[1] Prior to the passage of the Telecommunications Act of 2007, LTC possessed a legal monopoly over the country's fixed line services, and today remains the sole company licensed by the Liberia Telecommunications Authority to provide fixed line telephone services.

[3]: 68 LTC was founded through the Liberian Telecommunications Corporation Act of 1973 to construct and operate the country's fixed line communications infrastructure and to provide services to residents and businesses.

[2] The corporation ceased operations in 1990 following the outbreak of the First Liberian Civil War and the subsequent collapse of the national government.

[2] Following the end of the Second Liberian Civil War in 2003, the transitional government failed in its attempt to privatize Libtelco.

[3]: 69  As a result, Libtelco has focused on expanding telephone, Internet and fax services through fixed wireless systems.