The following is a press release from XO Communications:
HERNDON, VA – February 14, 2011- XO Communications (OTCBB: XOHO) today announced that it has been awarded a six-year contract with the expected potential revenue of $45 million to provide managed network services to United States Postal Service facilities under the Telecom Integrated Postal Network (TIPN) contract.
Under the terms of the multi-vendor agreement, XO Communications will provide managed network services, including design and engineering, onsite installation, router management, and managed MPLS IP-VPN services to more than 1,400 U.S. Postal Service facilities.
“We are very pleased to have been selected to help the Postal Service achieve its network performance and optimization goals,” said Dan Wagner, president of XO Business Services at XO Communications. “This agreement is a great testament to the high-quality managed solutions XO Communications provides over its extensive North American network.”
The U.S. Postal Service continues to face increased network traffic demands from the deployment of more bandwidth intensive, next-generation applications across its network. XO MPLS IP-VPN provides a secure, intelligent and managed network solution for federal agencies to connect operations, converge voice, video and data communications, and prioritize Internet, intranet, extranet, voice, video and mission-critical applications – all over a single, high performance application-aware IP network.