NTS parent company reports improved sales, smaller losses - KCBD NewsChannel 11 Lubbock

NTS parent company reports improved sales, smaller losses

By James Clark - email

LUBBOCK, TX (KCBD) - Lubbock phone, Internet, and digital video provider NTS reports a net loss for its parent company Xfone. The company announced a $3.6 million loss for the 4th quarter, and a net loss of $5.6 million for all of 2010.  The losses were down substantially from 2009.

The company's statement says 2010 was a good year for Xfone, which has completed a fiber optic network in Levelland and is using a combination of federal grants and loans to roll out fiber in several small Texas communities. 

"2010 demonstrated solid revenue growth in our fiber business attributed primarily to the completion of our build-out in the Levelland market where we have steadily increased our customer base," says Xfone's President and CEO, Guy Nissenson. 

Xfone reports a 25% increase in sales from customers on the new high-tech fiber network.  However, overall sales are down 4 percent due to a loss of customers who want phone service.  The company refers to the loss of sales from its residential copper network (old fashioned phone service) as "anticipated." 

Copyright 2011 KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Public shaming likely but GOP wary of new laws after Equifax

    Public shaming likely but GOP wary of new laws after Equifax

    Friday, September 22 2017 3:48 AM EDT2017-09-22 07:48:03 GMT
    Sunday, September 24 2017 6:27 AM EDT2017-09-24 10:27:15 GMT
    Prospects are good for a public shaming in the Equifax data breach, but it's unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million...
    Prospects are good for a public shaming in the Equifax data breach, but it's unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans.
  • Trump trying to turn around GOP holdouts on health bill

    Trump trying to turn around GOP holdouts on health bill

    Saturday, September 23 2017 12:46 AM EDT2017-09-23 04:46:21 GMT
    Sunday, September 24 2017 6:27 AM EDT2017-09-24 10:27:03 GMT

    McCain opposes latest GOP health care bill, drawing ire from Trump and possibly dealing death blow to repeal-and-replace effort.

    McCain opposes latest GOP health care bill, drawing ire from Trump and possibly dealing death blow to repeal-and-replace effort.

  • Right-wing firebrand plans to hold rally at UC Berkeley

    Right-wing firebrand plans to hold rally at UC Berkeley

    Saturday, September 23 2017 4:56 PM EDT2017-09-23 20:56:48 GMT
    Sunday, September 24 2017 5:28 AM EDT2017-09-24 09:28:12 GMT

    Right-wing commentator Milo Yiannopoulos says he plans to hold a rally at the University of California, Berkeley after a student group who planned a week of events with him pulled out.

    Right-wing commentator Milo Yiannopoulos says he plans to hold a rally at the University of California, Berkeley after a student group who planned a week of events with him pulled out.

Powered by Frankly