XO Communications 2010 Annual Report Download - page 54

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Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
XO Holdings, Inc.:
We have audited the accompanying consolidated statements of operations, stockholders’ (deficit) equity,
and cash flows of XO Holdings, Inc., and subsidiaries for the year ended December 31, 2008. In connection
with our audit of the consolidated financial statements, we have also audited the consolidated financial
statement schedule of valuation and qualifying accounts for the year ended December 31, 2008. These
consolidated financial statements and the financial statement schedule are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements and the
financial statement schedule based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material
respects, the results of operations and cash flows of XO Holdings, Inc. and subsidiaries for the year ended
December 31, 2008, in conformity with U.S. generally accepted accounting principles. Also in our opinion,
the related financial statement schedule for the year ended December 31, 2008, when considered in relation to
the basic consolidated financial statements taken as a whole, presents fairly in all material respects, the
information set forth therein.
/s/ KPMG LLP
McLean, Virginia
March 16, 2009
50