NXTV: Next Level Shares Soaring on Hansol Deal - TheStreet

Shares of Next Level Communications (NXTV) were soaring today on news that it received an $80 million order from South Korea's Hansol Electronics.

Hansol, the major South Korean manufacturer and supplier of electronics equipment, has placed an initial order to purchase Next Level's ADSL (asymetric digital subscriber line) and VDSL (a very high-speed digital subscriber line) network systems, as well as 65,000 N3 Residential Gateways. The order is scheduled to begin in the fourth quarter of this year and will provide Hansol's customers with high-speed digital video, data and telephony services over conventional copper telephone lines.

Recently, shares of Next Level were up $9.50, or 16.6%, to $66.75.