LICT Corporation

Climate Impact & Sustainability Data (2020, 2022)

Charitable donations of $1.1 million to shareholders and team members.
Provided free or discounted internet connectivity to families with school-aged children.
Set up community Wi-Fi hotspot locations.
Donated 100 Chromebooks to local schools (WNM).

COVID-19 pandemic and related shelter-at-home mandates amplified the importance of voice and broadband services.
Challenges in acquiring spectrum in the Rural Digital Opportunity Fund (RDOF) auction.

Team remained fully operational to provide broadband.
Teammates followed CDC protocols, office personnel worked remotely.
Provided community Wi-Fi hotspots.
Joined the FCC’s Keep America Connected Plan.
Offered free or discounted internet connectivity to families.
Continued to look at acquisitions to help bring service to existing and new communities.

Gave back to our communities through charitable donations of $1.1 million in the names our shareholders. Since inception the LICT shareholder designated charitable contributions are over $8.4 million.
Continued to expand its fiber network throughout Utah, adding fiber facilities along the Wasatch Front and in the rural areas of Utah including new FTTH deployment in many ILEC and CLEC municipalities. CentraCom has connected over 2,500 homes to fiber internet.
LICT employees are rising to meet these expectations and demands. They work tirelessly to keep our networks operational and provide critical broadband service to our customers.
WNM remains dedicated to the communities it serves, supporting the local community and local schools giving students the resources they need work and learn remotely. WNM is currently building fiber to the last two schools in the state to be connected via fiber. Annually, WNM supports over 50 local organizations in one fashion or another and is well known for its charitable assistance to the communities it serves.
As a corporation, we contributed to 5 deserving organizations in 2022: The Women’s Resource Center; Safe Harbor; Veterans in Crisis; The Father Fred Foundation; and Menominee County Victims Services.

Hostile confrontations between different points of view.
Challenges and hurdles that the current data in part from the banking crisis and lingering inflation aspects of our economy have.
Increased competitive threats in markets not previously seen; supply chain issues and price increases.
Drought and fires were significant challenges for the communities in our service areas in 2022.
Significant grant awards of 2023 will present LICT with a new set of challenges and opportunities. These grants must be completed within five years from data of acceptance of awards. To execute these significant project builds throughout our network we will be required to acquire and implement new skills and processes in the organization.

Stepping up our capital expenditure budget, which has been robust compared to similar RLEC companies. We envision spending a quarter of a billion dollars over the next 5 years.
Re-examine and deliver our capabilities to best serve our communities.
Examine our historically served markets and adjacencies efficiently and effectively. Along these lines, we have added and are continuing to add speed to the capabilities of our individual systems. We are also adding teammates at corporate to understand where broadband, fixed wireless, and other types of services need to exist.
Re-examine each of our communities, households, and businesses to determine how we may assist in meeting the costs of broadband, voice, and other services. This includes the creation of targeted bundles and pricing.
Step up our operations by adding more teammates to each location to visit and be available.
Evaluating using satellite delivered services and offering them at a discount to our economic cost.
Exploring the use of aerial- old fashioned utility poles to deliver Broadband
Remain flexible and available to our communities, as we understand the importance of available and affordable high-speed data connectivity, and we are dedicated to deliver high-speed broadband to the largest number of residential and business customers possible.