XFONE Announces Name Change to NTS, Inc.
31 1월 2012 - 10:25PM
Business Wire
XFONE, Inc. (NYSE Amex and TASE: XFN) (“XFONE” or “the
Company”) is pleased to announce that effective February 1, 2012 at
4:30 p.m. EST, the Company will change its name to “NTS, Inc.” and
the Company’s common shares will trade on the NYSE Amex and Tel
Aviv Stock Exchange under its new ticker symbol “NTS”. The name
change is a reflection of the Company’s refined and enhanced
business strategy which began with its acquisition of NTS
Communications in 2008 and is focused on the build out of its
high-speed, fiber to the premise (“FTTP”) network.
The shareholders of the Company approved the name change at the
annual meeting held December 29, 2011.
Mr. Guy Nissenson, Xfone’s President and CEO, commented, “With
our acquisition of NTS Communications in February 2008, we shifted
our Company focus to the roll out of our higher margin,
state-of-the-art FTTP network to communities in Texas and
Louisiana. With the divestiture of our U.K. and Israeli
subsidiaries, our business is now 100% U.S.- based and focused on
fiber growth. With the help of $100 million in federal stimulus
funding, to date we have systematically expanded or established our
FTTP network in the communities of Lubbock, Levelland, Smyer,
Wolfforth, Burkburnett, Littlefield, Brownfield, Whitharral and
Slaton, Texas. With the majority of our operations now under NTS
Communications, we thought it made sense to align the corporate
name and operations to further enhance our growing brand. ”
The name change will become effective on February 1, 2012, at
4:30 p.m. EST and all future business activity will be undertaken
using the new name.
About Xfone, Inc.
Xfone is a provider of high speed broadband services,
including Internet access, digital cable TV programming and
local and long distance telephone service to residential and
business customers in northern Texas and southeastern Louisiana.
Xfone's Fiber-To-The-Premise (FTTP) network provides one of the
fastest internet connections available. The Company currently has
operations in Texas, Mississippi and Louisiana and also serves
customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma.
For the Company's website, please visit: www.xfone.com.
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