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XO Reports First Quarter Losses

Despite strong growth in commercial and wholesale IP services, XO Holdings Inc. this week reported first quarter 2006 losses of $43.7 million.

XO Holdings operates XO Communications LLC, which runs the wireline business, and Nextlink Wireless Inc., the wireless division. The company posted $349.7 million in revenue and a net loss of $43.7 million.

The companys year-old XOptions Flex closed the quarter with 3,900 total new customers, generating $5.3 million in first quarter revenue as compared to $3.5 million in the fourth quarter of 2005. Meanwhile, expanded wholesale VoIP services generated $4.3 million in first quarter revenue as compared to $1.8 million in the fourth quarter of 2005.

Nextlink officially launched on April 24, 2006. The unit offers wireless backhaul, high-speed network access and network redundancy in six metropolitan markets.

Revenue from XO Communications totaled $349.6 million, compared to $361.5 million in the first quarter of 2005. Revenue from Nextlink was $.1 million in the first quarter of 2006 compared to no income, since the company did not exist, in the first quarter of 2005.

XO Holdings CEO Carl J. Grivner said the company was pleased with the success of its VoIP services and the Nextlink launch, adding, Operationally, we continued to make strides in reducing our costs and growing revenue from our core services and new strategic IP services.

XO Holdings Inc. www.xo.com

 


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