LICT Corporation Reports Preliminary Fourth Quarter and Full Year 2019 Results
Summary
LICT has three companies that have elected to participate and received $1.3 million in annual A-CAM II funding for the full year ending December 31, 2019. In order to expand the Company’s non-regulated fiber initiatives and provide quality broadband services to our customers in the rural areas of the United States, our current plan calls for capital expenditures of $25 to $27 million in 2020. Our capital spending will enable us to meet A-CAM requirements, offer enhanced broadband speeds, and increase the overall fiber route miles in our network. It should be recognized that such information is based upon certain assumptions, projections and forecasts, including without limitation, business conditions and financial markets, regulatory and other approvals, and the cautionary statements set forth in documents filed by LICT on its website, www.lictcorp.com. LICT Corporation is a holding company with subsidiaries in broadband and other telecommunications services that actively seeks acquisitions, principally in its existing business areas.