FiberNet announces new NYC colocation facility

MARCH 6, 2007 -- FiberNet Telecom Group Inc., which provides complex interconnection services, has announced its plans to develop a new colocation facility at 60 Hudson Street in New York City. Resulting from the growing demand for its colocation and transport services, this 11,000-sq.-ft expansion will increase the size of FiberNet's presence at 60 Hudson Street by more than 36% and its total colocation and data center footprint by approximately 12%.

The company reports that the new facility will be fully integrated with all of its other colocation facilities and data centers via its metropolitan optical networks and will deliver its full suite of transport and interconnection services.

The facility is expected to be fully operational in the third quarter of this year. The lease extends through 2022. FiberNet says it intends to fund the development of this facility with existing cash and internally generated cash flows and will provide additional information with the release of its fourth quarter results this month.

Serving as an international hub for telecommunications carriers and global service providers, 60 Hudson Street is one of the preeminent carrier hotels in the world. Domestic and international carriers utilize this key communications facility to house their networking equipment and to exchange voice, video, and data traffic. They have access to hundreds of networks by utilizing FiberNet's transport services, including metro Ethernet transport, dynamic hub and dynamic gateway conversions and cross-connect services, as well as its Phonomenum voice-over-IP peering services.

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