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LICT completes sale of minority stake in Modoc to Verizon

LICT Corp. completed the sale of its 25% stake in Modoc RSA LP to Verizon Wireless (VAW) LLC for an undisclosed amount.

Modoc provides wireless service in a rural area of Northern California. The transaction was not subject to any regulatory approvals.

Verizon Wireless is a unit of Verizon Communications Inc. LICT is a holding company with subsidiaries in multimedia and telecommunications services.