Libtelco 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.
The subsequent Liberia Telecommunications Act of 2007 placed regulatory authority over Libtelco and the Liberian telecommunications industry with the newly created Liberia Telecommunications Authority, while also granting Libtelco the sole license for all fixed line telephone services in the country until 2011.