*XO Communications Confirms the Company's Previously Announced Second Quarter Revenue and EBITDA Guidance
RESTON, Va.--(BUSINESS WIRE)--June 20, 2001--XO Communications, Inc. (Nasdaq:XOXO - news), one of the world's fastest growing providers of broadband communications services, today confirmed previously announced guidance for the company's second quarter 2001 revenue and EBITDA (operating loss adjusted for stock-based compensation, depreciation, and amortization.) estimates.
XO expects that revenue will fall in line with previously announced financial guidance of $300 to 310 million for the second quarter of 2001. The company also confirmed its second quarter EBITDA guidance that it would incur a $65 to 75 million EBITDA loss.
About XO Communications
XO Communications is one of the world's leading providers of broadband communications services offering a complete set of communications services, including: local and long distance voice, Internet access, Virtual Private Networking (VPN), Ethernet, Wavelength, 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 62 markets throughout the United States The Company is also one of North America's largest holders of fixed broadband wireless spectrum, with licenses covering 95 percent of the population of the 30 largest U.S. cities.
The statements contained in this release that are not historical facts are ``forward-looking statements'' (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements include those describing XO Communication's expectations regarding operating results for the second quarter of 2001.
Management wishes to caution the reader that these forward-looking statements are only predictions and are subject to risks and uncertainties and actual results may differ materially from those indicated in the forward-looking statements as a result of a number of factors.
These factors include, but are not limited to, those risks and uncertainties described from time to time in the reports filed by XO Communications with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000 and in its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2001.
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