| XO
Communications Names Brian Oliver as Executive Vice
President of Strategy and Corporate Development
[3rd June 2003]
RESTON, Va., Jun 3, 2003 (BUSINESS WIRE)
-- XO Communications, Inc. today announced that it has
appointed Brian Oliver as Executive Vice President of
Strategy and Corporate Development.
In this role, Mr. Oliver will manage
the company's strategic planning process and be responsible
for implementing corporate development activities such
as identifying, negotiating and closing acquisitions,
partnerships and other such relationships. In addition,
he will also oversee the technical development activities
associated with optimizing the value of XO's wealth
of LMDS spectrum.
"We are excited to have Brian as
part of our team," said Carl Grivner, XO Chief
Executive Officer. "His wealth of telecom experience,
strategic relationships and leadership skills will be
a tremendous asset to XO as we build upon our world-class
position in the industry."
Mr. Oliver's career in telecom spans
more than 20 years. Prior to joining XO, he was the
Founder, Chairman and CEO of Cambrian Communications,
a facilities-based metropolitan area network provider,
delivering end-to-end, all-optical network solutions
between New York and Washington, DC. Before forming
Cambrian, Mr. Oliver was the founder, President and
CEO of Wave International, Inc.
In his career, he also held various
senior positions at Bell Atlantic Corporation including
Vice President of Corporate Development and Vice President
of Federal Regulatory Relations. In addition, Mr. Oliver
has been a board member of and advisor for various privately
held telecom related companies.
"I am thrilled to be joining XO
at this time," said Brian Oliver. "XO's state-of-the-art
broadband network, distinctive service offerings and
customer base are significant differentiators for us.
When combined with our healthy balance sheet and strong
leadership team, we are well positioned to leverage
the changes currently underway throughout the industry."
About XO Communications
XO Communications is a leading broadband
communications service provider offering a complete
set of communications services, including: local and
long distance voice, Internet access, Virtual Private
Networking (VPN), Ethernet, Wavelength, Web Hosting
and Integrated voice and data services.
XO has assembled an unrivaled set of
facilities-based broadband networks and Tier One Internet
peering relationships in the United States. XO currently
offers facilities-based broadband communications services
in more than 60 markets throughout the United States.
The statements contained in this release
that are not historical facts are "forward-looking
statements" (as such term is defined in the Private
Securities Litigation Reform Act of 1995). These statements
include those describing the expected future operations.
Management wishes to caution the reader
that these forward-looking statements are only predictions
and are subject to risks and uncertainties and actual
results may differ materially from those indicated in
the forward-looking statements as a result of a number
of factors.
These factors include, but are not limited
to, those risks and uncertainties described from time
to time in the reports filed by XO Communications with
the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the year ended December
31, 2002 and in its Quarterly Report on Form 10-Q for
the quarter ended March 31, 2003.
XO, XO Not Just Talk and the XO design
logo are trademarks of XO Communications, Inc.
SOURCE: XO Communications, Inc.
XO Communications, Inc.
Media and Industry Analysts
Kara Palamaras, 703/547-2011
or
Financial Analysts
Noelle Beams, 703/547-2002
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