NTS optimistic despite net loss for 2011 - KCBD NewsChannel 11 Lubbock

NTS optimistic despite net loss for 2011

LUBBOCK, TX (KCBD) -

One of Lubbock biggest employers reported a net loss of 5 cents per share for 2011. NTS released a statement to investors on Friday, which included a several optimistic statements. 

The company's earnings before interest, taxes, depreciation, and amortization were up more than 24% for 2011. While income from its high-speed digital fiber network is up, sales related to traditional phone lines are down.

NTS now serves 9 Texas communities with FTTP or fiber to the premise. The number of FTTP customers is up more than 25 percent comparing 2011 with 2010, according to the company's written statement.

"With our fiber build out in full swing, this is a very exciting time for our Company and we remain confident about our execution capabilities in bringing state of the art broadband to new and existing markets," says Guy Nissenson, Chairman, President and CEO of NTS.

Copyright 2012 KCBD. All rights reserved.

 

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