Incumbent local exchange carrier

LICT Corporation Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 4, 2024
Technology, Networks, Data Management, Telecommunications, Acquisition, Engineering, Internet, CIBL, Federal Communications Commission, AFI, OTC, MTCC, Capital expenditure, OTC Markets Group, MACT, Sale, Incumbent local exchange carrier, LICT, SHARE, Sound, DFT, Organization, Public expenditure, MachTen, ACP, Berkshire Hathaway, ILEC, State, GAMCO Investors, Data-rate units, MTC, Video game

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023.
  • Regulated revenues were $11.5 million in the fourth quarter of 2023, a decline of $0.6 million versus the prior year’s fourth quarter of $12.1 million.
  • Regulated EBITDA in the fourth quarter of 2023 was $3.9 million compared to $5.1 million during the same period last year.
  • CAPITAL EXPENDITURES – For the fourth quarter of 2023, capital expenditures were $7.5 million versus $12.0 million in the fourth quarter of 2022.

FirstLight Receives Federal Funds to Build More Maine Fiber

Retrieved on: 
Tuesday, December 19, 2023
Work, Health, Government, Partnership, News, ILEC, Town, MCA, Economic development, Volunteering, Incumbent local exchange carrier, Middle mile, Mobile phone

FirstLight partnered with the Mahoosuc Broadband Committee and the Town of Minot in its application process.

Key Points: 
  • FirstLight partnered with the Mahoosuc Broadband Committee and the Town of Minot in its application process.
  • It also offers cloud, data center, and cybersecurity solutions to a growing number of Maine organizations.
  • FirstLight currently has nearly 4,000 fiber route miles in Maine and continues to expand its network.
  • Its fiber network connects to the cable landing station in Halifax, Nova Scotia and traverses a unique route through the state and into Boston, Mass.

LICT Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Friday, December 8, 2023
Technology, Mobile, Wireless, Telecommunications, VoIP, CONNECT, Sale, LICT, ILEC, AMERICA, Acquisition, ACP, Engineering, USDA, Federal Communications Commission, OTC Markets Group, MTCC, Public expenditure, DFT, Digital divide, MACT, Organic, ACAM, Incumbent local exchange carrier, SHARE, AFI, MTC, Internet, Data-rate units, Centracom, Communication, MachTen, Growth, Press release, OTC, FCC, CIBL, Security (finance), Video game, Internet service provider, EBITDA

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2023.
  • Non-regulated revenues for the third quarter of 2023 increased 2.1% to $17.5 million from the prior year’s third quarter $17.2 million.
  • OTHER EXPENSES – Other expenses increased to $0.6 million in the third quarter of 2023, versus $0.3 million in the prior year’s third quarter, reflecting higher interest expense.
  • EARNINGS PER SHARE – Earnings per share prior to discontinued operations for the third quarter of 2023 were $195 per share.

MachTen, Inc. to Participate in Enhanced-ACAM & RUS ReConnect Programs

Retrieved on: 
Wednesday, October 11, 2023
OTC, Rural Utilities Service, MachTen, Federal Communications Commission Consolidated Reporting Act of 2013, MCBC, Data-rate units, MACT, ACAM, UPTC, Incumbent local exchange carrier, Internet service provider

Upper Peninsula Telephone Company (“UPTC”) and Michigan Central Broadband (“MCBC”), our wholly-owned Incumbent Local Exchange Carriers (“ILECs”), will collectively receive approximately $9.7 million of E-ACAM support annually for 15 years.

Key Points: 
  • Upper Peninsula Telephone Company (“UPTC”) and Michigan Central Broadband (“MCBC”), our wholly-owned Incumbent Local Exchange Carriers (“ILECs”), will collectively receive approximately $9.7 million of E-ACAM support annually for 15 years.
  • E-ACAM will run from January 2024 through 2038, and replace the current ACAM program scheduled to expire in 2028.
  • Additionally, UPTC, MCBC and Alpha Communications, have each been awarded ReConnect America grants from the Rural Utility Service.
  • The ReConnect grants may provide up to $70 million of cumulative support over 5 years to facilitate the construction of high-speed broadband facilities.

LICT Corporation Reports Second Quarter 2023 Results and August 31 Spin-off of Michigan Property – 150 Shares of MachTen Per One Share of LICT Corporation

Retrieved on: 
Friday, September 1, 2023
Technology, Mobile, Wireless, Telecommunications, VoIP, CONNECT, Digital divide, OTC Markets Group, Enhanced, Federal Communications Commission, ILEC, FCC, United States Department of Agriculture, Incumbent local exchange carrier, Internet, AMERICA, Federal, MACT, LICT, Public expenditure, Expense, EBITDA, SHARE, Data-rate units, USDA, MachTen, OTC, Growth, Corporate spin-off, ACP, Video game, Internet service provider

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended June 30, 2023.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended June 30, 2023.
  • Regulated revenues were $14.7 million in the second quarter of 2023 versus the prior year’s second quarter of $15.0 million.
  • Other Income (Expense) – Other income/expenses were $500,000 in the second quarter of 2023, versus $400,000 in the prior year’s second quarter.
  • At the time of the spin-off each shareholder of LICT received 150 shares of MachTen per one share of LICT.

FirstLight Continues Fiber Network Expansion in Hebron and Sumner, Maine

Retrieved on: 
Tuesday, April 4, 2023
Data-rate units, ILEC, Health, Telecommunications, CLEC, Quality of life, Government, Internet, Incumbent local exchange carrier, Competitive local exchange carrier, Internet service provider, Cable television

Albany, NY, April 04, 2023 (GLOBE NEWSWIRE) -- FirstLight, a leading provider of digital infrastructure services to enterprise and carrier customers throughout the Northeast and mid-Atlantic, announced today it has expanded its fiber network in rural Maine, adding more than 100 miles of new fiber to the western Maine towns of Hebron and Sumner.

Key Points: 
  • Albany, NY, April 04, 2023 (GLOBE NEWSWIRE) -- FirstLight, a leading provider of digital infrastructure services to enterprise and carrier customers throughout the Northeast and mid-Atlantic, announced today it has expanded its fiber network in rural Maine, adding more than 100 miles of new fiber to the western Maine towns of Hebron and Sumner.
  • To date, approximately 300 residences or locations in Hebron will now have access to high-speed fiber Internet, and that number continues to grow as FirstLight continues to deliver on its expansion plans.
  • “Many rural areas in Maine still have service provided via copper lines, which provide low-speed Internet,” explained Patrick Coughlin, Chief Development Officer.
  • FirstLight currently has nearly 4,000 fiber route miles in Maine and continues to expand its network.

LICT Corporation Reports Preliminary Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, March 14, 2023
Telecommunications, Software, Networks, Internet, Technology, VoIP, Mobile, Wireless, Security, Acquisition, Digital divide, Sale, Incumbent local exchange carrier, United States Department of Agriculture, Public expenditure, Human, Corporation, Organization, Armenia School Connectivity Program, Homeland Security Grant Program, ACP, EBITDA, LICT, OTC, SHARE, USDA, Cryptocurrency, Video game, Internet service provider

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended December 31, 2022.

Key Points: 
  • LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended December 31, 2022.
  • Fourth quarter 2022 revenues totaled $33.1 million compared to $32.5 million for the corresponding quarter in 2021.
  • Non-regulated revenues for the fourth quarter of 2022 increased 4.6%, to $18.1 million from the prior year’s fourth quarter $17.2 million.
  • Regulated revenues were $15.0 million in the fourth quarter of 2022 versus the prior year’s fourth quarter of $15.3 million.

FirstLight Announces Expansion of Residential Broadband in Maine

Retrieved on: 
Wednesday, December 7, 2022
ILEC, Maine Department of Transportation, Telecommunication, Quality of life, Internet, Hospital, State, University, Health, Firstlight Media, Incumbent local exchange carrier, Town, FTTH, Research, Ethernet, Internet service provider, Canal

The expansion of FirstLight’s Fiber-to-the-Home (FTTH) network in Maine is a direct response to increased demand for powerful, reliable residential Internet access to support important initiatives like telehealth, remote learning and remote work.

Key Points: 
  • The expansion of FirstLight’s Fiber-to-the-Home (FTTH) network in Maine is a direct response to increased demand for powerful, reliable residential Internet access to support important initiatives like telehealth, remote learning and remote work.
  • According to the Maine Department of Labor’s Center for Workforce Research and Information, Maine has about 160,000 jobs that were recently identified as being remote.
  • FirstLight has completed the "make ready" stage of the project and is currently in the construction phase, with installations underway.
  • FirstLight currently has 3,600 fiber route miles in Maine, which serves enterprise, carrier and residential customers, and anticipates building an additional 121 route miles of fiber by year-end.

Brightspeed Announces Withdrawal of Debt Syndication; Acquisition Remains on Track for Early October Close

Retrieved on: 
Thursday, September 29, 2022
Incumbent local exchange carrier, Digital divide, Acquisition, Note, Telecommunication, Lumen Technologies, Security (finance)

As a result, no Notes will be sold pursuant to this offering and no Term Loan will be offered at this time.The withdrawal of the announced debt financing package is not expected to impact Brightspeed's business, employees or customers.

Key Points: 
  • As a result, no Notes will be sold pursuant to this offering and no Term Loan will be offered at this time.The withdrawal of the announced debt financing package is not expected to impact Brightspeed's business, employees or customers.
  • Brightspeed expects to commence a debt financing transaction at some point in the future.
  • The acquisition is still expected to close in early October using an equity contribution from Apollo and proceeds from the committed financing obtained at the time of deal announcement.
  • The company aims to bridge the digital divide by deploying a state-of-the-art fiber network and a customer experience that makes staying connected simple and seamless.

Reinvent Telecom Receives 2022 Unified Communications Product of the Year Award

Retrieved on: 
Thursday, August 25, 2022
VARS, Microsoft Teams, Telecom, RPP, CEO, Unified communications as a service, UC, SRPMIC, National Partnership for Reinventing Government, Keyword Services Platform, Incumbent local exchange carrier, SMS, Microsoft, Member of the Scottish Parliament, CCAA Men's Basketball Tournament, MMS, Solution, Ownership, LinkedIn, TMC, INTERNET, Wholesaling, Internet, Unified communications, Education, Goal, SEO, City centre, Leadership, SIP, Salt River Pima–Maricopa Indian Community, Twitter, Growth, Ernst & Young Entrepreneur of the Year Award, Marketing, Network equipment, Mobile phone, Online shopping, Metaswitch, Facebook

SCOTTSDALE, Ariz., Aug. 25, 2022 /PRNewswire-PRWeb/ -- Reinvent Telecom, a provider of private-labeled unified communications (UC), SIP trunking, Direct Routing for Microsoft Teams and contact-center-as-a-service solutions (CCaaS), announced today that TMC, a global, integrated media company helping clients build communities in print, in person and online, has named Reinvent's Unified Communications & Collaboration as a Service Platform as a 2022 Unified Communications Product of the Year Award winner.

Key Points: 
  • "It gives me great pleasure to honor Reinvent Telecom as a 2022 recipient of TMC's Unified Communications Product of the Year Award for their innovative solution, the Reinvent Unified Communications & Collaboration as a Service Platform," said Rich Tehrani , CEO, TMC.
  • "Our judges were very impressed with the ingenuity and excellence displayed by Reinvent Telecom in their groundbreaking work on the Reinvent Unified Communications & Collaboration as a Service Platform."
  • "It's an honor to be recognized by TMC for Unified Communications Product of the Year," said David Ansehl , Director of Wholesale Channel for Reinvent Telecom.
  • Winners of the 2022 Unified Communications Product of the Year Award will be announced online and highlighted in INTERNET TELEPHONY magazine online.