NTS Communications buys back NIS 1.34 million of series A bonds

By Marisa Wong

Madison, Wis., July 5 - NTS, Inc.'s wholly owned subsidiary, NTS Communications, Inc., purchased NIS 1,339,310 of series A bonds in a single off-market transaction on July 4. The bonds were purchased for NIS 1,091,537.65, according to an 8-K filing with the Securities and Exchange Commission.

The company announced in February that it planned to repurchase up to NIS 5 million its series A bonds, which are traded on the Tel Aviv Stock Exchange. The bonds may be purchased in on- or off-market transactions until Dec. 31.

The Lubbock, Texas-based company said that any bonds purchased by a subsidiary will not be canceled or removed from trading on the Tel Aviv Stock Exchange.

NTS, formerly known as Xfone, is an integrated communications services provider with operations in the United States, the United Kingdom and Israel.

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