RESTON, Va. -- XO Communications, Inc. (OTCBB:XOCM.OB), one of the nation's leading providers of broadband telecommunications services, today announced that it will begin the application process to list the company's common shares on the NASDAQ National Market. As part of the NASDAQ application and approval process, the company is required to meet certain eligibility criteria including meeting the Audit Committee membership standards as well as other qualitative and quantitative requirements. The company's stock has been trading in the over-the-counter market under the symbol XOCM.OB following XO's emergence from Chapter 11 on January 16, 2003.

"By beginning the process to list XO's shares on the NASDAQ, we move closer to achieving another milestone set out for the company," Carl Grivner, chief executive officer of XO Communications. "The listing of XO's common stock on the NASDAQ will enhance the company's liquidity, providing benefits to both XO and its shareholders. It will also enhance our ability to meet our stated goals of expanding our company by acquisitions through the use of both cash and stock."

XO Communications Inc.