California-Oregon Telephone Company “Cal-Ore” – A diversified communications company offering services in the Butte Valley and Tulelake areas of northern California, as well as some areas of southern Klamath County, Oregon.
Central Scott Telephone Company – Telephone company serving the North Scott area in Eldridge, Iowa.
CentraCom Interactive – Communications company providing full-service communications services for Central and Northern Utah.
Cuba City Telephone Exchange Company & Belmont Telephone Company – Providing telecommunications in southwestern Wisconsin.
Giant Communications, Inc. – A CLEC (Competitive Local Exchange Carrier) serving rural Kansas.
Haviland Telephone Company– Telephone company serving south-central Kansas.
JBN Telephone Company – Telephone company serving northeast Kansas.
Michigan Central Broadband Company, L.L.C. – Telephone company serving the lower peninsula area of Michigan.
Sound Broadband – Leveraging LICT’s 177 Spectrum Licenses across the U. S.
Upper Peninsula Telephone Company – Telephone company serving the upper peninsula area of Michigan.
Western New Mexico Telephone Company – Telephone company located in southwestern New Mexico.
The Company, together with its subsidiaries, is an integrated provider of broadband and voice services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier (“RLEC”, an incumbent local telephone company serving a rural area) and a Competitive Local Exchange Carrier (“CLEC”, a local telecommunications provider which competes with the incumbent telephone company). It provides high-speed broadband services, including internet access, through copper-based digital subscriber lines (“DSL”), fiber optic facilities, fixed wireless, and cable modems. It also provides video services through both traditional cable television services (“CATV”) and internet protocol television services (“IPTV”); Voice over Internet Protocol (“VoIP”); wireless voice communications; and several other related services. As used herein, LICT or the Company including its subsidiaries.
The Company’s business development strategy is to expand its existing operations through internal growth and acquisitions. It may also, from time to time, consider the acquisition of other assets or businesses that are not directly related to its present businesses.
LICT Corporation (“LICT” or the “Company”) was incorporated under the laws of the State of Delaware in 1996 as a subsidiary of Lynch Corporation (now “LGL Group Inc.”), and was originally named Lynch Interactive Corporation. The Company was spun off from Lynch Corporation in 1999 and has been named LICT Corporation since March 2007. LICT’s executive offices are located at 401 Theodore Fremd Avenue, Rye, New York 10580-1430. Its telephone number is 914-921-8821.
Legal Information This website has been prepared solely for the purpose of providing information about LICT Corporation. This website has been compiled in good faith by LICT. However, no representation is made as to the completeness or accuracy of the information it contains. In particular, you should be aware that this information may be incomplete, may contain errors or may have become out-of-date. The reports filed with the Securities and Exchange Commission and the reports to shareholders speak only as of respective dates on which they are filed or initially sent out by LICT. The contents of those reports can become out-of-date. LICT makes no commitment, and disclaims any duty, to update any of those reports. LICT reserves the right to add, modify or delete any information at this website at any time. This website may contain forward-looking information which is based upon estimates, assumptions and projections. As a result, such information is subject to uncertainties, risks and inaccuracies that could be material. This website is provided “as is” without any warranty or implied representative of any kind. LICT shall not be liable for damages arising from any reliance on this website or information accessed through this website.
LICT achieves another quarter of solid revenue growth, stable EBITDA, and strong cash from operations; balance sheet strengthens as net cash grows
Fourth Quarter
- Revenues increased 10% to $31.2 million from $28.4 million.
- EBITDA grew to $14.7 million from $13.4 million.
- EPS rose 25% to $344 per share from $275 per share.
Full Year
- Revenues climbed 3.8% to a record $118.4 million from $114.1 million.
- EBITDA was $53.4 million versus $53.3 million.
- EPS rose to $1,353 per share from $1,256 per share.
Rye, NY – February 24, 2020 – LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports preliminary, unaudited, financial results for the year ended December 31, 2019.
Continue reading LICT CORPORATION REPORTS PRELIMINARY FOURTH QUARTER AND FULL YEAR 2019 RESULTS
Rye, New York – January 28, 2020 – LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has closed on a 5 year, $50 million, unsecured Revolving Credit Facility with CoBank. In addition to extending the term of the Revolving Credit Facility through 2025, the new loan facility provides lower pricing, an improved covenant structure, and greater flexibility to make charitable contributions, acquisitions as well as Shareholder Compensation.
Continue reading LICT CORPORATION CLOSES ON A NEW $50 MILLION DOLLAR REVOLVING CREDIT FACILITY PROVIDED BY COBANK
Rye, New York – January 3, 2020 – LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has closed the sale of its minority interest in the Modoc RSA Limited Partnership (“Modoc”) to Verizon Wireless. LICT had announced the signing of a definitive agreement for this transaction on November 26, 2019.
Modoc is a partnership controlled by Verizon Wireless which provides service in a rural area of northern California. A subsidiary of LICT had acquired this interest in Modoc in 1988. The transaction was not subject to any regulatory approvals.
Dan Hopkins, President and Chief Financial Officer of LICT, said “The sale of LICT’s interest will further strengthen LICT’S financial condition and flexibility. This transaction concludes a very successful partnership with Verizon Wireless. Verizon has been a good partner and has provided excellent management of this property and we wish it continued success.”
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Reno, Nevada/Rye, New York, December 16, 2019 – LICT Corporation (“LICT”; OTC Pink ®: LICT) and CIBL, Inc. (“CIBL”; OTC Pink ®: CIBY) are announcing that the New Hampshire Public Utilities Commission (“NHPUC”) today approved the merger of LICT’s subsidiary which owns the Bretton Woods Telephone Company (“BWTC”) with a subsidiary of CIBL. The NHPUC’s approval of the merger is effective as of December 31, 2019.
Continue reading CIBL AND LICT TRANSACTION RECEIVES FINAL APPROVAL AND A YEAR END CLOSING IS SCHEDULED
Rye, NY – November 26, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing the signing of a definitive agreement to sell its minority interest in the MODOC RSA Limited Partnership (“Modoc”), to Verizon Wireless. Modoc is a partnership which is controlled by Verizon and provides wireless service in a rural area of northern California.
Continue reading LICT CORPORATION ANNOUNCES SALE OF ITS INTEREST IN MODOC RSA LIMITED PARTNERSHIP TO VERIZON
- Revenues were $28.4 million, a reduction of 12% from $32.3 million.
- EBITDA was $13.0 million, a $4.7 million decline from $17.7 million.
- Earnings per share were $263 per share compared to $391 per share in 2018.
- Charitable Contribution Program continues in the Fourth Quarter of 2019.
Rye, NY – November 20, 2019 – LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ending September 30, 2019.
SHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM — In 2016, the Company adopted a Shareholder Designated Charitable Contribution Program. Under the Program, all registered shareholders are eligible to designate charities and the company will make a contribution to that charity. In 2016, 2017 and 2018, the company made $100 per share contributions on behalf of its shareholders to their designated charities. The LICT Board of Directors approved the 1st quarter 2019 contribution, also at $100 per share, in December 2018, and the contributions were distributed to the charities in the 1st quarter of 2019. In addition, the board approved an additional contribution in the 3rdquarter of 2019 and the distribution will be made in the 4th quarter of 2019.
Continue reading LICT CORPORATION REPORTS THIRD QUARTER RESULTS
Rye, New York- October 1, 2019 – LICT Corporation (OTC Pink: LICT) As previously announced, LICT is continuing its Shareholder Charitable Contribution Program, adopted in 2016, for all registered shareholders during the fourth quarter of 2019. All registered shareholders will be eligible to designate 501(c)3 charities to which the company will make a donation of $100 per share on behalf of the shareholder.
Continue reading LICT SHAREHOLDER DESIGNATED CHARITABLE CONTRIBUTION PROGRAM
