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NTS, Inc., f/k/a Xfone, Inc. (NYSE MKT/TASE: NTS) (“NTS” or “the Company”) announces results for the three and six months ended June 30, 2012.
Revenues from the Company’s Fiber-To-The-Premise (“FTTP”) business grew 48.4% to $4.5 million in the second quarter ended June 30, 2012, as compared to $3.0 million for the same prior year period. FTTP revenues represented 29.9% of consolidated revenues for the second quarter of 2012, as compared to 21.6% of consolidated revenues for the second quarter of 2011. Sequentially, FTTP revenues grew 10.8% in the second quarter of 2012 as compared to FTTP revenues of $4.1 million in the first quarter of 2012.
Consolidated revenues for the quarter ended June 30, 2012 were $15.1 million, a 7.0% increase compared to $14.1 million in the quarter ended June 30, 2011, mainly attributed to the growth of the Company’s FTTP business. Sequentially, consolidated revenues increased slightly from $14.9 million in the first quarter of 2012.
For the first six months of 2012, revenues from the Company’s FTTP business grew 43.4% to $8.6 million from $6.0 million in the first six months of 2011. Consolidated revenues for the six months ended June 30, 2012 were $30.0 million, an increase of 5.8% compared to consolidated revenues of $28.4 million for the six months ended June 30, 2011.
The Company’s total number of FTTP customers as of June 30, 2012 was 8,516 compared to 6,111 FTTP customers as of June 30, 2011, representing an increase of 39.4%.
Average Revenue Per User for all of the Company’s fiber markets is approximately $413 per month for business customers and approximately $100 per month for residential customers.
The construction of the NTS FTTP network has continued as scheduled. The FTTP network build out is financed by $99.9 million in funds from the Federal Broadband Stimulus Program, of which 45.9% is in the form of grants and 54.1% is in the form of low cost long-term loans.