MFNX News - Metromedia Fiber Network Launches Intracity Optical Networks In The Washington, D.C., Chicago and Dallas Metropolitan Areas
High-Speed, High-Bandwidth Fiber Optic Networks Will Provide Dedicated, Private Infrastructure for Communications Carriers, Government Agencies and Enterprise Customers
NEW YORK--(BUSINESS WIRE)--Aug. 4, 1999-- Metromedia Fiber Network, Inc. (NASDAQ:MFNX - news) announced the recent launch of intracity dark fiber(a) networks in the metropolitan areas of Washington, D.C., Chicago and Dallas. With the launch of its networks in these three metropolitan areas, Metromedia Fiber Network now provides dark fiber infrastructure in New York, Philadelphia, Washington, DC, Chicago and Dallas, five of the United States' 15 largest cities. In addition, the company is currently constructing networks in six additional US metropolitan areas and in Canada and Europe.
''The launch of our Washington, D.C., Chicago and Dallas dark fiber networks marks another important milestone in Metromedia Fiber Network's strategy to become the preferred provider of broadband communications infrastructure in the critical last mile,'' said Howard Finkelstein, president of Metromedia Fiber Network. ''We are pleased with the launch of Washington and Chicago, two markets that were part of our original plan, as well as Dallas, a newer addition to our market strategy. We continue to make progress in our current markets while at the same time expanding our vision to new markets in the US and into the international arena with the announcement of our entry into Canada and the addition of a number of major European cities as well as the build-out of an intercity ring throughout Germany.''
The Washington, D.C. Network
Utilizing a ring-based architecture, Metromedia Fiber Network's dark fiber infrastructure passes major government, education and business centers in the nation's capital. In addition, the network extends to key business, finance and technology centers throughout the metropolitan area. To the North, the network includes the suburbs of Silver Spring, Chevy Chase, Rockville and Bethesda, Maryland. In the Southwest suburbs, the network includes McLean, Tyson's Corner, Reston, Herndon, Chantilly, Vienna and Arlington, Virginia.
Metromedia Fiber Network's operational infrastructure passes more than twenty Bell Atlantic tandem and central offices and five strategically located carrier hotels throughout the Washington, D.C. region. As a result of its recent landmark agreement with Bell Atlantic, Metromedia Fiber Network plans to provide direct dark fiber connections within many of these central offices for its carrier and Internet Service Provider customers.
The Chicago Network
In Chicago, Metromedia Fiber Network's infrastructure extends throughout the major downtown business districts and several of the key suburbs. In the city, the network covers the vital financial centers in the downtown Loop. Suburbs include the important communications centers of Oak Brook, Schaumburg and Hoffman Estates, Illinois. In addition, the company's operational network passes five carrier hotels in the Chicago region and more than fifteen of Ameritech's key tandem and central offices.
The Dallas Network
The Dallas network encompasses major business and high-tech sections of the city and several important suburbs. Metromedia Fiber Network's infrastructure extends throughout downtown Dallas and includes the important telecommunications corridor in Richardson as well as Addison to the North and the high-tech centers of Irving and Las Colinas to the West. The operational network passes ten strategically located central and tandem offices and three carrier hotels.
''The launch of these three new networks allow us to reach some of the nation's most highly visible technological, government, and financial organizations,'' added Finkelstein. ''These organizations will now be able to take advantage of the fixed cost, virtually unlimited bandwidth and completely private network solution that our dark fiber provides.''
About Metromedia Fiber Network
Metromedia Fiber Network is building metropolitan fiber optic infrastructure in the local loop in strategic Tier One markets, enabling technologically sophisticated organizations to implement the latest data, video, Internet and multimedia applications. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold.
Utilizing Metromedia Fiber Network's infrastructure, customers are able to rapidly deploy state-of-the-art optical networks. Communications carriers and Internet Service Providers gain local loop connectivity in the most highly populated metropolitan areas. Corporate and government customers benefit from private building-to-building networks featuring the fastest transmission speeds available and the highest levels of reliability and security. In addition to its current nationwide expansion in 12 major US and Canadian cities, Metromedia Fiber Network is entering the international market with fiber optic network builds in Germany, the UK and Holland. For more information about Metromedia Fiber Network, please visit the company's Web site at mmfn.com.
This news release contains certain forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control. This also includes such factors as described from time to time in the SEC reports filed by Metromedia Fiber Network, including the most recently filed Forms 10-K and 10-Q.
• (a) Editor Note: Dark fiber is a telecommunications industry term used to describe fiber-optic cable that has no signal or light passing through it. Metromedia Fiber Network leases individual dark fiber strands to organizations that attach their own transmission and receiving equipment to the fibers, allowing them the flexibility to deploy a wide range of advanced telecommunications technologies including broadband Internet Protocol (IP) networks, Synchronous Optical Networks (SONET), Asynchronous Transfer Mode (ATM), Voice over IP, gigabit Ethernet and others. A growing number of equipment providers are producing commercial optical routers and switches that rely on the availability of dark fiber for their operation.
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Contact:
Media Relations:
Gibbs & Soell, New York
Gary Gatyas, 212/697-2600
ggatyas@gibbs-soell.com
or
Company Contact:
Metromedia Fiber Network, New York
Ellen Strahs Fader, 212/606-4389
efader@metromediacompany.com |
