ORIONS Money Stocks

[matt24d]

Here is what NTS's CEO said about this Q.


XFONE Expects 30% Increase in Fourth Quarter Fiber Revenues

LUBBOCK, Texas, Jan 17, 2012 (BUSINESS WIRE) -- XFONE, Inc. (nyse amex and tase:XFN) ("XFONE" or "the Company") announced preliminary, unaudited sales results from its Fiber-To-The-Premise (FTTP) business for the fourth quarter ended December 31, 2011.

Xfone anticipates reporting FTTP revenue of approximately $3.63 million for the three months ended December 31, 2011; a 30% increase compared to the three months ended December 31, 2010.

The company's total number of FTTP customers as of December 31, 2011 was 7,267 compared to 5,777 FTTP customers as of December 31, 2010 with sequential growth of 10% from 6,620 FTTP customers as of September 30, 2011.

Xfone plans to release a full report of fourth quarter and year end results during March 2012.

Mr. Guy Nissenson, Xfone's President and CEO, commented, "The build out of our high margin fiber network has progressed on time, below budget and with consistently solid acceptance rates as we enter new markets. During the past 6 months we've established our FTTP network in Littlefield, Burkburnett, Brownfield and Whitharral, Texas providing customers in those communities access to voice, video and internet services using high speed broadband. As we move forward with the fiber rollout, revenues from our FTTP business are contributing a larger percentage to overall revenues, at a higher margin than our legacy business. I look forward to providing our shareholders with a full report on our fourth quarter and year end results in March."

Xfone's ongoing fiber build out, when completed, is expected to reach 19 new communities bringing the total FTTP passings to approximately 50,000. The Company is funding the expansion of the fiber network using approximately $100 million in federal stimulus funding.