Tag Archives: XO

XO expanding its international network to include European IP/MPLS IP-VPN nodes

XO Communications (OTCBB: XOHO) today announced that it is expanding its international network services capabilities to include European IP/MPLS IP-VPN nodes, plus access to 48 countries throughout Europe, Asia/Pacific, North America, and South America as well as the U.S. territories of Guam, Puerto Rico and the U.S. Virgin Islands. Once complete, the expansion will enable XO Communications to offer its enterprise and carrier customers Dedicated Internet Access, Ethernet, MPLS IP-VPN and Private Line services to more locations around the world.

By expanding its international services capabilities to better address the needs of its growing base of customers with both domestic and international operations, XO Communications can provide even broader global network coverage for a wide range of connectivity and wide area network solutions across the globe. In addition to Europe, XO Communication

XO Q2 2010

XO Holdings Reports Second Quarter 2010 Financial Results

XO Holdings, Inc. (OTCBB: XOHO) today announced its second quarter 2010 financial and operational results.Adjusted EBITDA was $40.5 million in the second quarter of 2010, an increase of $3.4 million compared to the year-ago period. Net loss in the second quarter of 2010 was $1.2 million, a decrease of 80% compared to the net loss of $6.0 million in the second quarter of 2009.

Total revenue for the second quarter of 2010 was $383.6 million, a decrease of $2.0 million, or 1%, compared to the year-ago period. This decrease primarily resulted from targeted price increases within XO’s wholesale long-distance services, which were implemented to improve margins on selected routes.

The company continues to closely monitor and react to the impact of macro-economic conditions on our industry and customers. “While we, like other wireline telecommunications services providers, continue to face short term challenges, we remain bullish on the long term potential for the company,” said Carl Grivner, chief executive officer of XO Communications.

Financial Results
($ in millions) Q2 2010 Q1 2010 Q2 2009
——– ——– ——–
Revenue $ 383.6 $ 369.5 $ 385.6
——– ——– ——–
Adjusted EBITDA (1) $ 40.5 $ 30.6 $ 37.1
——– ——– ——–
Adjusted EBITDA % (2) 11% 8% 10%
——– ——– ——–
Net Loss $ (1.2) $ (16.6) $ (6.0)
——– ——– ——–
Preferred Stock Accretion $ (17.7) $ (20.2) $ (19.9)
——– ——– ——–
Net Loss Allocable to Common Shareholders $ (18.9) $ (36.8) $ (25.9)
——– ——– ——–
Capital Expenditures $ 57.6 $ 64.2 $ 51.4
——– ——– ——–
(1) Adjusted EBITDA is a Non-GAAP financial measure. See the footnote
discussion accompanying the financial statements.
(2) Adjusted EBITDA % is adjusted EBITDA divided by revenue. See the
footnote discussion accompanying the financial statements.

Revenue
In the second quarter of 2010, XO’s Broadband offerings generated $220.0 million in revenue, an increase of $24.6 million, or 13%, from the year-ago period. This increase resulted from the continued growth in XO’s diverse broadband offerings, such as IP-VPN, IP Flex, Ethernet and Dedicated Internet Access services.
The revenue growth in XO’s Broadband services is partially offset by the year-over-year decrease in Integrated/Voice and Legacy TDM services. Revenue for Integrated/Voice Services during the second quarter of 2010 was $56.8 million, a decrease of $17.7 million, or 24%, compared to the year ago period. This category is inclusive of XO’s wholesale long distance offering, Carrier Long Distance Termination (CLDT), which declined $4.2 million compared to the year-ago period. This decline was the result of aforementioned targeted price increases implemented to improve margins on selected routes.

XO SIP Trunking Services Awarded by Frost & Sullivan

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 Promotes Barbara Polk to Senior Vice President of Human Resources

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