Big news for large Lubbock employer - KCBD NewsChannel 11 Lubbock

5/18/10

Big news for large Lubbock employer

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.

  • Local News on KCBD.comNewsMore>>

  • The Latest: Kim, Moon plant tree before resuming summit

    The Latest: Kim, Moon plant tree before resuming summit

    Thursday, April 26 2018 8:03 PM EDT2018-04-27 00:03:04 GMT
    Friday, April 27 2018 4:03 AM EDT2018-04-27 08:03:03 GMT
    (AP Photo/Ahn Young-joon). South Korean President Moon Jae-in waves as he leaves to meet with North Korean leader Kim Jong Un, near presidential Blue House in Seoul, South Korea, Friday, April 27, 2018. North Korean leader Kim Jong Un and President Moo...(AP Photo/Ahn Young-joon). South Korean President Moon Jae-in waves as he leaves to meet with North Korean leader Kim Jong Un, near presidential Blue House in Seoul, South Korea, Friday, April 27, 2018. North Korean leader Kim Jong Un and President Moo...
    South Korean President Moon Jae-in leaves for summit with North Korean leader Kim Jong Un.
    South Korean President Moon Jae-in leaves for summit with North Korean leader Kim Jong Un.
  • Korean summit starts with a handshake, after year of tension

    Korean summit starts with a handshake, after year of tension

    Thursday, April 26 2018 10:31 PM EDT2018-04-27 02:31:27 GMT
    Friday, April 27 2018 4:02 AM EDT2018-04-27 08:02:34 GMT
    (Korea Summit Press Pool via AP). North Korean leader Kim Jong Un, left, and South Korean President Moon Jae-in cross the military demarcation line to the South side at the border village of Panmunjom in the Demilitarized Zone Friday, April 27, 2018. K...(Korea Summit Press Pool via AP). North Korean leader Kim Jong Un, left, and South Korean President Moon Jae-in cross the military demarcation line to the South side at the border village of Panmunjom in the Demilitarized Zone Friday, April 27, 2018. K...

    After a year of tensions, North Korean leader Kim Jong Un and South Korean President Moon Jae-in have started their summit with a handshake.

    After a year of tensions, North Korean leader Kim Jong Un and South Korean President Moon Jae-in have started their summit with a handshake.

  • Kim Jong Un says Koreas on "starting line" of a new history

    Kim Jong Un says Koreas on "starting line" of a new history

    Wednesday, April 25 2018 10:38 PM EDT2018-04-26 02:38:28 GMT
    Friday, April 27 2018 4:02 AM EDT2018-04-27 08:02:21 GMT
    Kim Jong Un became the first North Korean leader to cross the Military Demarcation Line into the South. (Source: Pool/CNN)Kim Jong Un became the first North Korean leader to cross the Military Demarcation Line into the South. (Source: Pool/CNN)

    Seoul says North Korean leader Kim Jong Un and South Korean President Moon-Jae-in will plant a tree together and inspect an honor guard after Kim walks across the border for the leaders' historic summit.

    Seoul says North Korean leader Kim Jong Un and South Korean President Moon-Jae-in will plant a tree together and inspect an honor guard after Kim walks across the border for the leaders' historic summit.

Powered by Frankly