XO Moves Its Marker

Bounced from Nasdaq, expects to begin trading on the NASD over the counter bulletin board

December 13, 2001

1 Min Read

RESTON, Va. -- XO Communications, Inc. today announced that is has requested to voluntarily delist its stock from the NASDAQ National Market and currently expects that it will begin trading on the NASD Over the Counter Bulletin Board on Monday, December 17 under the symbol (OTCBB:XOXO). Trading of XO stock on the NASDAQ National Market was halted by NASDAQ on November 29th following XO's announcement that its board had approved a preliminary agreement with Fortsmann Little and Telefonos de Mexico S.A. de C.V. in which each company would invest $400 million or a total of $800 million in exchange for new equity in XO. As described in that announcement and XO's filings with the Securities and Exchange Commission, the investment is conditioned upon XO successfully completing a restructuring of its existing balance sheet and receipt of regulatory approvals. XO Communications Inc.

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