Big news for large Lubbock employer - KCBD NewsChannel 11 Lubbock

LUBBOCK, TX (KCBD) - Two big announcements for one of Lubbock's largest employers.

The parent company of NTS, XFone, sold off its Israeli division for about 7.8 million dollars. But XFone is still recovering from the recession with a net loss in the first quarter of this year.

The loss is a bit more than one million dollars. The company reports good progress in its high-tech digital fiber project. The same project that will give many rural Texas towns access to high speed Internet.

Copyright 2010 KCBD. All rights reserved.