Hyperion Communications (Coudersport, PA) and Northeast Optic Network Inc. (NEON--Waltham, MA) entered into a binding memorandum of understanding that will allow Hyperion to provide fiber-optic communications to most businesses throughout New England. The arrangement will include usage of NEON`s long-haul fiber-optic routes, intercity facilities, and metropolitan systems in White Plains, NY, Connecticut, Rhode Island, Massachusetts, New Hampshire, and southern Maine. The contract represents approximately $14 million of revenue to NEON over its 20-year term.