XO Holdings Reports Strong Financial Results for 2006
- 5% Growth in Core Services Revenue and 16% Growth in Data and IP Services Revenue
March 16, 2007 4:37 PM ET
- Strong Demand for Inter-City Network Transport Services - Signed New Wholesale Transport Business with 89 Carrier, Content and Internet - Centric Companies
- Aligned Company into Customer-Focused Operating Units to Drive Growth
- Continuing Significant Investments in Nationwide Inter-City and IP Networks
RESTON, Va., March 16 /PRNewswire-FirstCall/ -- XO Holdings, Inc. (OTC Bulletin Board: XOHO.OB) today reported its fourth quarter and full year 2006 financial and operational results. For the fourth quarter of 2006, XO Holdings (XOH) reported revenue of $355.3 million, $23.2 million of adjusted EBITDA(1) and a net loss of $31.1 million. For the year ended December 31, 2006, XOH reported $1.41 billion of revenue, $94.8 million of adjusted EBITDA and a net loss of $143.8 million allocable to common shareholders. XOH operates two business segments, XO Communications, LLC (XOC), its nationwide wireline telecommunications business, and Nextlink Wireless, Inc. (Nextlink), its wireless business.
"This was a strong and pivotal year for the company, setting the stage for a promising 2007," said Carl Grivner, XO Holdings' Chief Executive Officer. "For the full year, our core services revenue grew 5 percent and data and IP services revenue grew 16 percent year-over-year. This is the result of increased customer demand and improving industry dynamics. During the year, we aligned the company into three customer-focused operating units and lit our new inter-city network to drive revenue growth. As a result of our initiatives and network investment, the company is well-positioned to expand its share of the enterprise and carrier services markets, leveraging our unrivalled combination of metro, inter-city and wireless networks."
Continues:
news.moneycentral.msn.com |
