NTS, Inc., f/k/a Xfone, Inc. (NYSE Amex/TASE: NTS)
(“NTS” or “the Company”) announces that it has begun construction of its high speed Fiber-To-The-Premise (FTTP) Network in southern Louisiana. As the build out progresses, the fiber network will eventually include the communities of Hammond, Ponchatoula, Natalbany, Tickfaw, Independence and Amite, Louisiana, adding approximately 11,500 FTTP passings. A WiMAX service extension overlay will also bring advanced broadband services to towns in the St. Helena, Washington and Tangipahoa Parishes.
The Company’s southern Louisiana build out is funded by approximately $36.1 million in federal stimulus grants and loans.
Mr. Guy Nissenson, Chairman, President and CEO of NTS commented, “We are very excited to have construction underway on our fiber network in southern Louisiana. During the past year we have made excellent progress expanding the reach of our FTTP Network to underserved communities in Texas and we are pleased to have the opportunity to bring our high speed broadband voice, video and internet offerings to similar markets in Louisiana.”
In addition to breaking ground in Louisiana, NTS also announced that it has connected its first customers in Wilson, Texas and in Meadow, Texas. NTS’s ongoing fiber build out, when completed, is expected to reach 19 new communities in Texas and Louisiana, bringing the Company’s total FTTP passings to approximately 50,000. In addition to its presence in Wilson, NTS has established its FTTP network in the towns of Lubbock, Levelland, Smyer, Wolfforth, Littlefield, Burkburnett, Brownfield, Whitharral and Slaton, Texas.
Mr. Nissenson continued, “The rollout of our fiber network to new communities is proceeding on time and under budget and we are excited to have begun adding customers in our newest market, Wilson, Texas. As we bring our high speed triple play offering to new markets, we continue to see strong adoption rates as customers recognize the value and convenience of our high speed bandwidth. Consumers are increasingly reliant on the internet; both in residential and business applications, and the speed and accessibility of our network meets their expectations. We look forward to bringing advanced broadband to more customers in Wilson in the coming weeks.”