FiberNet provides 10-Gbit/sec wavelength services to FLAG Telecom Network in New York City

13 May 2003 New York, NY Lightwave--FiberNet Telecom Group, a provider of metropolitan connectivity, announced today it signed a fifteen-year agreement with FLAG Telecom Network USA Limited for transport services within the New York City metropolitan area.

13 May 2003 New York, NY Lightwave--FiberNet Telecom Group, a provider of metropolitan connectivity, announced today it signed a fifteen-year agreement with FLAG Telecom Network USA Ltd. for transport services within the New York City metropolitan area. Included in these services are multiple 10-Gbit/sec metro wavelengths interconnecting four carrier hotel locations in New York and New Jersey. A 10-Gbit/sec wavelength represents the highest capacity of bandwidth commercially available today for a carrier to transport its traffic.

FiberNet completed its deployment of this multi-node, optical network for FLAG in just 44 days. To do so, FiberNet provisioned a new backbone ring on its own metropolitan optical networks and turned up a new point of presence, in an additional carrier hotel. In addition to these wavelength services, FLAG will also utilize FiberNet's in-building network infrastructure for distribution within these carrier facilities to exchange traffic with other carriers.

FLAG Telecom (Hamilton, Bermuda), along with its group companies, is a global network services provider and independent carriers' carrier providing a range of products and services across an international network platform designed to support the next generation of IP over optical data networks.

"We value FLAG's confidence in choosing FiberNet for this critical metropolitan transport project," said Joe Leuci, senior vice president, sales and marketing, FiberNet. "Utilizing us for such high capacity connectivity over an extended period of time exemplifies our success in establishing FiberNet as a leading provider of network services in the New York market."

FiberNet deploys, owns and operates fiber-optic networks designed to provide broadband connectivity to other telecommunications service providers. FiberNet's primary business is to provide optical and electrical broadband circuits within and between carrier hotels, which are industrial buildings where service providers house their communications equipment to exchange and route communications traffic. The company's networks support multiple domestic and international transmission protocols including SONET/SDH, Ethernet, and Internet Protocol, and can deliver broadband connections with bandwidth ranging from 1.5 Mbits/sec to 10 Gbits/sec, as well as optical wavelengths. FiberNet currently operates primarily in the two gateway markets of New York and Los Angeles, focusing its services in the local loop of major metropolitan areas.

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