The story
Xfone was originally founded in 2000 in the United Kingdom by Guy Nissensohn, who previously served as Marketing Director at RADA Electronic Industries. The dispute with Rada: Guy Nissenson's libel suit was rejected against CEO Herzl Bodinger, and Abraham Keinan, on the basis of a small communications infrastructure company called Swiftnet, which was founded in London on June 3, 2004, 1990, by Kenan, Nissensohn invested US$100,000 in the company, and together with Keinan began to expand its activity Guy Nissensohn served as CEO and Avraham Keinan as chairman. In 2002 it on listed on AMEX without raising money, and in 2004 raised 3 ml ($15 million). In 2005 the company raised $4.2 million at a company value of $30 million, and in 2004 it started communications activity in the United States, which includes the provision of domestic and international communications services,
In July 2004, Xfone Israel received a license from the Ministry of Communications for international telephony services.
In July 2006, Xfone International shares were listed for trading on the Tel Aviv Stock Exchange. At the time, Xfone comprised a number of companies, including Swiftnet Limited, a British company providing local and international telecommunications services and value added services, and Xfone USA, Inc., an American company providing local and international telecommunications services. In August 2007, it acquired NTS Communications from Dallas, Texas, which provides integrated solutions, voice, video and data, for $42 million. This acquisition more than doubled the company's operations in the United States and Xfone has started operating in the United States under the brand name of NTS and not Xfone USA.
In 2010, the businessman Hezi Bezalel purchased the Xfone Israel company. At the same time, Xfone International was disbanded when Avraham Kenan sold his shares to Guy Nissensohn and continued to buy back the activity in the United Kingdom. At the end of 2013, the activity in the United States was sold to a US investment fund at a company value of $83 million.
In June 2021, Xfone announced that it would be sold to the Reichman family for ILS 330 million and become a fully virtual network operator. According to Xfone, the sale was a result of a legal battle with competitor Cellcom.
From Wikipedia’s article on Xfone, shared under CC BY-SA 4.0.4