LICT Corporation
Other OTCCapital Structure
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in mil. unless spec.- CEO
- Mario Joseph Gabelli
- Full Time Employees
- 342
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- 401 Theodore Fremd Avenue Rye NY United States of America 10580-1430
- IPO Date
- Sep 2, 1999
- Website
- lictcorp.com
- Similar Companies
- Business
- LICT Corporation (OTC Pink: LICT), a holding company with subsidiaries providing integrated broadband, voice, and video telecommunications services primarily to rural residential, commercial, and governmental customers in the United States, operates as both rural local exchange carriers and competitive local exchange carriers; core offerings include high-speed broadband internet access via fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable modems; video services through traditional cable television and internet protocol television; voice over internet protocol; wireless voice communications; local and long-distance telephone services; network access for other providers; private line connections; public access; and managed hosting services. The company, incorporated in Delaware in 1996 as a Lynch Corporation subsidiary (spun off in 1999 and renamed LICT in 2007), maintains executive offices in Rye, New York, and conducts operations across California, Kansas, Iowa, New Mexico, Oregon, Utah, Wisconsin, and adjacent rural areas through subsidiaries such as CentraCom, Sound Broadband, and others; it also holds investments in wireless spectrum (301 licenses totaling 1,216 million MHzPoP), MachTen Inc., Aureon Network Services, CVIN LLC, and the Kansas Fiber Network. Recent developments encompass the January 2025 acquisition of Manti Telephone Company for $8.3 million to bolster rural Utah broadband capabilities; the September 2025 agreement for subsidiary CentraCom to acquire Gunnison Telephone Company (expected to close December 2025), expanding fiber and fixed wireless services to approximately 6,700 residents in central Utah; completion of a $15 million Iowa broadband project in March 2025 yielding $7.2 million in state grants; ongoing construction for $157.5 million in USDA ReConnect III and IV grants across Kansas, California, and New Mexico (LICT share: $13.7 million); $37.2 million annual E-ACAM support through 2038 for 100/20 Mbps rural deployment (50% by end-2026, 100% by end-2028); elevated 2025 capital expenditures exceeding $17.6 million quarterly for E-ACAM, ReConnect, fixed wireless, and 5G expansions via Sound Broadband; a $100 million CoBank credit facility secured in October 2024; appointment of Joe Cecin as COO and Christopher Nossokoff for M&A support in Q2 2025; and benefits from the July 2025 tax reform bill reinstating 100% bonus depreciation plus a June 2025 U.S. Supreme Court ruling affirming the Universal Service Fund.
LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Fiscal Year 2025 Results
LICT Corporation Reports Third Quarter 2025 Results
LICT (OTCMKTS:LICT) Trading Down 0.2% – Should You Sell?
LICT Corporation Announces Continuation of Shareholder Designated Charitable Contribution Program
LICT Corporation to Participate in Sidoti Small Cap Conference
LICT Corporation Increases Stock Re-purchase Program
LICT CORPORATION REPORTS Solid Second Quarter 2025
LICT Corporation Appoints Joe Cecin as Chief Operating Officer
LICT Corporation Announces Christopher Nossokoff Will Join Corporate Executive Team as Merger and Acquisitions Advisor
LICT Corporation Reports 2025 First Quarter Results
LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Full Year 2024 Results
LICT Corporation Reports Results for the 3rd Quarter 2024
LICT Corporation Closes on $100 Million Financing
LICT Corporation Announces Continuation of Shareholder Designated Charitable Contribution Program
LICT Corporation Continues Shareholder Designated Charitable Contribution Program
LICT Corporation Reports 2024 First Quarter Results
LICT Corporation Reports on the Expiration of the Affordable Connectivity Program and Shares Estimated First Quarter 2024 Results
LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results
LICT Corporation Shareholder Designated Charitable Contribution Program
LICT Corporation Reports Third Quarter 2023 Results