RESTON, Va.—In light of the expiration of its credit facility yesterday, XO Communications Inc. said it is still in negotiations with both Forstmann Little & Co., Telefonos de Mexico S.A. de C.V. and Carl Icahn.XO said that under the forbearance agreement with Forstmann Little...
RESTON, Va.—XO Communications Inc. said it reached a definitive agreement with Forstmann Little & Co. and Telefonos de Mexico S.A. de C.V. on the terms of their previously announced plan to invest $400 million each in XO in exchange for equity in the new...
BALA CYNWYD, Pennsylvania, United States—The law offices of Marc Henzel and Cauley Geller Bowman & Coates filed class action lawsuits in the U.S. District Court for the Eastern District of Virginia on behalf of purchasers of XO Communications common stock.The complaint alleges, among other...
BALA CYNWYD, Pa.—The law offices of Marc Henzel in Bala Cynwyd, Pa., and Cauley Geller Bowman & Coates L.L.P. in Little Rock, Ark., joined several other firms in filing class action lawsuits in the U.S. District Court for the Eastern District of Virginia on...
RESTON, Va.—XO Communications Inc. 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 Dec. 17 under the symbol XOXO.NASDAQ halted trading of XO on Nov....
PHILADELPHIA—XO Communications Inc. announced it is fighting bankruptcy by accepting an $800 million investment that will put Mexican telecommunications company Telefonos de Mexico SA de DV and buyout firm Forstmann Little at its reigns.XO said if the restructuring is completed it will erase about...
RESTON, Va.—XO Communications Inc. reported revenues for the third quarter ended Sept. 30 of $331.5 million, a 48-percent increase from the $224.3 million reported for third-quarter 2000.The company experienced a loss before interest, taxes, depreciation and amortization of $53.3 million, compared with a loss...
Editor's note: In 2000, RCR Wireless News founded the Wireless Hall of Fame to honor those individuals who have made significant contributions to the wireless industry. Following is a look at each of the inductees:
WASHINGTON-Congress last week was set to pass a new budget that embraces President Bush's plan to delay two auctions of valuable radio spectrum but rejects an administration proposal to impose fees on TV broadcasters in order to encourage the clearing of frequencies sought by...
A ray of hope illuminated the increasingly dark local multipoint distribution service sector last week when XO Communications Inc. announced in conjunction with its first-quarter financial results that it secured $250 million in much-needed funding, but the broadband provider also said it will be...
For faltering fixed wireless carriers, April proved every bit as cruel as T.S. Eliot decried in The Waste Land. Eliot, it turns out, was as much a prophet as he was a poet. Local telecom competition is quickly becoming a vast dumping ground.Teligent Inc.,...
One local multipoint distribution service wireless broadband carrier folded under the financial burden of the stock market last week, and now the futures of several others hang in the balance, potentially impacting the stability of an entire industry that just a year ago was...
It was the wild, wild West of wireless history.After the breakup of AT&T, in which the company lost its cellular business, the Federal Communications Commission began allocating cellular licenses to the Baby Bells and others. One of those others was McCaw Cellular Communications Inc.,...
To know what the broadband industry is going to do tomorrow, just look at what the cellular industry is doing today.Year after year, several key cellular carriers and vendors have systematically acquired or merged with competitors to form vast corporations offering diverse product and...
WASHINGTON-Despite uneven progress of fixed wireless broadband carriers in recent years, the ability of newcomers to the local market-small and large alike-to offer voice, data, video and Internet services competitively hinges on key policy decisions confronting regulators, the courts and the Bush administration.2001 will...
RESTON, Va.- XO Communications Inc. reported revenues for the fourth quarter ended Dec. 31 of $253.1 million, a 181-percent increase from the $90.02 million reported for fourth-quarter 1999. The company also reported year-end 2000 revenues of $723.8 million.XO said $112.9 million of the total...
Wireless broadband service provider Nextlink Communications Inc. ushered in a new look and feel for the company last week, announcing it changed its name to XO Communications and now will offer inclusive flat-rate service packages."This industry has made it much too difficult for business...
