XO Communications, Inc. (XOXO)

[jmhollen]

XO Communications Announces Second Quarter Dividend

RESTON, Va.--(BUSINESS WIRE)--July 13, 2001--XO Communications, Inc. (Nasdaq:XOXO), one of the world's fastest growing providers of broadband communications services, announced today that it has declared a regular quarterly dividend on its 14 percent senior exchangeable redeemable preferred stock. The dividend is payable in stock at a rate of .035 preferred shares for each preferred share owned. The dividend is payable on August 1, 2001 to shareholders of record as of July 15, 2001.

CONTACT: XO Communications, Inc. Media and Industry Analysts: Todd Wolfenbarger, 703/547-2011 or 703/675-3496 or
Financial Analysts: Lisa Miles, 703/547-2440

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