XO Holdings (news, filings) has turned its attention overseas again, announcing today their intention to expand the company's international services to include IP/MPLS IP-VPN nodes in Europe as well as access throughout Europe, Asia/Pacific, both Americas, and various US territories. XO has been traditionally quite US focused, but this move is another step in a steady plan by XO to increase it's international presence. Back in 2009 XO added capacity on on PC-1 to increase their presence in Japan. Then in 2010, they started up an international customer referral program. This new effort though is obviously a bit bigger, in that it probably involves a partnership with one of the big carrier IP/MPLS networks out there although I don't know which one.
At least, it doesn't seem likely they are actually building out substantial network as part of this effort, given that capex hasn't surged and the company continues to state the need to raise capital in order to follow its expansion plans. Rumors continue to percolate about Icahn's intentions and possible bids for the company, but that is to be expected since Icahn's $0.70 offer remains on the table and unresponded to - at least officially - after four months. The rumors haven't changed lately though.