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Phase One encompassed the installation of fiber across a 30-mile distance between Lubbock and Levelland. Additionally, as part of Phase One, the Company will soon begin remodeling a building in downtown Levelland to serve as its Point of Presence (POP), sales office and retail store front in the market.
Xfone gained access to the FTTP network when it acquired NTS Communications, Inc. in February. Prior to the acquisition, NTS made significant investments developing the technology and infrastructure of the FTTP platform, which enables unique economies and allows the Company to provide a voice, data and cable “triple play” offering to its customers. The fiber offering is particularly efficient for business and residential customers because it provides higher bandwidth, increasing the speed with which information may be uploaded or downloaded.
Guy Nissenson, President and CEO of Xfone commented, “We have made significant progress in the buildout of our fiber network, achieving 15,000 passings in Lubbock, including in our estimation, approximately 60% of the economically viable business passings in the city. Our service capability includes the highest available bandwidth, operating at approximately 20 times the speed of DSL and we look forward to adding our first Levelland customers to our service network very shortly.”
“FTTP is a growth vehicle for our company, consistently achieving high gross margins. We are focused on maximizing the growth of our fiber network both in terms of customers served and our geographic reach.”
In the coming months, Xfone expects to complete the second phase of the FTTP buildout comprised of connecting fiber from the Company’s existing core fiber network in Lubbock to the intercity fiber route just completed. Following that, the Company will commence the third phase of the buildout, involving the construction of a distribution plant in Levelland.
About XFONE, Inc.
A U.S.-domiciled corporation, XFONE, Inc. is an international voice, video and data communications services provider with operations in the United States, United Kingdom, and Israel that offers a wide range of services, which include: local, long distance and international telephony services; video; prepaid and postpaid calling cards; cellular services; Internet services; messaging services (Email/Fax Broadcast, Email2Fax and Cyber-Number); and reselling opportunities. The Company serves customers worldwide. For the company's website, please visit: www.xfone.com
This press release contains forward-looking statements. The words or phrases "should," "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." The Company's financial results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this press release, except historical and factual information, represents forward-looking statements. This includes all statements about the company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, and license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
For More Information, Please Contact:
Niv KrikovChief Financial OfficerPhone: + 972.39254446 (Israel)E-mail: E-mail: firstname.lastname@example.org