XFONE's (AMEX: XFS) NTS Communications subsidiary is bolstering its customer footprint in Western Texas by completing its acquisition of 1,800 cable customers and equipment from regional operator Reach Broadband.
Under the terms of the agreement, which it says will complete in December following customary approvals, NTS will extend its presence in eight Texas markets including Brownfield, Anton, Abernathy, Hale Center, Idalou, O'Donnell, Olton, and Tahoka, Texas.
Guy Nissenson, President and CEO of XFONE, said that it plans to provide a triple play service set to these customers over its growing Fiber to the Premise (FTTP)-based network.
Expanding its presence by acquiring the assets of other regional cable operators and organic network initiatives has been an ongoing theme for XFONE. Earlier this year, the service provider acquired 2,400 new cable customers to its roster in Levelland, Littlefield, Morton, Slaton and Colorado City, Texas from CoBridge Telecom.
Complementing these acquisition efforts is its hybrid wireline/wireless PRIDE FTTP network that's being built with $54 million in loans and $45.9 million in grants from the United States Department of Agriculture's (USDA) Broadband Initiative Program. PRIDE will serve 19 communities in Texas in addition to multiple Louisiana communities in the St. Helena, Washington and Tangipahoa Parish area.
For more:
- see the release
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