TMCnet News

Xfone subsidiary NTS acquires customers and cable assets in Texas from Reach Broadband
[September 26, 2011]

Xfone subsidiary NTS acquires customers and cable assets in Texas from Reach Broadband


Sep 26, 2011 (TELECOMWORLDWIRE via COMTEX) -- Xfone Inc (NYSE Amex:XFN) (TASE:XFN) said today that its subsidiary NTS Communications Inc has signed a definitive agreement to acquire cable customers and assets in western Texas from Reach Broadband.



Financial terms were not disclosed.

Under the agreement NTS will acquire approximately 1,800 cable customers as well as equipment in Brownfield, Anton, Abernathy, Hale Center, Idalou, O'Donnell, Olton and Tahoka, Texas. The company will offer Fiber-To-The-Premise (FTTP) Triple Play service to its new customers.


"We expect to provide these customers with excellent service and the opportunity, over time, to upgrade their subscription to include high speed Internet, voice and enhanced video," said Guy Nissenson, president and CEO of Xfone.

The deal remains subject to various approvals but is expected to be completed on 1 December 2011.

Comments on this story may be sent to [email protected]

[ Back To TMCnet.com's Homepage ]