Swisscom North America purchases services from FiberNet

October 16, 2002--FiberNet Telecom Group Inc. has executed an agreement with Swisscom North America to provide optical transport and colocation at its carrier hotel facilities, as well as services at The 60 Hudson Street Meet-Me-Room.

FiberNet Telecom Group Inc., provider of metropolitan optical connectivity, has executed an agreement with Swisscom North America, a subsidiary of Swisscom AG, the leading telecommunications company in Switzerland. Under the three-year agreement, FiberNet will provide Swisscom North America with optical transport and colocation at its carrier hotel facilities, as well as services at The 60 Hudson Street Meet-Me-Room.

"We are very pleased to have Swisscom, one of the leading global telecommunications carriers, as our customer," contends Michael S. Liss, FiberNet president and chief executive officer. "FiberNet is focused on enabling customers like Swisscom to expand their network services by utilizing our extensive metro connectivity and carrier hotel infrastructure in New York City."

For more information about FiberNet Telecom Group Inc. (New York City), visit the company's Web site at www.ftgx.com.

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