9/25/00
CEO Confirms XO will Meet or Exceed 3Q Earnings Expectations
XO COMMUNICATIONS (FORMERLY NEXTLINK) CHAIRMAN AND CEO DAN AKERSON CONFIRMS THE COMPANY WILL MEET OR EXCEED AVERAGE OF WALL STREET ANALYSTS’ EXPECTATIONS
NEW YORK CITY, NY - Daniel F. Akerson, Chairman and Chief Executive Officer of XO Communications, Inc (Nasdaq:XOXO), formerly known as Nextlink Communications (Nasdaq:NXLK), told financial analysts today that he is comfortable that XO will meet or exceed the average of Wall Street analysts’ estimates of the company’s operating results for the third quarter 2000.
Akerson was hosting a meeting of top Wall Street telecommunications analysts to introduce the company’s new, industry-shaking flat rate service packages called XOptions for local, long distance, Internet Access and Web Hosting. Additionally, Akerson announced that the company would be rebranded XO Communications, Inc., replacing the NEXTLINK and Concentric Network brand names.
XO Communications is one of the world’s leading providers of broadband communications services offering local and long distance voice communication services, Digital Subscriber Line (DSL) access, Web hosting and e-commerce service, Virtual Private Networks (VPNs), dedicated access, global transit and application infrastructure services for delivering applications over the Internet or a VPN.
XO has assembled an unrivaled set of facilities-based broadband networks and Tier One peering relationships that, when complete, will serve much of the United States, Canada and Europe. In the United States, XO has more than 430,000 metro fiber miles in operation and a 384,000 fiber-mile inter-city network under construction. The Company is also North America’s largest holder of fixed broadband wireless spectrum, with licenses covering 95 percent of the population of the 30 largest U.S. cities and a partnership with licenses covering all of the top cities in Canada. XO has also agreed in principle to acquire more than 80,000 metro fiber miles in Europe to serve the London, Frankfurt, Brussels, Amsterdam and Paris markets and an 88,000 fiber-mile pan-European fiber network connecting 21 major European cities and transatlantic capacity that will eventually expand to 10 Gbps.
For more information contact:
Todd Wolfenbarger / XO Communications
Media and Industry Analysts
703-547-2011 or 703-675-3496
Lisa Miles / XO Communications
Financial Analysts
703-547-2440
