LICT Gets Set to Spin Off Michigan Broadband
LICT, a publicly-held company with several rural service provider subsidiaries, plans to spin off one of those subsidiaries into a separately traded entity. The subsidiary, currently known as Michigan Broadband, will be known as MachTen after the spinoff, which is expected to occur on August 14, 2023. The separation will make LICT and MachTen completely independent, publicly traded companies.