI amended its credit facility on October 15th , extending the maturity to October 2026 Share Repurchases From August 1 , 2021 through October 31 , 2021 , Liberty Broadband repurchased approximately 3.9 million shares of Series C Liberty Broadband common stock ( Nasdaq : LBRDK ) at an average cost per share of $ 178.79 for total cash consideration of $ 692 million and repurchased approximately 1.4 million shares of Series A Liberty Broadband common stock ( Nasdaq : LBRDA ) at an average cost per share of $ 173.92 for total cash consideration of $ 243 million . The total remaining repurchase authorization for Liberty Broadband as of November 1 , 2021 is approximately $ 1.6 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 maintain Liberty Broadband's percentage equity interest at 26 % on a fully diluted basis . Such sales are executed by Liberty Broadband monthly based on Charter's repurchase activity in the month prior . From August 1 , 2021 through October 31 , 2021 , Liberty Broadband sold 1.5 million shares of Charter Class A common stock to Charter for total proceeds of approximately $ 1.2 billion . Balance Sheet The following presentation is provided to separately identify cash and liquid investments , debt and public holdings of Liberty Broadband as of June 30 , 2021 and September 30 , 2021 .