Rye-based LICT Corp. (OTC Pink: LICT), a wholly owned subsidiary CentraCom, has announced its acquisition of Manti Telephone Co. (MTC) and its sister companies, Manti Tele Communications Co. and AFConnect.
MTC has provided communication services in Manti and Sterling, Utah, for over a century, and expanded into Ephraim, Utah in the 1990s. In 2022, MTC further expanded its reach by acquiring AFConnect, an internet service provider in American Fork, Utah, known for its continuous growth in providing fiber-to-the-home internet services.
In a press statement, the acquisition is “part of LICT’s strategic initiative and reinforces our commitment to deliver high-quality communication services to the communities we serve. LICT continues to actively seek partnerships with other companies in and outside its current service areas to deliver fast, reliable digital speed.”
The terms of the acquisition were not disclosed.
