February 28, 2002 -- XO Communications, Inc. (OTCBB:XOXO) announced that it has completed the sale of its European Internet Service Provider (ISP) business.

Terms of the transaction were not disclosed, but were consistent with the assumptions used in determining the restructuring charges relating to the decision by XO to exit its European operations. The restructuring charges were described in XO's quarterly results press release and accompanying attachments for the fourth quarter of 2001 issued on February 14, 2002.

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