LICT Corp., a Rye, New York-based holding company that provides broadband, voice and video services, has acquired Gunnison Telephone Co. in Gunnison through subsidiary CentraCom.
The transaction is expected to close in December, following required regulatory approvals.
CentraCom, headquartered in Fairview, is celebrating 122 years in business and provides broadband data, video and voice communications to over 60 cities throughout rural Utah.
LICT’s subsidiaries provide broadband and other telecommunication services and the holding company is expanding its market coverage areas through an aggressive network construction program and non-organically through mergers and acquisitions, primarily in rural communities.
Founded more than a century ago, Gunnison Telephone serves the communities of Gunnison, Centerfield, Mayfield, Fayette and unincorporated areas of Sanpete County, a total of approximately 6,700 residents in 1,576 households. It 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.
“We are thrilled to welcome the Gunnison Telephone Co. customers and employees to the LICT family of companies,” said Joe Cecin, chief operating officer of LICT Corp. “This acquisition is a great geographic and cultural fit for CentraCom, and furthers our strategic goal of expansion both organically and through M&A.”