5/27/03
XO Communications Announces Management Change
Reston, VA - XO Communications, Inc. announced today that Nate Davis has decided to step down as President and Chief Operating Officer of the Company.
Mr. Davis joined this company in January 2000 and has been a leader in its transformation from a small carrier offering only voice telecommunications services with annual revenues of approximately $275 million into the nationwide provider of voice and data services that XO is today - with $1.2 billion in annual revenue and a broad and diversified product portfolio addressing the communications needs of business customers of all sizes. During XO's recently completed financial restructuring, Mr. Davis assumed the leadership position in restructuring the Company's operations to substantially reduce operating expenses while maintaining revenues and setting XO on the path for system and process integration to further enhance operating efficiencies.
Mr. Davis is stepping down to pursue other business interests. "I am confident I am leaving XO in good hands with its new CEO, Carl Grivner," said Nate Davis. "Carl will keep XO operationally focused allowing the Company to provide the innovative, high quality services and products that position the Company as a competitive force in the telecommunications industry."
About XO Communications
XO Communications is a leading broadband communications service provider offering a complete set of communications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, Web Hosting and Integrated voice and data services.
XO has assembled an unrivaled set of facilities-based broadband networks and Tier One Internet peering relationships in the United States. XO currently offers facilities-based broadband communications services in more than 60 markets throughout the United States.
For more information contact:
Dawnyielle Downes/ XO Communications
Media and Industry Analysts
703-547-2682 or 703-675-3450
XO Communications Investor Relations Department
Financial Analysts
877-444-2068
