We would like to highlight XO Holdings, Inc. (OTCBB: XOHO). The company is a facilities-based telecommunications services provider that delivers an array of telecommunications solutions to growing businesses, large enterprises, government customers, emerging and established telecommunications carriers. The Company operates its business in two segments through two primary operating subsidiaries: XO Communications, LLC (XOC), which operates its wireline business under the trade name XO Communications, and Nextlink Wireless, Inc. (Nextlink), which operates the Company's wireless business.
In the company’s recent news,
XO Communications, a subsidiary of XO Holdings, Inc. has signed a three-year agreement with the Utah Education Network, a not-for-profit consortium of higher and public education, libraries, state government and businesses. Based on the agreement, XO will provide high-speed dedicated Internet access and metro private line services to the education network which will enhance their existing IT services for educators and students statewide.
According to the agreement, the Utah Education Network will purchase high-capacity network access services that include XO High-Speed Dedicated Internet Access and will use the XO network services to provide a high-speed, statewide data network for K-12 schools, colleges and libraries. This new service will be a benefit to the Utah Education Network because it will enable them to provide free professional development workshops for educators; high school and college courses via live interactive video conferencing; and learning resources for everyone from pre-school children to senior citizens.
In regards to the new agreement, Michael Petersen, Executive Director for the Utah Education Network stated, “Utah Education Network selected XO Communications based on a competitive bid process involving nine telecom and Internet service providers to increase Internet and WAN backbone capacity for our customers. The Utah Education Network mission is to deliver educational services that improve the quality of student achievement and communication among educators, and XO Communications will enable that as we continue to expand on our resources.”
Commenting on behalf of XO Communications, Shawn Adamson, general manager of the Salt Lake City office also stated, “XO Communications is committed to providing the most advanced Ethernet services to support the Utah Education Network’s statewide data network for students and educators. XO Ethernet Services will serve as the backbone for the Utah Education Network as it continues to facilitate innovative learning techniques.”
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Forward-Looking Statement:
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