LICT Corporation, a key player in the rural broadband market, has secured a $100 million revolving credit facility to support its expansion and acquisition strategies.
LICT is focused on acquiring incumbents in rural telecom markets, having already successfully obtained funding from USDA's ReConnect program to expand broadband services.
The company actively seeks acquisitions and has successfully secured substantial grants, amounting to $157.5 million in USDA ReConnect funding, enhancing its rural broadband infrastructure.
With a diverse range of subsidiaries and significant funding achievements, LICT underscores the growing importance of rural telecommunications in expanding network access and improving connectivity.
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