SOURCE: Nextlink Wireless, Inc.

April 16, 2008 17:56 ET

FCC Approves Nextlink's Substantial Service Showings in 30 Markets

HERNDON, VA--(Marketwire - April 16, 2008) - Nextlink Wireless, Inc. today announced that the Federal Communications Commission (FCC) has accepted Nextlink's demonstrations of substantial service in 30 of its Local Multipoint Distribution Service (LMDS) licensed markets. Earlier this week, Nextlink also announced that the FCC granted Nextlink's request for extensions of time on its substantial service showings until June 1, 2012 in 48 additional licensed markets.

"We are very pleased to receive this notification and we thank the FCC for their timely consideration of our requests," said Robert Beran, president and CEO of Nextlink. "This is the first time that any LMDS owner has demonstrated substantial service in this spectrum band. The FCC's approval creates a path for renewal of our licenses and eliminates uncertainty in the marketplace around these valuable assets."

About Nextlink

Nextlink, a subsidiary of XO Holdings, Inc. (OTCBB: XOHO), provides alternative access, backhaul and diverse network solutions and services for the carrier, business and government markets. As one of the nation's largest holders of fixed wireless spectrum, Nextlink delivers high-quality, carrier-grade broadband wireless solutions that scale to meet the demands of today's converged world of communications -- supporting next-generation mobile and wireline voice, data and video applications. For more information, visit www.nextlink.com.

Cautionary Language Concerning Forward-Looking Statements

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) that involve risks and uncertainties. These statements include those describing the likelihood of obtaining FCC approval. Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and/or achievements of Nextlink and XO Holdings, Inc. may differ materially from the future results, performance, and/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, without limitation, our ability to generate sufficient capital or to obtain additional financing on terms favorable to the company or at all. Other factors to consider also include the risk factors described from time to time in the reports filed by XO Holdings, Inc. with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007 and its quarterly reports on Form 10-Q. XO Holdings, Inc. undertakes no obligation to update any forward-looking statements, except as otherwise required by law.

Contact Information

  • Media Contact:
    John Grady
    Nextlink
    T: 703-547-2462
    E: Email Contact