XO Realigns Structure

RESTON, Va. -- In order to drive greater agility in the execution of its growth strategy, XO Communications today announced the formation of two new business units, XO Business Services and XO Carrier Services, each of which will be led by its own president. The creation of lines of business strengthens the company's focus around specific customer segments and highlights the company's unique competitive advantages in serving business and wholesale customers as the telecommunications industry consolidates.

"The new lines of business structure aligns our company in a way that will enhance our customer focus, decision-making and speed of execution, as well as help us continue to deliver advanced voice, data and IP solutions over XO's unrivaled network assets and reach," said Carl Grivner, CEO of XO Communications. "By bringing together product, sales and service delivery operations under each business unit, we will be better able to address the changing needs of our customers. This results in a new era of opportunity for XO to provide greater value to our customers. In addition, as the industry continues to consolidate, this structure will highlight XO's unique strengths and position as the leading alternative communications provider to the regional Bell telephone companies for both businesses and carrier customers."

XO Communications Inc.

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