UniTek Global Services Named Key Vendor for XFONE PRIDE Network Deployment
04 Janvier 2011 - 1:00PM
UniTek Global Services, Inc. ("UniTek" or the "Company")
(Nasdaq:UNTK) (Nasdaq:UNTKD), a premier provider of permanently
outsourced infrastructure services to the wireless and wireline
telecommunications, broadband cable and satellite television
industries, today announced that it has been selected by XFONE,
Inc. (NYSE Amex:XFN) as a key vendor for the initial construction
and fiber optic expansion of its "PRIDE" Fiber-To-The-Premise
(FTTP) network in Texas.
Xfone is a holding and managing company with operations in the
United States, the United Kingdom and Israel. The PRIDE network is
designed to bring next-generation broadband via FTTP infrastructure
with a WiMAX service-extension overlay to the Texas Plains and
Southern Louisiana. The first two phases of this construction will
bring service to 19 communities in Texas, with the third phase
extending coverage into southern Louisiana.
PRIDE Network was selected to receive an aggregate of $54
million in loans and $45.9 million in grants from the United States
Department of Agriculture's ("USDA") Broadband Initiative Program.
The agreement between UniTek and PRIDE is contingent upon PRIDE
meeting the terms of the loan, grant or loan/grant agreements with
the USDA.
"Our selection as the first vendor to join this project came
following a three-month review process by PRIDE Network," said C.
Scott Hisey, Chief Executive Officer of UniTek. "As a preferred
partner, UniTek was awarded a leading role in this build-out based
on our scalable resource platform as well as our experience and
industry-leading capabilities in the area of fiber network
construction. This project will ultimately bring critical broadband
infrastructure supporting voice, video and data services to 50,000
homes and businesses in West Texas and Louisiana. This network will
create new jobs and enhance the way in which the residents of this
region communicate with the rest of the world. One of our primary
goals is to accelerate our involvement in U.S. funded construction
projects, therefore we are pleased to be partnering with Xfone and
PRIDE on this important deployment."
About UniTek Global Services:
UniTek Global Services is a provider of engineering,
construction management and installation fulfillment services to
companies specializing in the telecommunications, broadband cable,
wireless and satellite industries. UniTek has created a scalable
operating platform, enabling each UniTek subsidiary to deliver
quality services to its Fortune 200 customers. UniTek, based in
Blue Bell, PA, utilizes a diverse workforce of over 5,200 deployed
in over 102 locations in the United States and Canada.
www.unitekgs.com
About Xfone, Inc.:
A U.S.-domiciled corporation, XFONE, Inc., through its
subsidiaries, offers local and long distance communications
services, which include voice, video and data over its
Fiber-To-The-Premise (FTTP) network. The Company currently has
operations in Texas, Mississippi and Louisiana. For the company's
website, please visit: www.xfone.com
Forward-Looking Statements
The Company may from time to time make written or oral
"Forward-looking statements," including statements contained in
this release and in the Company's filings with the Securities and
Exchange Commission. These forward-looking statements include
statements with respect to the Company's beliefs, plans,
objectives, goals, expectations, anticipations, estimates, and
intentions that are subject to significant risks and uncertainties
and are subject to change based on various factors, many of which
are beyond the Company's control. These risks and uncertainties
include the risk that the registration statement never becomes
effective and we are not able to conduct any offering of securities
in connections with the registration statement, as well as other
risk factors detailed from time to time in the Company's filings
with the Securities and Exchange Commission. The words "may,"
"could," "should," "would," "believe," "anticipate," "estimate,"
"expect," "intend," "plan," and similar expressions are intended to
identify forward-looking statements. All such statements are made
in good faith by the Company pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
The Company does not undertake to update any forward looking
statement, whether written or oral, which may be made from time to
time by or on behalf of the Company, except as may be required by
applicable law or regulations.
CONTACT: The Piacente Group, Inc.
Investor Relations
Brandi Floberg
Lee Roth
(212) 481-2050
unitek@tpg-ir.com
Unitek Global Services, Inc. (MM) (NASDAQ:UNTKD)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Unitek Global Services, Inc. (MM) (NASDAQ:UNTKD)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024