(BSNS WIRE) Metromedia Fiber Network and AboveNet Communications Announc
Metromedia Fiber Network and AboveNet Communications Announce Dates of Special
Meetings of Stockholders
Business Editors
NEW YORK/SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 9, 1999--
Metromedia Fiber Network, Inc. (Nasdaq: MFNX) and AboveNet
Communications Inc. (Nasdaq: ABOV), announced today the dates for each
company's special meeting of stockholders in connection with the
merger of AboveNet with Metromedia. Both special meetings will be held
at 9:00 a.m. on September 8, 1999, at 1285 Avenue of the Americas, New
York, New York.
Proxy materials for the special meetings will be mailed on or
about Friday, August 6, 1999 to stockholders of record of both
companies as of July 14, 1999. The completion of the merger remains
subject to required approvals by the stockholders of both Metromedia
Fiber Network and AboveNet Communications, as well as to other
customary conditions to closing. If the required approvals of
stockholders are obtained at the special meetings, it is expected that
the merger will close a soon as practicable thereafter.
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 to 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.
For more information about Metromedia Fiber Network, please visit the
company's Web site at mmfn.com.
About AboveNet Communications
AboveNet Communications Inc. is a leading provider of Internet
connectivity and co-location solutions for high bandwidth and
business-critical applications. AboveNet, headquartered in San Jose,
Calif., is the architect of the Internet Service Exchange (ISX) -- a
world class network that provides co-location services and Internet
connectivity for Content Providers, ISPs, and Application Service
Providers (ASPs). The AboveNet Global One-Hop Network is designed to
deliver fast, scalable and reliable connections to the Internet and
improves the Internet experience for end-users. With its Tier 1 status
and ISO 9002 certification, AboveNet is seeking to serve the global
community of the Internet. For more information on AboveNet and its
service offering call 800/475-2733 or visit the company's Web site at
above.net.
AboveNet, Internet Service Exchange, ISX and AboveNet Global
One-Hop Network are trademarks of AboveNet Communications, Inc. All
other company or brand names may be trademarks of the respective
companies with which they are associated.
--30--rc/ny*
CONTACT: Metromedia Fiber Network
Ellen Strahs Fader, 212/606-4389
efader@metromediacompany.com
or
AboveNet Communications Inc.
Coleen Clark, 408/367-6681
coleen@above.net
KEYWORD: NEW YORK CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS COMED
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
