XFONE Expects 30% Increase in Fourth Quarter Fiber Revenues
18 January 2012 - 12:30AM
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.
About XFONE, Inc.
Xfone is a provider of high speed broadband services,
including Internet access, digital cable TV programming and
local and long distance telephone service to residential and
business customers in northern Texas and southeastern Louisiana.
Xfone's Fiber-To-The-Premise (FTTP) network provides one of the
fastest internet connections available. The Company currently has
operations in Texas, Mississippi and Louisiana and also serves
customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma.
For the company's website, please visit: www.xfone.com.
This press release contains forward-looking statements. The
words or phrases "would be," "will allow," "intends to," "will
likely result," "are expected to," "will continue," "anticipate"
"estimate," "project," or similar expressions are intended to
identify "forward-looking statements." XFONE's financial and
operational results reflected above should not be construed by any
means as representative of the current or future value of its
common stock. All information set forth in this news release,
except historical and factual information, represents
forward-looking statements. This includes all statements about the
Company's plans, beliefs, estimates and expectations. These
statements are based on current estimates and projections, which
involve certain risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. These risks and uncertainties include issues related
to: rapidly changing technology and evolving standards in the
industries in which the Company and its subsidiaries operate; the
ability to obtain sufficient funding to continue operations,
maintain adequate cash flow, profitably exploit new business,
license and sign new agreements; the unpredictable nature of
consumer preferences; and other factors set forth in the Company's
most recently filed annual report and registration statement.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's analysis
only as of the date hereof. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof. Readers should
carefully review the risks and uncertainties described in other
documents that the Company files from time to time with the U.S.
Securities and Exchange Commission.
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