Business
LICT Corporation Announces Acquisition of Gunnison Telephone Company
LICT Corporation Announces Acquisition of Gunnison Telephone Company.
About this update from Lict Corp.
[{"type":"text","content":"\r\n\r\n \r\n \r\n LICT Corporation Announces Acquisition of Gunnison Telephone Company\r\n \r\n \r\n\r\n\r\nLICT Corporation Announces Acquisition of Gunnison Telephone Company\r\n\r\n\r\n\r\n\r\n\r\n RYE, N,Y.--(BUSINESS WIRE)--\r\nLICT Corporation (“LICT”, OTC Pink®: LICT) announces that its wholly owned subsidiary, CentraCom, has agreed to acquire Gunnison Telephone Company (“Gunnison”), located in Gunnison, Utah. The transaction is expected to close in December 2025, following required regulatory approvals.\r\n\r\n\r\n \r\nCentraCom, headquartered in Fairview, Utah, is celebrating 122 years in business and provides broadband data, video, and voice communications to over sixty cities throughout rural Utah.\r\n\r\n\r\n \r\nFounded more than a century ago, Gunnison Telephone Company serves the communities of Gunnison, Centerfield, Mayfield, Fayette, and unincorporated areas of Sanpete County, Utah - a total of approximately 6,700 residents in 1,576 households. Gunnison offers telephone, broadband, and fixed wireless services, with its service area directly adjacent to CentraCom’s existing operations. Its network includes fiber-to-the-premises, copper, and fixed wireless facilities, and its customer base includes both residential and business subscribers.\r\n\r\n\r\n \r\n“We are thrilled to welcome the Gunnison Telephone Company customers and employees to the LICT family of companies,” said Joe Cecin, Chief Operating Officer of LICT Corporation. “This acquisition is a great geographic and cultural fit for CentraCom, and furthers our strategic goal of expansion both organically and through M&A.”\r\n\r\n\r\n \r\nThe acquisition will extend CentraCom’s statewide fiber and broadband footprint into Gunnison and surrounding rural communities, supporting economic growth, and expanding access to advanced, reliable communication services. The combined operations will also leverage CentraCom’s existing presence in the region to accelerate deployment of high-speed connectivity solutions.\r\n\r\n\r\n \r\nThis acquisition reflects LICT’s strategic initiative to strengthen its position in rural broadband markets and reinforces our commitment to delivering high-quality communications services to the communities we serve. LICT continues to actively see...