What CIBL does

CIBL, Inc. is a publicly traded holding company (OTC Pink: CIBY), spun off from LICT Corporation on November 19, 2007 and headquartered in Reno, Nevada. The company's asset base consists of (1) approximately $19 million in cash and short-term investments, (2) operating broadband and telecommunications infrastructure in New Hampshire acquired from LICT in 2019 — including a completed 2 Gig fiber broadband service across the Bretton Woods territory and fiber optic cable extended to the summit of Mount Washington — (3) a 20% equity interest in Brick Skirt, Inc., a broadband provider in western New York State (closed October 2024), and (4) 10,000 shares of Solix, Inc., a billing and collection outsourcing firm serving the telecom industry. The core operating business serves residential consumers in rural New Hampshire on a subscription-recurring basis through company-owned fiber infrastructure, while the minority investments provide exposure to adjacent telecom-services businesses.

The operating model is asset-heavy in physical fiber but headcount-light (under 20 employees), with management and administrative services provided by affiliated LICT Corporation. Full-year 2025 revenue was $2.275 million, up 15.2% from 2024; Q1 2026 revenue of $632,000 was up 20.4% year-over-year, with operating EBITDA of $193,000 (up 54.4%). Revenue is generated entirely from subscription fees on broadband services delivered over company-owned fiber in a single rural territory.

Leadership is led by Executive Chairman Mario J. Gabelli (also Chairman & CEO of LICT Corporation and GAMCO Investors) and CFO Kenneth D. Masiello, with a board that includes operational telecom, finance, and academic backgrounds. Capital allocation has historically emphasized share repurchases given the unusually small share count (~16,400-18,000 outstanding), but recent moves — the Brick Skirt acquisition, the June 2025 appointment of an external M&A Advisor, and the October 2025 board addition of a director with Fiberlight experience — indicate a strategic shift toward deploying the $19M cash position into bolt-on rural broadband acquisitions.

Name

CIBL

Legal name

CIBL, Inc.

Website

https://ciblinc.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

CIBL, Inc. is a publicly traded holding company (OTC Pink: CIBY) that operates rural broadband and fiber infrastructure in New Hampshire's Bretton Woods territory, holds a 20% stake in western New York ISP Brick Skirt, Inc., and maintains approximately $19M in cash and short-term investments for further telecom M&A.

Ownership category

akta.pro rank

Product category

Rural Broadband Telecommunications Services

akta.pro primary industry

Rural Broadband & Cooperative Fiber Operators (HDAIACAG)

akta.pro secondary industry

Wholesale Wavelength, Spectrum & Dark Fiber Providers (IRU/Leases) (HDAIALAI)

Keywords

• Rural broadband services
• Fiber optic network
• Telecommunications holding company
• Broadband infrastructure operations
• Residential internet service

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Others

Revenue model

1. Broadband and Telecommunications Services: Operating broadband and telecommunications operations in New Hampshire, providing services to residential customers. Revenue driven by service revenues from telecom operations.
2. Investment Income: Income from cash and short-term investments, including returns on $19.0 million cash position

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CIBL, Inc. operates broadband and telecommunications services in rural New Hampshire, acquired from LICT Corporation in 2019, providing 2 Gig fiber broadband to residential customers in the Bretton Woods territory and fiber optic connectivity to the Mount Washington summit. The company also holds strategic investments, including a 20% interest in Brick Skirt, Inc. (western New York broadband) and 10,000 shares in Solix, Inc., while maintaining a significant cash and short-term investment position.

Product overview

CIBL, Inc. is a holding company operating a portfolio of telecommunications and broadband assets. Its core operations consist of broadband and telecommunications services in New Hampshire (including 2 Gig fiber broadband service and fiber optic infrastructure to Mount Washington), supplemented by strategic investments in related companies: a 20% interest in Brick Skirt, Inc. serving western New York, and shares in Solix, Inc. providing billing services to telecom companies. The company does not offer a unified software platform but rather operates as an asset holding company with direct service delivery in its core territories.

Differentiator

Problem solved

Functional benefit

Products and services

• Broadband and Telecommunications Operations
• 2 Gig Fiber Broadband Service

Quantifiable outcome

• Q1 2026 revenue increased 20.4% to $632,000
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• LICT CorporationcoreStrategic or Co-development Partner · 1 July 2019LICT Corporation is the parent company from which CIBL was spun off in 2007. CIBL acquired broadband and telecommunications operations in New Hampshire from LICT in 2019. LICT also provides management services to CIBL.
• Brick Skirt, Inc.minorStrategic or Co-development PartnerCIBL holds a 20% interest in Brick Skirt, Inc., a provider of broadband and communication services to western New York State. CIBL reports closing on the acquisition of this interest in October 2024.
• ICTC Group, Inc.coreStrategic or Co-development PartnerCIBL owned approximately 40-44% of ICTC with voting control through a voting rights agreement. ICTC was merged with BEK Communications Cooperative in October 2018 for $65.25 per share, generating $10.9 million in proceeds for CIBL.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• LICT Corporation: CIBL's former parent and ongoing management-services provider; operates rural broadband and telecom properties in multiple states using the same playbook of small-market fiber upgrades. Most directly comparable given shared management and operational model.
• Consolidated Communications: Regional fiber and broadband operator serving smaller markets and rural communities across the U.S., with a similar focus on fiber upgrades to legacy copper plant in low-density territories.
• Cable One: Broadband provider focused on smaller markets and rural America; similar mix of fiber and coax upgrades to residential customers in low-density geographies.
• Otelco: Small rural wireline broadband and telecom provider serving customers in Alabama, Maine, Missouri, Vermont, and West Virginia; near-identical operating profile of a small rural broadband operator.
• WideOpenWest (WOW!): Regional cable broadband operator delivering high-speed internet to mid-size and smaller U.S. markets; comparable customer mix (residential broadband) and product positioning.
• Shenandoah Telecommunications (Shentel): Small-cap rural telecom holding company with fiber broadband, cable, and wireless operations across the Mid-Atlantic; structurally similar to CIBL as a small holding company over rural telecom assets.
• ATN International: Telecom holding company operating rural and island broadband/wireless networks; comparable business model as a small public operator focused on underserved geographies.

Broad incumbents

• Liberty Latin America: Broadband and cable operator with a portfolio of small-market telecom assets in the Caribbean and Latin America; relevant for portfolio-over-rural-broadband comparison, though geographically distinct.
• Frontier Communications: Large incumbent wireline carrier with a heavy rural and small-city footprint and an ongoing fiber-overbuild strategy. Comparable operating model (fiber to rural homes) but vastly larger scale.

Emerging players

• Brick Skirt, Inc. Rural broadband and communications services provider in western New York State in which CIBL holds a 20% interest; directly comparable operating footprint adjacent to CIBL's own geography.

Market position

Strengths1 record

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIBL