AboveNet acquires fiber from AT&T and Verizon

APRIL 4, 2007 -- AboveNet Inc. says it has acquired 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.

APRIL 4, 2007 -- AboveNet Inc. (search for AboveNet) says it has acquired IRUs in, or service agreements for, 60 building access fiber connections held by AT&T (search for AT&T) in Los Angeles and Chicago as well as 180 building access fiber connections held by Verizon (search for 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 issued by the U.S. Department of Justice 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 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, the company states.

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