AboveNet Acquires Metro Fiber from AT&T and Verizon
Fiber Access Facilities Expanded in Los Angeles, Chicago, New York, Washington/Baltimore and Philadelphia
NEW YORK, April 4 -- AboveNet, Inc., a provider of fiber based connectivity solutions for businesses and carriers, today announced the acquisition of IRUs in, or service agreements for, 60 building access fiber connections held by AT&T in Los Angeles and Chicago as well as 180 building access fiber connections held by Verizon in New York, Washington/Baltimore and Philadelphia. AboveNet acquired these assets in competitive bid processes that AT&T and Verizon separately conducted to divest certain assets pursuant to Consent Decrees with the U.S. Department of Justice entered into in connection with the merger of SBC and AT&T, and Verizon and MCI, respectively.
"The addition of these buildings to our already robust network in these markets enables us to further expand our reach to key business locations in metro areas and meet the growing demand of our enterprise customers as well as offer them a secure, reliable, and diverse backbone network to connect," noted AboveNet's President and CEO Bill LaPerch. Prior to these transactions, AboveNet, a leading provider of metro fiber networks in the United States, had more than 1,100 optically connected buildings on its network in 14 U.S. metro markets.
The services currently provided to AT&T's and Verizon's existing customers will not be affected by these transactions.
About AboveNet Communications, Inc.:
AboveNet, Inc. provides fiber connectivity solutions for businesses and carriers. Its private optical network delivers key network and IP services in and between 14 top U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government. For more information, visit www.above.net/
Source: AboveNet, Inc.
CONTACT:
Michael Brown,
Vice President, Marketing of AboveNet, Inc.,
+1-212-803-5016,
mbrown@above.net
Web site: www.above.net/
