The length and value of the contract were not disclosed in a prepared statement from XO.
The contract calls for XO to provide local and long-distance telephone calls and handle the chain's online site, PlanetHollywood.com. Planet Hollywood estimates it will be able to reduce online expenses by 44% and other telecommunication expenses by 50%.
"We looked at the traditional players in the data and voice communications industry and found each falling short of our need for simplicity, high-service levels and real cost savings," Tina Samson, Planet Hollywood's senior vice president/finance, says in the statement.
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