M&A Deal Summary

LICT Acquires Manti Telephone

On October 6, 2023, LICT acquired communications company Manti Telephone

Acquisition Highlights
  • This is LICT’s 1st transaction in the Communications sector.
  • This is LICT’s 2nd transaction in the United States.
  • This is LICT’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-10-06
Target Manti Telephone
Sector Communications
Buyer(s) LICT
Deal Type Add-on Acquisition

Target

Manti Telephone

Manti, Utah, United States
Manti Telephone is a provider of communication services. Manti Telephone is based in Manti, Utah.

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Buyer(S) 1

Buyer

LICT

Rye, New York, United States
Category Company
Founded 1996
Sector Communications
DESCRIPTION

LICT Corp. is an integrated provider of broadband and voice services. On the voice side, LICT Corp. 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). LICT Corp. provides high-speed broadband services, including internet access, through copper-based digital subscriber lines (“DSL”), fiber optic facilities, fixed wireless, and cable modems.

DEAL STATS #
Overall 2 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 CIBL

Reno, Nevada, United States

CIBL is a holding company that is actively seeking acquisitions within its existing business areas.

Buy -
Mergr

Product

Company

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