NTS Acquires Customers and Cable Assets in Western Texas

XFONE, Inc. XFN announced a definitive agreement between its wholly-owned subsidiary, NTS Communications, Inc. and Reach Broadband, for the purchase of approximately 1,800 cable customers as well as equipment in Brownfield, Anton, Abernathy, Hale Center, Idalou, O'Donnell, Olton, and Tahoka, Texas. Guy Nissenson, President and CEO of Xfone, stated, “We are pleased to have the opportunity to provide our state of the art Fiber-To-The-Premise Triple Play service to customers in these new markets. We expect to provide these customers with excellent service and the opportunity, over time, to upgrade their subscription to include high speed Internet, Voice and enhanced Video.” The transaction is expected to close, pending various approvals, on December 1, 2011.