Big Lubbock company in transition reports loss to stockholders - KCBD NewsChannel 11 Lubbock

Big Lubbock company in transition reports loss to stockholders

By James Clark | email 

LUBBOCK, TX (KCBD) – One of Lubbock's biggest employers reports a net loss of more than $1.9 million from January through the end of September.  However, stockholders are told that the future looks better.

For the moment Xfone, the parent company of NTS, is stretched between customers using old fashioned copper phone lines and those signing up for digital services on a high-tech fiber network.

The copper phone line customer base is shrinking while the fiber customer base expands.

Guy Nissenson, Xfone President, said Tuesday in a written statement, "As expected, we have continued to see solid growth in revenues from our fiber business as we add customers in the Lubbock and Levelland markets."

Nissenson also says growth in the fiber business "improved overall improved gross margins … in the third quarter of 2010"

The company recently broke ground on fiber projects in certain rural communities of Texas and Louisiana, which it calls FTTP or "fiber to the premise." 

Nissenson says, "The roll out of FTTP in these markets will be modeled on Levelland, where we completed construction of the network earlier this year and we have been marketing, selling and connecting customers at an encouraging rate, with approximately 40% of residential households and 50% of businesses signing up so far."

Copyright 2010 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Olympic gymnastics ex-doctor pleads guilty to sex charges

    Olympic gymnastics ex-doctor pleads guilty to sex charges

    Wednesday, November 22 2017 1:51 AM EST2017-11-22 06:51:40 GMT
    Wednesday, November 22 2017 10:54 PM EST2017-11-23 03:54:32 GMT

    Olympic gymnasts Aly Raisman, McKayla Maroney and Gabby Douglas are among the women who have publicly said they were among the doctor's victims.

    Olympic gymnasts Aly Raisman, McKayla Maroney and Gabby Douglas are among the women who have publicly said they were among the doctor's victims.

  • Cold War drama caught on video as N. Korean soldier escapes

    Cold War drama caught on video as N. Korean soldier escapes

    Wednesday, November 22 2017 2:11 AM EST2017-11-22 07:11:49 GMT
    Wednesday, November 22 2017 10:53 PM EST2017-11-23 03:53:53 GMT

    On a cold, grey afternoon, a lone North Korean soldier races toward freedom, the shock of his comrades palpable as they realize he is defecting to the South and start sprinting after him.

    On a cold, grey afternoon, a lone North Korean soldier races toward freedom, the shock of his comrades palpable as they realize he is defecting to the South and start sprinting after him.

  • Breaking

    Man hit by vehicle in West Lubbock

    Man hit by vehicle in West Lubbock

    Wednesday, November 22 2017 10:50 PM EST2017-11-23 03:50:03 GMT
    Source: KCBD GraphicSource: KCBD Graphic

    A man is in the hospital Wednesday night after being hit by a vehicle in West Lubbock, near the intersection of 34th & Alcove.

    A man is in the hospital Wednesday night after being hit by a vehicle in West Lubbock, near the intersection of 34th & Alcove.

Powered by Frankly