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>>

  • breaking

    No end in sight: More than 3 weeks on and eruptions are fiercer than ever

    No end in sight: More than 3 weeks on and eruptions are fiercer than ever

    Friday, May 25 2018 10:28 PM EDT2018-05-26 02:28:12 GMT
    Rivers of lava flow toward the sea in lower Puna, where eruptions started May 3. (Image: USGS)Rivers of lava flow toward the sea in lower Puna, where eruptions started May 3. (Image: USGS)

    Ongoing eruptions in Kilauea's east rift zone are triggering ongoing concerns.

    Ongoing eruptions in Kilauea's east rift zone are triggering ongoing concerns.

  • Exit polls suggest Irish voters have repealed abortion ban

    Exit polls suggest Irish voters have repealed abortion ban

    Friday, May 25 2018 2:32 AM EDT2018-05-25 06:32:46 GMT
    Friday, May 25 2018 10:25 PM EDT2018-05-26 02:25:32 GMT
    (Clodagh Kilcoyne/PA via AP). Presiding officer Carmel McBride looks on as a woman casts her vote in the referendum on the 8th Amendment of the Irish Constitution, on Thursday May 24, 2018, a day early for the people that live off the coast of Donegal ...(Clodagh Kilcoyne/PA via AP). Presiding officer Carmel McBride looks on as a woman casts her vote in the referendum on the 8th Amendment of the Irish Constitution, on Thursday May 24, 2018, a day early for the people that live off the coast of Donegal ...

    Voters throughout Ireland have begun casting votes in a referendum that may lead to a loosening of the country's strict ban on most abortions.

    Voters throughout Ireland have begun casting votes in a referendum that may lead to a loosening of the country's strict ban on most abortions.

  • Trump balks at North Korea's rhetoric but it has used worse

    Trump balks at North Korea's rhetoric but it has used worse

    Friday, May 25 2018 2:22 AM EDT2018-05-25 06:22:51 GMT
    Friday, May 25 2018 10:24 PM EDT2018-05-26 02:24:37 GMT
    A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. (Source: CNN)

    North Korea language was milder than its typical inflammatory, harsh rhetoric but enough for Trump to kill summit.

    North Korea language was milder than its typical inflammatory, harsh rhetoric but enough for Trump to kill summit.

Powered by Frankly