XO Communications (OTCBB: XOHO) has been recognized by Frost & Sullivan, a global market research and growth consulting firm, as the leading VoIP and SIP trunking services provider and capturing the largest market share among service providers by delivering superior customer satisfaction and value.
Frost & Sullivan has conferred on XO Communications the 2010 North American Competitive Strategy Leadership Award in the VoIP access and SIP trunking services market. In addition, Frost & Sullivan recently published a report naming XO Communications as the leading VoIP Access and SIP trunking provider in terms of enterprise VoIP end users.
XO Communications (OTCBB: XOHO) today announced the promotion of Barbara Polk to senior vice president of human resources, effective immediately. A seasoned professional, Polk brings more than 20 years of experience in human resources management and strategic consulting for both for-profit and non-profit organizations.
In her new role, Polk is responsible for leading the company
XO Communications (OTCBB: XOHO) today announced it is now offering Carrier Ethernet access to its extensive nationwide Ethernet infrastructure (reaching nearly four million buildings) via its new service connectivity with CENX, operator of the world
XO Communications (OTCBB: XOHO) today announced that it has expanded its carrier-grade broadband wireless coverage across the Washington, DC region with the deployment of a new wireless hub in the Tysons Corner area of Northern Virginia. The expansion gives businesses a robust alternative for high-speed network services and provides an ideal solution for companies in need of an additional level of network redundancy and business continuity.
XO Holdings, Inc. (OTCBB: XOHO) today announced its 2009 fourth quarter and full year financial and operational results, reporting yearover- year growth in adjusted EBITDA and net income. Total revenue for 2009 was $1.5 billion, an increase of $43.7 million, or 3.0%, compared to 2008. Adjusted EBITDA (a non-GAAP financial measure) increased 38.7% to $152.6 million for the full year 2009, compared to $110.0 million for 2008. Loss from operations for 2009 was $47.2 million, compared to $84.8 million in 2008. The company recognized a net income of $21.8 million in 2009, compared to a net loss of $75.3 million in 2008. Net income (loss) included net investment gains of $60.0 million and $19.2 million for 2009 and 2008, respectively.
Total revenue for the fourth quarter of 2009 was $375.8 million, an increase of $0.6 million, or 0.2%, compared to the same period last year. Adjusted EBITDA was $43.3 million in the fourth quarter of 2009, compared to $34.4 million in the same period last year. Loss from operations for the fourth quarter 2009 was $13.1 million, compared to $18.7 million in the fourth quarter of 2008. Net income for the fourth quarter 2009 was $13.3 million compared to $21.5 million for the year-ago period. Fourth quarter net income for 2009 and 2008 was impacted by $25.7 million and $30.5 million in net investment gains, respectively.
“In 2009, XO continued to deliver high quality broadband services to businesses and carriers throughout the United States and, as a result, we have seen strong revenue growth, particularly within our core services offerings,” said Carl Grivner, Chief Executive Officer of XO Holdings. “In the year ahead, we’ll continue to execute upon our business strategy and remain focused on advancing high-growth sectors of our business.”
Fourth Quarter and Full Year 2009 Financial Results ($ in millions) Continue reading →
XO Communications (OTCBB: XOHO) today announced the availability of 40 gigabits per second (Gbps) network services in all major metropolitan markets the company serves across the United States. The new capabilities are designed to meet growing demand for ultra high-bandwidth and low latency network connectivity by enterprise and wholesale customers.
Today, large enterprises and service providers are increasingly looking for more cost-effective, higher speed network connectivity options to manage larger volumes of network traffic and achieve ultra-low latency for applications running across their networks. Companies such as large financial institutions and financial trading firms require network connectivity at the fastest speeds possible in order to receive market data, analyze the data and then place an order in a matter of milliseconds. For wireless service providers, they will continue to need higher-bandwidth connections in order to cost-effectively manage the significant growth of mobile network traffic resulting from 3G and new 4G wireless data applications.
The new XO 40 Gbps network offerings provide the broadest nationwide availability and bring all the operational and performance benefits customers need in order to manage more bandwidth more cost-effectively. The new capabilities include:
* 40 Gbps Wavelength services: Allow customers to use a single 40 Gbps link for ultra high-bandwidth network connections between two locations and provides operational benefits of managing one link instead of purchasing multiple 10 Gbps links.
* 40 Gbps IP Transit services: Allow customers to aggregate large volumes of Internet traffic over a single connection and not have to manage multiple dedicated Internet access circuits.
Multi-location businesses can now simplify, streamline and achieve better cost savings for their networks with a new enterprise-class, multi-site SIP trunking solution unveiled today by XO Communications (OTCBB: XOHO). XO Enterprise SIP is a powerful communications solution that gives customers the flexibility and scalability to transform their distributed voice network architecture to a more centralized and cost-effective VoIP solution.