Thursday, March 15, 2007

XO Notes 5% Growth in CoreRevenue and 16% Growth in Data/IP

XO Holdings reported Q4 revenue of $355.3 million, $23.2 million of adjusted EBITDA and a net loss of $31.1 million. For the year ended December 31, 2006, XOH reported $1.41 billion of revenue, $94.8 million of adjusted EBITDA and a net loss of $143.8 million allocable to common shareholders. XOH operates two business segments, XO Communications, (XOC), its nationwide wireline telecommunications business, and Nextlink Wireless, Inc. (Nextlink), its wireless business.

"This was a strong and pivotal year for the company, setting the stage for a promising 2007," said Carl Grivner, XO Holdings' Chief Executive Officer. "For the full year, our core services revenue grew 5 percent and data and IP services revenue grew 16 percent year-over-year. This is the result of increased customer demand and improving industry dynamics. During the year, we aligned the company into three customer-focused operating units and lit our new inter-city network to drive revenue growth. As a result of our initiatives and network investment, the company is well-positioned to expand its share of the enterprise and carrier services markets, leveraging our unrivalled combination of metro, inter-city and wireless networks."

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