Nextlink is one of the first LMDS license holders to have its spectrum licenses renewed by the FCC. The FCC decision to renew the Nextlink LMDS licenses follows previously announced actions by the Commission providing Nextlink with LMDS license extensions and approval of certain substantial service filings.

"The renewal of these licenses is the final step in preserving Nextlink's primary assets -- our spectrum -- while building a business to deliver a wide array of wireless access and backhaul solutions," said Robert Beran, president and CEO of Nextlink.

The FCC's actions regarding license renewals and substantial service showings combined with the recent $780 million preferred stock issuance by XO Holdings, Inc., the parent company of Nextlink, furthers Nextlink's position as the industry's leading broadband wireless provider.

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Keywords: wireless access solutions, federal communications commission, robert beran, lmds licenses decision, license extensions, nextlink, substantial service, license renewals, multipoint distribution, otcbb, wireless provider, backhaul, stock issuance, LMDS