CIBL, Inc. reports financial and operating developments for a holding company with interests in broadband operations. Its news commonly covers New Hampshire Operations conducted through Bretton Woods Telephone Company and World Surfer, Inc., including broadband, end-user terminal and voice over internet protocol service revenue, operating EBITDA, and fiber network projects in Northern New Hampshire.
Company updates also address corporate actions such as common-share repurchases, board and advisory appointments, liquid-asset disclosures, and investment interests, including its completed minority interest in Brick Skirt Holdings, Inc., a broadband and communications provider in western New York.
CIBL, Inc. (OTC Pink: CIBY) has announced the closing of its acquisition of a 20% interest in Brick Skirt Holdings, Inc. from LICT The transaction was completed through the issuance of 750 CIBL common shares. Brick Skirt, through its subsidiaries, provides broadband and communication services to areas in western New York state.
This strategic move aligns with CIBL's ongoing efforts to explore various options for creating shareholder value. The company's Board of Directors continues to evaluate a broad range of strategic alternatives to enhance the company's position in the market and potentially increase returns for its investors.
CIBL, Inc. (OTC Pink: CIBY) has reported unaudited results for Q2 2024. The company's New Hampshire operations, consisting of Bretton Woods Telephone Company and World Surfer, Inc., saw revenues increase to $508,000, up $24,000 from Q2 2023. EBITDA from these operations rose to $150,000, compared to $123,000 in the previous year. CIBL repurchased 269 shares at an average price of $1,816 per share, reducing outstanding shares to 12,399. The company renewed its contract with Omni Mount Washington Resort for another five years. CIBL is also in the process of acquiring a 20% interest in Brick Skirt Holdings, Inc. from LICT for $1,500,000, with 40% already acquired and the remaining 60% expected to be completed in H2 2024.
CIBL, operating Bretton Woods Telephone Company and World Surfer in Northern New Hampshire, reported unaudited first-quarter results ending March 31, 2024. The operations generated revenues of $468,000, consistent with the prior year. EBITDA before corporate expenses was $142,000 compared to $135,000 in 2023. In 2024, CIBL acquired 21 shares at an average price of $1,857 per share, with 12,647 shares outstanding. Since its 2007 spin-off from LICT, CIBL repurchased 13,769 shares for $19.1 million, averaging $1,387 per share. The company announced plans to acquire a 20% interest in Brick Skirt Holdings from LICT for $1.5 million, partially completed in Q3 2023 by issuing 300 CIBL shares, with the remainder expected in 2024. Brick Skirt provides broadband services in western New York. CIBL's Board continues to evaluate strategic alternatives to enhance shareholder value.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.